4.0 (18 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
94 students enrolled


A Beginner to Intermediate Ultimate Masterclass on the Basics of Business Contracts
4.0 (18 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
94 students enrolled
Created by Vincent Hein
Last updated 6/2019
English [Auto]
Current price: $13.99 Original price: $19.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 3 hours on-demand video
  • 3 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • How to draft business contracts to protect yourself and your business
  • How to understand contracts as risk management tools
  • How to win at negotiations
  • How to avoid costly and uncertain litigation
  • Learn the FAILS test and apply to every contract immediately and forever
  • How to Manage Risk in Commercial Transactions
  • none

Everyday, businesses use contracts to memorialize the terms of a business transaction and manage risk. Yet many professionals and managers never learn even the basics of business contracts. In this course you will learn business contracts from an attorney and business owner who worked in-house managing business contracts for one of America's largest companies. You will learn:

  • How to immediately use business contracts as tools to manage risk

  • How to draft key clauses and provisions for your business contracts

  • How to spot and remove or reduce unnecessary risk in business contracts

  • How to negotiate business contracts

  • Specific contract clauses you can use immediately in your business contracts

  • Talking points for negotiating business contracts

Learn from an attorney turned entrepreneur and former member of the U.S. Commercial Contracting Team at General Electric.

When you complete this course, you will be able to:

  • Speak more confidently about commercial contracts and risk management

  • Negotiate contracts

  • Understand business lawyers better

  • Review contracts more quickly and with greater skill

  • Manage company and personal liability better

When you complete this course, not only will you sound more knowledgeable about business contracts and business law when you speak to others, you will truly have a better understanding of risk management, specific contract clauses, liability, and ultimately what makes a good contract.

Who this course is for:
  • From Beginners to contract paralegals and attorneys unfamiliar with commercial contracts. Anyone with curiosity. This course is useful for everyone, including English as a Second Language learners.
Course content
Expand all 26 lectures 02:52:30
+ Introduction
6 lectures 28:56

When you’re done you’ll be able to:

•Read and understand business contracts

•Negotiate contracts

•Draft contracts

•Manage risk

•Talk confidently about risk management and contracts

We’re going to:

•Study specific clauses

•Review real contracts

•Learn business law concepts

Preview 01:31

Learn what makes a contract. What is consideration? Is a promise to make a gift enforceable?

Preview 04:58

Let's start learning a basic clause found in many commercial contracts, with an example of why and when you would want this clause. A brief mention of the Uniform Commercial Code (U.C.C.)

Preview 13:18

In contract law it is rare that something is clear and unambiguous, but this clause will fail 100% of the time.

A Contract Clause That Will Always Fail
+ Basics of Employment Contracts
6 lectures 31:35

Learn the difference between an employee and a contractor. This is a very important business concept to know as it relates to employment contracts.

Preview 04:47

Learn why labels and tax documents don't determine who is an employee and who is a contractor.

Control Trumps Labels

In this lecture we will review a real contract for professional services. This is a nicely written contract by the San Diego Water Authority.

Preview 07:43

Learn about non-compete clauses or agreements as well as their limitations

Non-Compete Agreements

Learn about non-solicitation clauses.

Non-Solicitation Clauses
Non-Disclosure Agreements (NDAs)
+ Business Contracts
4 lectures 35:14
Types of Contracts--an Introduction
General Contract Structure
Making Changes to a Signed Contract

Review a real contract.

Preview 20:08
+ FAILS Test--How to Quickly Analyze Every Contract for Risk
6 lectures 01:05:05

Review a critical clause that manages liability.

Limitation of Liability
+ More Clauses and Explanations You Can Use Immediately
3 lectures 10:21
Sample Clause: Termination
Sample Clause: Time Is of the Essence
Sample Clause: Counterparts and E-signature