Commercial Awareness: The Contract

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