Creating a Contract

Creating a Contract

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Commercial contracts are agreements made between 2 or more parties, laying out the terms and conditions of a transaction or business arrangement. They’re legally binding and protect the interests of all parties. They make sure everyone knows what’s expected of them, so there are no unfortunate surprises.

Unfortunately, things don’t always go smoothly when it comes to business agreements. If there are disputes about services or payment, a well-drafted contract can simplify the dispute process. Understanding what goes into a commercial agreement will help you protect the business. And it’ll make sure everyone involved understands and agrees to the terms of an agreement.

By the end of this course, you’ll be able to:

• Understand what to consider before creating a commercial contract
• List the clauses that need to be included in a commercial contract
• Explain the difference between fixed-term, initial-fixed-term, rolling-subscription, and no-specified-term contracts

Why take this course?

Creating commercial contracts can seem overwhelming. But it’s all about establishing fair, transparent business arrangements. That’s why operational managers, business leaders, and anyone involved with commercial contracts will benefit from understanding where to start. This course will give you the basics, so you can implement your contracts with confidence.

10 mins | SCORM | Takeaway Tasks
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