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Sponsored by Lorman Education
Product ID: 401782EAU
 
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Contract Provisions for Business Owners: Bulletproof Terms You Need to Know

OnDemand Webinar (92 minutes)

Learn to quickly recognize risky clauses, better understand the risks those clauses create and how to reduce or eliminate those risks before you sign the contract.Almost every contract dispute ends up being controlled by the contract or purchase order terms and conditions. Too often companies sign a contract or purchase order without fully understanding the agreement they have become bound to. For many, reading a contract is like reading a foreign language. This topic will teach you how to translate the convoluted terms of a contract, how to determine if there is a problem hidden within a clause, and how to deal with that problematic clause. Often, participants in a construction project enter into contracts without knowing how to read the clauses and fully recognize the risks they have taken on. The benefit of this material is that you will be able to quickly recognize risky clauses, better understand the risks those clauses create and how to reduce or eliminate those risks before you sign the contract. You will also learn which phrases aggravate that risk and how you can minimize the risk where you have already signed a bad contract.

Authors

Larry P. Lubka, Lubka & White LLP

Agenda

What Terms Should Be in Your Contract and What Terms Should Not Be There?

What Clauses Get Companies in Trouble?

Incorporations by Reference:

• Industry Standards, Standard Conditions, Statutes and Codes, the Bid and Other Documents That Can Sneak up on You

• Why the First Few Paragraphs of the Contract Are so Important

Key Clauses, Including Review of Plans and Specifications, Indemnity, Insurance, Warranty, Payment Requirements, Terminations, Order of Precedence and Much, More

Key Phrases That Warn You of Danger, Such as "Sole Discretion"

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info