Contract Fundamentals and Case Law

Module 1: Contract Basics

• Introduction to Contracts: What Defines a Valid Contract?
• Understanding the Essential Elements: Offer, Acceptance, Consideration, and Intention.
• The Tendering and Bidding Process in Contract Law.
• Letters of Intent, Heads of Agreement, and the Role of Side Letters.
• Authority and E-signatures in Business Contracts.
• The Role of Negligence and Its Legal Consequences in Business Transactions.

Module 2: Case Study

• Review of Carlill v. Carbolic Smoke Ball Company and Its Implications on Contract Law.

Terms of Contracts and Specifications

Module 3: Contractual Terms and Specifications

• Differentiating Between Implied and Express Contracts.
• Introduction to Contractual Specifications: Input vs. Output Specifications.
• Warranties and Indemnities: Legal Protection for Contract Parties.
• How to Incorporate Terms Efficiently into Business Contracts.
• Practical Scenarios: Key Types of Contract Specifications.

Contract Drafting, Amendments, and Liability Management

Module 4: Drafting and Amending Contracts

• Best Practices for Drafting Contracts: Practical Insights.
• How to Amend Contracts by Conduct: Legal and Practical Considerations.
• Terms and Conditions of Sale and Purchase: Goods and Services.

Module 5: Limiting and Excluding Liability

• Consequential vs. Direct Loss: Legal Definitions and Impact.
• Unfair Contract Terms Law: Key Implications on Business.
• How to Effectively Incorporate Exclusion and Limitation Clauses.
• Understanding Force Majeure and Liquidated Damages Clauses.

Contract Termination and Dispute Resolution

Module 6: Contract Termination and Dispute Resolution

• Termination Clauses: How to Draft and Enforce Them.
• Managing Disputes: Negotiation and Mediation Tactics.
• Understanding Arbitration and Litigation: Pros and Cons in Business Disputes.

Review and Q&A:

• Interactive session to clarify concepts, review key points, and answer participant questions.