Nonprofit Contracts: Protecting Your Organization

Lorman Education Services
Training overview
Professional Course
1.5 hours

Course description

Nonprofit Contracts: Protecting Your Organization

Nonprofit Contracts: Protecting Your Organization

Gain a better understanding of the key nonprofit contract provisions to help identify, mitigate and eliminate risks. Perceived financial costs and related time constraints cause many nonprofits to enter into contracts while foregoing legal assistance and review. This approach can lead to serious risk exposures and lost opportunities for the organization. This topic can help the persons responsible for contract oversight to understand what key provisions mean, and how to negotiate them successfully on behalf of your organization. The content also explains how contracts fit into the overall risk architecture of the nonprofit organization, and what checks might need to be performed on key issues outside the “four corners” of the agreement. Failing to have a proper contract review process can lead to negotiation oversights and regulatory errors that could cost many thousands of dollars to remediate. This topic is critical for nonprofit personnel to identify, mitigate, and eliminate these risks.

Learning Objectives

  • You will be able to discuss with your nonprofit client key contract terms and find solutions that meet your client’s particular needs.
  • You will be able to explain the differences between key terms such as indemnification clauses and hold harmless clauses - and why they matter.
  • You will be able to identify key contract provisions and how they affect the business risk profile of the contract.
  • You will be able to review contracts in a way that will allow you to focus on key legal concepts that could help or harm your client.

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    Who should attend?

    This live webinar is designed for executive directors, accountants, presidents, vice presidents, directors, officers, controllers, CFOs, tax managers and attorneys.

    Training content

    • Basic Contract Principles
    • Types of Contracts
    • Offer, Acceptance, and ConsiderationKey Provisions
    • Representations and Warranties
    • Termination Rights
    • Indemnification
    • Limitation of Liability (Waivers and Releases)
    • The "Miscellaneous Stuff" - Force Majeure, Governing Law, Entire AgreementIntersection With Other Governing Documents, Policies, and Procedures
    • Articles and Bylaws
    • Other Agreements
    • Insurance Coverage and RiskSpecial Considerations
    • Contracts Where Directors Have a Financial Interest
    • Sovereign Immunity
    • Charitable Solicitation Agreements
    • Endowment Agreements
    • Employment Agreements, Terminations, and Releases

    Costs

    The cost of this Nonprofit Contracts: Protecting Your Organization live webinar is $199 per participant.

    About Lorman Education Services

    Lorman Education Services

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    Contact info

    Lorman Education Services

    Lorman Education Services
    2510 Alpine Road
    54702 Eau Claire Wisconsin

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