Introduction to Contracts in Law
Learn more about the elements of a legally binding contract and how to resolve a breach with damages.
Take this certificate on your own.
Start now and learn at your own pace.
CertificationView course modules
A contract is an agreement between private parties that creates a mutual obligation enforceable by law. This course will discuss the basic elements required for an agreement to be a legally enforceable contract. These include mutual assent, expressed by a valid offer and acceptance, adequate consideration, capacity, and legality. You will learn how to determine intent and how to communicate a contract. You will also learn why a promise can be the same as a payment.
You will then study the four requirements of the formation of a legally binding contract and discuss the elements such as mental capacity and age, duress or undue influence, unconscionability, misrepresentation or fraud, and frustration of purpose. You will look into traditional defenses and learn when a contract cannot be enforced. This course will also discuss the three elements of a true contract. You will study the different types of damages, the purpose of damages, and non-typical remedies.
Many individuals or business owners do not fully understand the implications of signing a contract or breaching a contract. By taking this course, you will learn what makes up a binding contract and how to resolve a breach of contract in the form of damages. These are vital skills for business owners and professionals, so check out the course and start learning about contracts in law today.
Learning outcomes: - Understanding what is a contract and what is has to be contained to make it so; - Examine a scenario of a contract agreement and how it was breached; - Learn your rights as an injured party as to how a broken contract or breached contract would be remedied; - Better understanding of when in certain situations a contract must be used.
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:
Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning
Alison offers 3 types of Certificates for completed Certificate courses:
Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping
All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.
Need Some Help?
Legal contracts are legally binding agreements that establish and govern the rights and responsibilities of those involved in the agreement. Legal contracts typically involve the exchange of goods, services, and money, or promises to do so in the future. This free online course will introduce you to how contracts are drafted, the basic elements of a contract, how to make a contract of your own, and will teach you about the scenarios in which contracts can be breached.
Each of the online law courses on Alison are free, as are all of Alison's online courses. Alison's learners do not have to pay anything to take these courses unless they want a digital or physical copy of the course certificate.