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In the modern commercial environment, ownership of intellectual property rights is the starting point for exploitation. Contract law plays a central and integral part of the managed exploitation of intellectual property rights, in distribution and agency arrangements. It is the property rights granted in those legally binding contracts that give value to the transaction; contract law is the device used to properly manage those rights.

Intellectual property rights are by their nature restrictive rights. Rights owners are granted the power to prevent third parties using their intellectual property Criminal law cpd without their consent. When it comes time for materials in which IP rights subsist to be exploited, it is the law of contract that is called upon to do permit to use the materials, subject to the conditions of contract.

Contract Law: A contract is simply a legally binding agreement. Parties to contract are at liberty to agree to what may take their fancy and the terms that may please them. The law imposes limitations on what may be contracted for when the courts find that an agreement is contrary to public policy or otherwise restricted by statute. With this background, owners of intellectual property are free to agree to deal with intellectual property in any way that they see fit.

A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies. Contract law recognizes and governs the rights and duties arising from agreements. If you come into contact with contracts or are involved in contract-making, a basic knowledge of contract law can help you avoid legal problems down the track. It can also provide an early alert to seek specialized legal advice.

The Certificate of Contract Law is an online professional development program that will provide you with a foundation understanding of contract law and will provide you with the knowledge required to analyze and evaluate contractual issues.

In this online contract law course you will discover the nature and meaning of contract assess sources of legal information and assess the significance of contracts and contract law in business. You will discover the principles of contract law analyze and evaluate key issues, including illegal and void contracts and breach of contract.

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