Draft Commercial Contracts: Checklists

Overview

Checklists is a beginner-level course designed for procurement specialists, contract managers, and business professionals who need to translate complex supplier agreements into clear, actionable summaries. In today's fast-paced business environment, the ability to quickly identify and extract critical commercial terms is essential for managing risk and ensuring value. This course provides a systematic approach to contract review, moving beyond legal jargon to focus on what truly matters for business operations. Through practical, hands-on learning, you will master the use of predefined checklists to methodically analyze supplier agreements. You will learn to pinpoint and document essential clauses, including complete pricing schedules, service level agreements (SLAs), penalty clauses, and termination terms. The course uses real-world case studies, such as the Hertz vs. Accenture lawsuit and the AWS service outage, to illustrate the high stakes of contract management. You will practice creating comprehensive summary sheets designed for internal review, enabling faster, more informed decision-making before legal engagement. By the end of this course, you will have the skills and confidence to streamline your contract review process and boost your organization's success.

Syllabus

Systematic Contract Review: From Clause to Summary

This module provides a comprehensive guide to systematically reviewing supplier agreements and extracting key commercial terms. Learners will explore why a systematic approach is critical for risk mitigation and then dive into the "what" and "how" of identifying and summarizing key clauses. The module covers essential terms such as pricing, Service Level Agreements (SLAs), penalties, and termination conditions. Using real-world examples and hands-on activities, learners will build the skills to translate complex legal language into a clear, concise commercial summary sheet for internal stakeholders.