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Training Fundamentals of Contract Law

Fundamentals of Contract Law



This course informs business and government about contracts, delivering critical legal knowledge for anyone who has any exposure to contracts of whatever size, value and type.

During the 3 day intensive program you will examine the law and commercial factors affecting the contract lifecycle, from formation, through performance to completion, you will be provided with essential guidance on:

  • understanding clauses and terminology
  • risk identification; allocation and management
  • standard form contract and general contract termination, and
  • dispute resolution.

With this knowledge, you can ensure that contracts are prepared properly from the outset, setting a clear path to maximise outcomes. You will be provided with the tools and knowledge to know your rights when you are not getting what you expect out of your contract.

You will also learn how to recognise whether the contract is on the right path, and how to end the relationship either amicably or through dispute, when it is not. Incorporating a focus on interactive workshops and real- life case studies, this course covers all the need-to-know essentials.


  • Chief executive officers
  • Managing directors
  • In-house counsel
  • Legal advisors and consultants
  • Business development managers
  • Project financiers
  • Finance directors and financial controllers
  • Marketing and sales directors and managers
  • Trade and export finance managers
  • Contract managers


Contract Formation Essentials

  • Law of Contract – essential prerequisites
  • Myths and errors
  • Use of Standard Form Contracts (including exercise on types of Standards and gaps in the standards)
  • Understanding offers, acceptances and invitations to treat ƒƒIdentifying the parties – types of parties and the impact on
  • contract formation
  • Offer vs. Invitation to Treat – what is the difference?
  • Capacity and Delegation (including reference to published recent article on delegation and exceeding authority)
  • Contract vs. Deed
  • Issues with contract formation (including exercise on contractual certainty)
  • WORKSHOP Defining Contract Formation During Negotiation and Battle of the Forms

​Heads of Agreement – explained and explored

  • What is a Heads of Agreement?
  • Are Heads of Agreement different from a letter of intent, MoU or Letter of Understanding?
  • Types of Heads of Agreement
  • Why use Heads of Agreement?

​Engaging the market – contractual issues in the tender process

  • The difference between an RFP and an EOI
  • The tender process and contractual liability (using a published article on the most recent legal case on tendering in Australia)
  • The process contract explained and explored
  • Contractual damages and the tender process
  • How to structure RFPs
  • How tenders are assessed and getting the selection right
  • Avoiding risks in the tender process
  • Probity- what it is and why we have it
  • Managing the Procurement.
  • WORKSHOP The Process Contract – Exclusion of Contract and Excluding Liability

​Intellectual Property

  • The law on IP and who owns what
  • Dealing with IP in contracts
  • Understanding IP ownership and IP licensing.

Liability, Indemnity, Warranties and Insurance

  • Overview of contractual risk
  • Risk in a contractual sense
  • Risk Identification and Management- (including a simulated Risk Identification Workshop)
  • Liability and Limitation / Exclusion of Liability
  • The use of indemnities and tips on negotiation Consequential Loss- What it means
  • Non-contractual risk mitigation tools.
  • WORKSHOP Risk Allocation (participants will work in groups to consider appropriate risk allocation in a dummy project)
  • Transferring Risk
  • Insurance
  • Other mechanisms to meet contractor liabilities, including parent company guarantees, deeds of substitution and indemnity and comfort letters.

​Managing Contracts through a boom and bust

  • Managing contracts through boom and bust – why is it different now?
  • Getting the selection right
  • Understanding contractual rights and mechanisms to manage contractor / subcontractor solvency risk.

Breach of Contract

  • Termination
  • Contractual right to terminate vs. common law right to terminate
  • Termination for convenience. Contractual Damages
  • Types of contractual damages
  • Heads of damage
  • How to assess contractual damages Types of loss explained and explored
  • How to mitigate damages.
  • Dispute Resolution
  • Is litigation the only option?
  • Expert determination vs. mediation – the difference
  • Arbitration vs. litigation.

  • Group Discussions
  • Group & Individual Exercises
  • Presentations
  • Games
  • Case Studies
  • Role Plays
  • Self-Assessment
  • Action Plan
  • Certificate,
  • Quality Training Kit (Pencil case: Erase, Bolpoint, Pencil, Tipe X, Stabillo, Flash Disk 8 GB),
  • Bag.
  • Training Material (HandOut & SoftCopy)
  • Convenient training facilities in stars hotel (Public Training)
  • Lunch and Coffee Breaks (Public Training)
  • Souvenir
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