Business Contracting: Legal Essentials for Various Business Entities
CPD Hours: 2
Price: R450.00
Business Contracting: Legal Essentials for Various Business Entities
Presenters : Nicolene Schoeman-Louw
Overview
In today's complex business environment, a solid understanding of legal essentials is crucial for safeguarding and ensuring the success of any business. This webinar offers a thorough overview of key legal principles and best practices in business contracting. Whether you operate as a sole proprietor, part of a partnership, a private company, or a public company, this session will provide you with the knowledge needed to navigate the legal intricacies of business contracts effectively.
Join Nicolene Schoeman-Louw on 13 August 2024 from 10:00 a.m. to 11:00 a.m. to deepen your understanding of business contracting and gain valuable insights into contract formation, enforcement, common pitfalls, and strategies to mitigate legal risks.
Learning objectives
Attending this webinar will equip you with the following skills:
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Gain a thorough understanding of the essential legal principles that underpin business contracts including the basics of offer, acceptance, consideration, and mutual agreement.
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Discover the common mistakes and oversights that can undermine business contracts and learn to recognise red flags and potential issues before they become problematic.
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Acquire the skills to draft contracts that are not only clear and concise but also legally binding and enforceable through the use of precise language, thoroughness, and paying attention to detail.
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Get full understanding of how legal requirements vary depending on the type of business entity, and how to tailor your contracts to meet specific legal obligations and regulatory requirements relevant to your business structure.
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Learn best practices for managing contracts throughout their lifecycle, from initial drafting and negotiation to execution and enforcement.
Content
The webinar will cover the following topics:
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Introduction to Business Contract Law
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Definition and importance of contracts
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Elements of a valid contract
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Types of business contracts
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Role of contracts in business operations
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Contract Formation and Execution
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Offer and acceptance
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Consideration
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Contractual Obligations and Enforcement
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Legal obligations of parties involved
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Enforcement mechanisms
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Specific Considerations for Various Business Entities
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Sole proprietorships
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Partnerships
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Private companies (Pty) Ltd
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Limited companies (Ltd)
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Best Practices for Contract Management
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Contract lifecycle management
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Dispute resolution strategies
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