Course Description: 
Contracts provide a written document that outlines the full understanding of the business relationship and scope of the work so that no one can claim any misunderstandings later down the road. Contracts regulate the relationship between the involved parties by outlining the scope of the work and the conditions of the agreement.

Learn the fundamentals of contract best practices, the essentials of a valid contract, the types of contracts, how to review, negotiate, and support the contract process, and the financial officer’s role in contract development.

Learning Outcomes:

• Learn why it is important to understand contracts — they specify exactly what rights are being purchased and what rights you are retaining.
• Learn the advantages of having contracts –when a contract is written, it provides certainty and holds more weight than a verbal agreement.
• Learn about the key components that are required to ensure a contract is valid.
• Learn the important elements of contracts that must be present before a contract is binding: the offer, acceptance, mutual assent (also known as “meeting of the minds”), consideration, capacity, and legality.
• Learn what types of contracts exist and what to look out for when entering a contract, such as implied, unilateral and bilateral, fixed price, unconscionable, etc.
• Learn about reading and reviewing contracts to help facilitate smooth business transactions and ensure a municipality is protected.

Who Should Attend?

A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!

The webinar focus is on the professional development needs of any municipal financial professional and senior executive.

Currently available ON DEMAND

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