Mark Underberg practiced corporate law for 30 years, advising directors and officers in corporate governance and other aspects of corporate law. Until 2012, he was a partner in the New York City law firm of Paul, Weiss, Rifkind, Wharton & Garrison. He has a law degree from Cornell Law School.
Course Overview
Contracts should reflect business objectives in provisions that are clear, complete, and enforceable. In this course, you will study how various contract concepts relate to each other within a single document and how to approach an agreement with a holistic view.
You will explore how contractual provisions can be modified to allocate various risks to one party or another. This is an important skill; after all, which party will bear which risks in a particular transaction are often the most hotly negotiated terms of a deal. You will examine how to use contract provisions to allocate risk and control among parties to a contract. As a result, you will be better equipped to discuss with your legal team how to anticipate risks through an informed use of those provisions in your contracts.
The following courses are required to be completed before taking this course:
- Creating Effective Contracts
- Interpreting Contracts
Key Course Takeaways
- Adopt a holistic approach to contracts based on understanding the relationships among various provisions in a typical contract
- Use contractual provisions to bridge information gaps and address “moral hazard” problems
- Use representations and warranties, conditions, and covenants to allocate risk and control among parties to a contract
- Mitigate risk and recognize issues in common contractual provisions
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Course Length
2 weeks
Effort
3-5 hours per week
Format
100% online, instructor-led
Course Author
Adjunct Professor of Law, Cornell Law School
Who Should Enroll
- Business professionals in any sector
- Leaders and executives who engage with legal professionals
- Compliance officers
- Procurement professionals
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