Contract Law

A handy manual to the world of contracts and business agreements.
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  • Lectures 11
  • Length 2 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2015 English

Course Description

This Contract Law course summarizes the fundamentals of American legal system related to the expression of the free will of bargaining and entering into legally binding and valid agreements.

It is directed towards the broadest audience and requires no special knowledge or educational background in the field of Law, Business or Administration.

The course is structured in a way that will allow the listener to take time to learn and estimate the basic notions of Contract law.

The outcome of its taking will be the more professional and learned approach of the student towards the matter of the framing of business relations and their legal aspects and implications.

The primary goals of the course are to:

- familiarize the students with the fundamentals of Contract Law,

- prepare themselves for examinations an a clear and structured way that will save them a lot of time and further reading,

- help them work with ease with the basic terminology in the area and

- broaden the knowledge of the way business agreements operate in an environment conformed with the legal standards.

The course can be especially helpful for students who are not native English speakers and are not familiarized in detail with the Common law terminology, related to Contract law. These students may be called a special target group of the current course.

What are the requirements?

  • What you need is a few hours of your spare time and some interest in the topic. Oh yes, and a PC or a mobile, of course

What am I going to get from this course?

  • Recognize with ease the stages of conclusion, the parts, and the prerequisits of a valid contract.
  • Become more proficient and acquire knowledge in professional business practices related to the legal aspects of trade and interpersonal exchange.
  • Perform divers acts related to contract reading, interpretation and conclusion.
  • Their business culture, ethic and expertise will be sufficiently developed and reinforced.
  • Upon course completion, students would make the difference between various forms of contractual obligations under the Common law and the UCC.
  • Prepare themselves for essential exams, related to Civil law sciences.

Who is the target audience?

  • Anyone who has a special interest in the area of Law, Civil sciences, Social studies and operation of Business fundamentals, concepts, and entities.

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Basics of Contract law

Hello everyone and welcome to the Common Law Academy's "Contract Law" Udemy course!

My name is Tsvety and I will be your instructor throughout this learning adventure! I hope you get to know a lot and enjoy your time until the successful course completion!

I must make some notes before you start taking the course.

First and most important, the course does not contain any reference or examples of cases, decided by the courts, since it is only an introduction to the Contract law principles and concepts. However, I understand the great importance of case law, its study and practical use, so I would strongly advise those of you who have special and more professional interest in the field of contracts not to forget to read some cases and case reviews as well.

Second, I would like to make a little technical note. The course is delivered as a set of presentations, composed of slides, which, for the purposes of easier navigation, are equal in duration and each of them is exactly 30 seconds in length. So, if you don't have time, feel tired of extensive listening or overwhelmed by Satie's music:), feel free to skip the time between the slides and concentrate on the material you are interested in.

Third, you may want to know more about the sources of Law, we just briefly mention in the slides. If you do, here are some essential and very useful links to start with:


Classification of Contracts. Offer and Acceptance.
Formation of Contract.
Defences against Formation of the Contract.
Section 2: Interpretation of Contracts. Excuses for nonperformance. Privity
Interpretation of Contracts.
Excuses for nonperformance of contractual duties.
Privity. Rights of third parties.
Section 3: Risk. Allocation of the risk.
What is Risk?
Ways of allocating risk.
Section 4: Breaches, Damages, and Remedies.
Breach of Contract. Types. Damages.

Dear Student,

We have come to the end of this course! Please, do not forget that it is only an introduction to the vast field of Contract law. It only aims to familiarize you with its basic notions and, hopefully, to make you more interested in that fascinated area, broaden your scope of knowledge, and show you the perspective of Law and the legal practitioner's way of thinking when it comes to describing human relations and business interactions put in the terms of a Contract.

We sincerely hope you have enjoyed taking the Course and have acquired much new, interesting, and useful information from it!

We thank you for your time and wish all of you the best of luck!

The Common Law Academy team

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Instructor Biography

Tsvetelina Merjankova, L.L.M., M. Phil, Legal counsel, English coach, author

Tsvetelina Merjankova is the founder of the Common Law Academy, a Master in Law and in Cultural Studies(LL.M and M. Phil.), interested in Philosophy, the Common law and language studies; particularly in the way they interconnect, operate and influence each other.

She is the author of the six volume "Introduction to the Common law" series, translator of numerous legal and scientific texts, and a passionate researcher in the field of constitutional and administrative law.

She is also a multi-lingual Legal Counsel and an attorney practising in both Civil and Common Law jurisdictions.

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