This training course provides a clear and practical introduction to commercial contracts, tailored for contract managers, business owners, junior in-house lawyers, and professionals new to contract negotiation. The session is grounded in UK contract law, with real-world examples and guidance on how to review, interpret, and negotiate legally sound and commercially effective agreements. 

This course covers:

Understanding the legal framework of contracts under UK law:

•    How and when a contract is formed (offer, acceptance, consideration, intention)
•    The significance of written vs. verbal contracts
•    Understanding legal phrasing in commercial contracts

Core components of a UK commercial contract, including:

•    Terms and conditions
•    Limitation of liability and indemnity clauses
•    Warranties and representations
•    Termination rights and notice provisions
•    Governing law and jurisdiction clauses

How to identify and manage risks, including:

•    Boilerplate clauses often overlooked but legally significant
•    IP ownership and confidentiality
•    Force majeure and frustration in UK legal context

Contract negotiation skills:

•    Key commercial and legal terms to watch
•    How to push back on unreasonable clauses
•    Striking the balance between legal protection and deal-making

Best practices for contract lifecycle management:

•    Document retention
•    Renewal and review processes
•    Audit and compliance readiness