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