Contract Execution
Duration10'
No. of mini-lessons3
ResourcesTakeaway Tasks
Duration 10'
No. of mini-lessons 3
Resources Takeaway Tasks
Course overview
Your teams have identified the 3rd parties you want to work with. They’ve pinned down the desired outcomes and the outputs necessary to achieve them. They’ve collaborated, negotiated, and created a contract that works for everyone involved. Time to relax, right? Not quite. Before they can celebrate, your team needs to complete the most important part of the contract life cycle: you’ve got to execute it.
Contract execution is all about finalizing the agreement outlined in the contract. Without those formal signatures, it’s little more than a promise to proceed. And you definitely don’t want to put the success and reputation of your business on the strength of a promise. Understanding how to execute a contract properly will make sure that contract is legally binding and enforceable.
What's covered
The 2 different definitions of contract execution
Who is required to execute a contract
What signatory authority is
Why your teams need this course
If a contract isn’t legally binding, there’s no guarantee that any of the terms laid out in it will be honored. That’s why anyone involved in negotiating and finalizing contracts needs to understand contract execution. This course will help your teams execute contracts, so they can be confident that all terms will be met.
Accredited by CPD
TalentLibrary is recognized as reaching the standards and benchmarks required by the Continuing Professional Development (CPD) Certification Service.
The CPD Certification Service is the world’s leading and largest independent accreditation organization for professional development courses across all industry sectors.
