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Basic Contract Law.

Learn about the important legal principles of basic contract law., from when a contract is formed, breach of contract, termination of contract, and claiming damages for breach of contract. This Online CPD Basic Contract Law Course includes the stages of forming a contract, what to do when a contract is breached, how to termination a contract and claiming damages for breach of contract. Contracts can be with your clients, contractors and materials or equipment suppliers.

Undertaking this course earns you 2 CPD Points.

1. Making a contract

  • getting things right, at the start
  • does it have to be written?
  • When is a contract formed

2. What a contract should cover

  • follow the rules of the game
  • negotiating a contract
  • signing the contract
  • who gets copies
  • performing the contract
  • Security of Payment

3. Common building contracts
  • Housing Industry Association building contract
  • Office of Fair Trading contract
  • cooling off
  • deposit
  • provisional sums
  • prime cost items
  • progress payments
  • work done or material supplied by owner
  • approvals
  • insurance
  • defects rectification
  • termination
  • dispute resolution
  • builder’s obligations
  • accuracy of documents – owner’s warranties
  • delay and extensions
  • possession of site
  • hidden site conditions
  • interest for late payment
  • risk
  • practical completion
  • final certificate
  • owner taking early possession
  • charge over site
  • debt collection

4. Conclusion
  • commercial building contracts
  • security
  • contract documents and discrepancies
  • novation to sub-contractor
  • indemnity
  • insurance
  • superintendent
  • programming
  • time, progress and extension of time
  • variations
  • default and insolvency
  • notices of claim
  • notices of disputed

Once you have completed this course, you will need to fill out and submit the Acknowledgement Form.The Acknowledgement Form must be completed and submitted as soon as practicable after having completed this course. If we do not receive this completed form from you, it cannot verify that you have successfully completed this course should you be audited by the NSW Office of Fair Trading.

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