What is a contract? How is it legally binding?
In legal terms, a contract is a legally binding agreement between two or more parties. If the contract contains the elements of a valid legal agreement, the contract is then enforceable by law or by binding arbitration.
A legally enforceable contract is an exchange of promises with specific legal remedies for breach. These can include compensatory remedy, whereby the defaulting party is required to pay monies that would otherwise have been exchanged were the contract honoured, or an Equitable remedy such as Specific Performance, in which the person who entered into the contract is required to carry out the specific action they have reneged upon.
Continued professional development is essential in the law & legal fields, ensuring that delegates are up to date and always learning.
Delivery methods of law courses
Contract & regulatory courses can come in a vast range of formats to suit you and your organisation.
After you have found a course that meets your needs, ask the course provider for more information about their course teaching methods. For instance, legal contract coaches and trainers can come to your office (in-house training), you can attend an open course with delegates from other companies or you can take an online/distance course.
Points to consider regarding your contract & regulatory courses are:
- Where will the course be held? In-company, in the student's home, at one of the course providers’ locations, or online?
- How will the course be run?
- Can the course accommodate your specific industry?
- Will the expected finishing level of the course match your requirements?
- What qualifications does your course teacher have?
- What experience does your teacher have in your professional area?
- What opportunities for organised social interaction for continued learning are provided?
Online contract & regulatory courses
In-house contract & regulatory courses
Open contract & regulatory courses
Know your own skill level and your own goals
Before taking a contract & regulatory course, consider your legal proficiency and your ability and confidence in legal situations. The other essential consideration before deciding on a legal course is to know your needs. Take into account the areas you wish to improve in and any areas that you consider yourself not up to speed on.
Browse the different contract & regulatory course proficiency levels and talk to the course providers about your goals and if they can focus on your professional area, such as contract law, employment law, financial law, insurance law or trade law, etc.
Whatever your needs, you can be confident that the right content in your course will soon have you meeting your objectives.
Employment Law Courses
Employment law related courses provide the delegate with an understanding of contract law and how it applies to employment.
In employment law courses, participants are guided through the essential elements of the contractual relationship, examining the importance of terms of employment in detail from the beginning to the end of the employee/employer relationship.
In addition, practical scenarios are often provided regarding changing contracts or varying the employment terms during employment, as business needs change.
Employment law courses
Insurance Law Courses
Insurance is of vital important for today’s businesses. Insurance courses provide delegates with a detailed understanding of the real issues faced by brokers and underwriters in today's insurance market.
Courses in insurance are valuable, as they allow delegates to work as insurance agents, administrators, or insurance managers, while also providing updates for people who currently work in the insurance industry. Insurance training courses also include the kind of training necessary for those people who need to keep updated on the issues and those who want to advance, or just carry out new work.
Insurance law relates to the practices of law that surround insurance, including insurance policies and claims. Insurance law can be broadly broken into three categories - regulation of the business of insurance; regulation of the content of insurance policies; and regulation of claim handling.
Insurance law courses
Trade Law Courses
Trade law is applicable for those professionals that are involved in trade. For them, keeping up-to-date on regulations is imperative for success.
Trade law is a vast topic, with courses covering topics relevant for people new to the challenges of, say, importing and exporting, as well as for experienced importers and exporters, needing an update. Introductory trade law training covers the basic terminology and procedures that usually, including “terms of delivery”, “indirect exporting”, and the role of the “Freight Forwarder”. Trade law courses also introduce delegates to the world of export finance. There are additional courses available that are specifically targeted at professionals involved in international trade, where practitioners need to be aware of different sets of laws and how to manage trade through the world’s markets.
Trade law courses & training