Want to become a Certified Contract Law Analyst? Do you aspire to have a career in the legal field? Then you are at the right place. All companies around the world enter into various contracts with their employees, clients or other businesses. To prevent contractual disputes companies hire Certified Contract Law Analyst. They look over the contract and ensure agreements are in the company’s best interest. This certification will help you bridge the gap for your dream job. Also, it provides you recognition and competitive advantage.
Roles and Responsibilities of a Contract Law Analyst
The key role of a Certified Contract Law Analyst in an organisation is to avoid contractual disputes. They must have extensive knowledge of contact law. They have the following responsibilities:
- Reviewing contracts to prevent potential disputes
- Then, analysing contract clauses, stipulations, obligations, and liabilities.
- Also, reviewing contract terms and conditions.
- Further, recommending and drafting contract provisions and amendments.
- Moreover, negotiating contract terms, payment structures, and reimbursement with other parties.
- Additionally, ensuring that contract terms comply with legal requirements and policies.
- Finally, advising internal departments on innovative and cost-effective ways to comply with contractual obligations.
Contract Law Career Path
Contract law specialize in drafting agreements between two parties, whether to settle a dispute or to set up a commercial transaction. Completing a juris doctor degree and passing the state bar exam are two criteria for becoming a contract lawyer. Let us know about Contract Law Career Path!
Vskills Certified Contract Law Analyst Overview
Vskills Certified Contract Law Analyst exam assesses the candidates as per industries need for managing contract related matters. It tests candidates on various areas in agreement formation, consideration, promissory estoppel, misrepresentation, fraud, coercion, undue influence, void contract, contingent contract, contract discharge, restitution, breach and damages.
Benefits of this certification
The certification exam for Contract Law Analyst helps you validate your knowledge and expertise. Moreover, this certification can open the door to increased visibility, better opportunities and new jobs in your industry. It differentiates you as a professional who is serious about applied learning, making you an asset to a prospective employer.
Vskills is India’s largest certification provider and gives candidates access to top exams as well as offers after exam benefits. This includes:
- This certification will have a Government verification tag.
- Also, the Certification will have lifetime validity.
- Further, you will get Lifelong e-learning access.
- Moreover, you get access to Free Practice Tests.
- Additionally, You will get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine.com.
Who should take this certification?
This exam is intended for professionals who aspire to work in law, finance or project management departments of various companies. Also, for candidates already working in this domain and are looking for better role. Major recruiters of Vskills Certified Contract Law Analyst include top MNC’s and organizations like Adecco, Bosch, Godrej, Tata Group, KPMG, PwC, CPA Global.
Exam Details: Certified Contract Law Analyst
- Exam Code: VS-1158
- Duration: 60 minutes
- No. of questions: 50
- Maximum marks: 50
- Passing marks: 25 (50%).
