Business Contracts: The Basics

This course covers basic contractual theory—key concepts that will help you better understand and manage your risk. You’ll learn the elements necessary for the formation or creation of a binding contract, the validity and difficulties of a verbal contract (and how a written one is always preferable) and how courts treat ambiguous language. The course also covers how parties can protect themselves with conditions and what remedies are available should one party breach their obligations under the contract. Limiting or diminishing your liability will ultimately help you build equity in your business.