Built Intelligence

Commercial Awareness: The Contract

Commercial Awareness: The Contract

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The aim of this course is to provide an overview of the formation of a contract, the necessary elements and what happens where there is no contract.

After studying this course, you should be able to:
  1. Understand the essential elements of a contract
  2. Explain what other elements may be present and the consequences if they are not
  3. Understand the difference between a letter of intent and a contract
  4. Explain the purpose of subcontracts and collateral warranties