Question 1

What is contract law?

Accepted Answer

Contract law is the area of the law in all civil jurisdictions that oversees all parts of creating, ending or breaking contracts between two or more parties. The term ""party"" can refer to a person, a company, an organization, or association.

When two or more parties make a legal agreement, it states a particular set of obligations for one or both parties to do or not do. These contracts, usually for a legally binding offer, are overseen by contract law. Judges are well-versed in contract law for legal guidance in cases involving all legal personal, business, and organizational contract agreements.

How contract law is interpreted in a jurisdiction depends on the present laws in any city or state where a particular contract was offered, accepted, or breached.

Question 2

What is it important to learn about contract law?

Accepted Answer

When you take up the study of contract law, it's important to learn about the legal guidelines that dictate common contracts. Among the typical themes found in such learning environments would include what a contract represents, any issues involving contracts, what is the legal significance of contracts, and some of the common pitfalls found in dubious contracts.

Additional learning about contract law can expose you to ways that legal relations are put into play, how legality and morality coexist, and legal distinctions between items such as gifts and bargains.

Question 3

How does contract law affect my career?

Accepted Answer

If you are in business, knowing the facts about contract law can be beneficial to you in your career. As you rise up in the corporate organizational chart, your responsibilities will grow, and you may be tasked with overseeing negotiations in particular areas with other parties.

Knowing how to handle negotiations with a background in contract law will be a valuable skill for anyone working in a nonprofit, corporation, or small-to-medium-sized business.

Question 4

How can taking online courses help me learn contract law?

Accepted Answer

There’s much to learn about contract law, and when you take online courses, you will start to get a deeper appreciation of legal concepts around contracts. You will learn how contracts are formed, how they can be broken, and what legal pitfalls to watch for in contract law.

Apart from the legal knowledge you'll gain, you will also learn how building better relationships with business partners may lead to better contracts. These are the types of examples of contract law that you will find in a supportive online learning environment with top-quality legal experts to help you in your learning.

Question 5

Can I take free contract law courses on Coursera?

Accepted Answer

Yes. You can start learning contract law on Coursera for free in two ways:

Preview the first module of many contract law courses at no cost. This includes video lessons, readings, graded assignments, and Coursera Coach (where available).
Start a 7-day free trial for Specializations or Coursera Plus. This gives you full access to all course content across eligible programs within the timeframe of your trial.

If you want to keep learning, earn a certificate in contract law, or unlock full course access after the preview or trial, you can upgrade or apply for financial aid.

Contract Law Courses Online

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Explore the Contract Law Course Catalog

American Contract Law I

Corporate & Commercial Law I: Contracts & Employment Law

American Contract Law II

Law, Governance, and Public Policy

AI & Law

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Frequently Asked Questions about Contract Law

What is contract law?‎

What is it important to learn about contract law?‎

How does contract law affect my career?‎

How can taking online courses help me learn contract law?‎

Can I take free contract law courses on Coursera?‎

Other topics to explore