Overview
As a professional engineer, you will likely be called upon to write (or at least review) contracts at some point in your career. If you intend to bid on a project, purchase equipment or hire a sub-contractor, a contract will be required. Except for the simplest of transactions, almost all agreements to provide a product or a service for commercial, industrial, or government work will require some type of contract. Thus, it is imperative that you understand the fundamentals of writing contracts - even if you have a huge legal department at your disposal.
In this course, you will learn the major elements of a contract. You will also learn how to protect your interests or the interests of your employer when writing a contract.
You must take a multiple-choice quiz consisting of fifteen (15) questions at the end of the course to obtain PDH credits.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- History of contracts
- Essential elements of a contract
- Writing a contract in language that will be more readily enforceable in the event of litigation
- The definition of "deliverables"
- Early completion incentives and late completion penalties
- Acts of God and exclusionary clauses
- Considerations when outsourcing work to a foreign country
- Cancellation, concealed conditions and contingency clauses
- The differences between litigation, arbitration and mediation
- Conflicts of interest
Course
Click on the following link to the PDF document to review the course material before taking the quiz for credit.
Contract Writing for Engineers
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