- There is NO negative marking
- This is an Online exam
Course Outline: Certified Contract Law Analyst
This exam covers the following topics:
- Contract Definition
- Contract Elements
- Indian Contract Act
- Classification of contracts
- Offer and Acceptance
- Valid Offer
- Offer Lapse
- Valid Acceptance
- Communication of offer and acceptance
- Revocation of Offer and Acceptance
- Essentials of Consideration
- No consideration No Contract
- Contract Writing
- Contract Contents
Capacity of Parties
- Capacity to contract
- Persons of unsound mind
- Persons disqualified by other laws
- Undue Influence
- Legality of object
- Unlawful Consideration and Unlawful Object
- Common Law and Illegality
Wagering, Contingent, Quasi and Performance of Contracts
- Wagering Agreement
- Contingent contract
- Quasi contracts
- Performance of contract
- Introduction to Discharge
- Discharge by performance
- Discharge by mutual agreement
- Discharge by breach
- Discharge by operation of law
- Discharge by lapse of time
- Discharge by Impossibility of Performance
- Exceptions to the Doctrine of supervening impossibility:
Breach of Contract and Remedies
- Breach of Contract
- Anticipatory Breach
- Equitable remedies
- Specific Relief Act
- Contract of indemnity and guarantee
- Contract of Guarantee
- Rights of Surety
- Contract of Bailment and Pledge
- Finder of lost goods
- Pledge or Pawn
- Contract of agency
- Duties and Rights of an Agent
Sale of Goods Act 1930
- Sale and bailment
- Conditions and warranties
- Transfer of ownership in goods:
- Sale by non owners
- Unpaid Seller
Indian Contract Act, 1872
- Chapter I Of the communication, acceptance and revocation of proposals
- Chapter II Of contracts, violable contracts and void agreements
- Chapter III Of contingent contracts
- Chapter IV Of the performance of contracts – Contracts which must be performed
- Chapter V Of certain relations resembling those created by contract
- Chapter VI Of the consequences of breach of contract
- Chapter VII Sale of goods
- Chapter VIII Of indemnity and guarantee
- Chapter IX Of bailment
- Chapter X Agency, Appointment and authority of agents
- Chapter XI Of partnership
International Contract Law
- International Contract Basics
- The Internationalisation of contract law
- Contractual Disputes
- UN – CISG
- INCOTERMS 2010
- Contract of Carriage of Goods
- International Insurance
- International Payment
- World Trade Organization (WTO)
- Regional Trade Blocs
- Anti-Dumping and Countervailing
- International Commercial Litigation
Preparatory Guide for Certified Contract Law Analyst
Preparing for an exam is the real task. Consistency and determination are the two most essential keys to unlock your certification. Access to the right tools and resources can help you prepare effectively. This preparatory guide is your information goldmine that will definitely kick start your progress.
Step 1- Deeply Analyse the Exam Objectives
Before, venturing on any journey, one must have a clear idea of what he/she is putting themselves into. With that being said, reviewing each and every exam objective becomes the most important part of your preparation. A thorough analysis will let you align yourself more deeply with the chief objectives if the exam. This exam covers the following topics:
- Contract Formation
- Capacity of Parties
- Free Consent
- Contract Legality
- Wagering, Contingent, Quasi and Performance of Contracts
- Breach of Contract and Remedies
- Special Contracts
- Sale of Goods Act 1930
- Indian Contract Act, 1872
- International Contract Law
Step 2- Refer the Learning Resources
You can find numerous resources around you which can be used for preparation. But, clearing this certification exam is only possible with the right set of resources. So, you should be very careful while choosing the resources as they will determine how well you pass the exam. Vskills offers you its own E-Learning and Study Material to assist your exam preparations. these resource provide you latest insights about the exam as they are constantly updated. Moreover these resources are designed to supplement your learning experience.
Step 3- Learn with Books
Preparation for any exam without books seems unreasonable and unproductive at the same time. So, you should also search for relevant and credible books by expert authors for your exam preparation. As a result, you can strengthen your knowledge about the application of different concepts:
- Contract Law by Pathak Akhileshwar
- Contracts: The Essential Business Desk Reference
- The Law of Contracts and the Uniform Commercial Code
- Contract Law for Legal Professionals
- Also, Examples & Explanations for Contracts
Step 4- Check your progress with practice tests
Mistakes are inevitable, but surely, they can be limited. When it comes to exams, practice papers help a lot in limiting the mistakes. Moreover, training the brain is very essential. Practice papers give that simulation in which the brain needs to get used to the actual exam. Other than knowledge, there are many factors that can affect your performance in the exam. Also, these include confidence, speed, understanding the marking scheme, physical and mental alertness and concentration, and more. Thus, going through practice tests helps you find your strengths and iron out your weaknesses. They make you understand the areas you’re lacking behind and work upon them. Most importantly, make sure that you are going through practice tests once you have gone through the whole syllabus. Get Ready to Self Evaluate your preparations with Practice Tests!
Job Interview Questions
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