Any business, whether it is small or large, private or public or for profit or not-for-profit, requires the people involved to have the understanding of concept of contract for the proper performance of that business. Otherwise, a contract will not be performed satisfactorily to the contracting parties. It is also true and often the case that a mere difference of opinion of the contracting parties leads to a serious dispute.
Taking construction contracts as an example, which is one of the most complicated contracts, the students are to be introduced to the general principle of contract and the methods of dispute resolution and avoidance.
Each unit is given in 90 minutes.
In the case study and mock arbitration, the class is divided into two groups to make contracting parties. An arbitrator is to be invited from outside. Students are given a good opportunity to learn the proceedings; preparation of claims and response (defense), hearing and award.