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Draft Commercial Contracts: Checklists

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Draft Commercial Contracts: Checklists

This course is part of Supplier Performance & Risk Management Specialization

Instructor: LearningMate

Included with

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1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

1 module

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Apply contract checklists to draft commercial summary sheets, extracting key terms like pricing and SLAs from supplier agreements.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

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Build your subject-matter expertise

This course is part of the Supplier Performance & Risk Management Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There is 1 module in this course

Checklists is a beginner-level course designed for procurement specialists, contract managers, and business professionals who need to translate complex supplier agreements into clear, actionable summaries. In today's fast-paced business environment, the ability to quickly identify and extract critical commercial terms is essential for managing risk and ensuring value. This course provides a systematic approach to contract review, moving beyond legal jargon to focus on what truly matters for business operations.

Through practical, hands-on learning, you will master the use of predefined checklists to methodically analyze supplier agreements. You will learn to pinpoint and document essential clauses, including complete pricing schedules, service level agreements (SLAs), penalty clauses, and termination terms. The course uses real-world case studies, such as the Hertz vs. Accenture lawsuit and the AWS service outage, to illustrate the high stakes of contract management. You will practice creating comprehensive summary sheets designed for internal review, enabling faster, more informed decision-making before legal engagement. By the end of this course, you will have the skills and confidence to streamline your contract review process and boost your organization's success.

Module details

This module provides a comprehensive guide to systematically reviewing supplier agreements and extracting key commercial terms. Learners will explore why a systematic approach is critical for risk mitigation and then dive into the "what" and "how" of identifying and summarizing key clauses. The module covers essential terms such as pricing, Service Level Agreements (SLAs), penalties, and termination conditions. Using real-world examples and hands-on activities, learners will build the skills to translate complex legal language into a clear, concise commercial summary sheet for internal stakeholders.