Contract Types and Terms is a fundamental course for procurement professionals who need to select and verify commercial agreements with confidence. Choosing the wrong procurement instrument or failing to spot a discrepancy between a quote and a contract can lead to budget overruns, operational delays, and legal risk. This course provides the essential skills to get it right from the start.
Contract Types and Terms
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Contract Types and Terms
This course is part of Supplier Performance & Risk Management Specialization
Instructor: LearningMate
Included with
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
1 hour to complete
Flexible schedule
Learn at your own pace
What you'll learn
Distinguish between purchase orders and frame contracts, and apply a checklist to ensure contract terms align with formal quotations.
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Recently updated!
January 2026
Taught in English
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This course is part of the Supplier Performance & Risk Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 2 modules in this course
This module focuses on the strategic choice between a one-time purchase order and a long-term frame contract. You will learn why this choice is critical for efficiency and risk management. We will explore what defines each instrument and how to use a simple decision framework to select the right one. You will apply this knowledge in a simulated conversation and assess your understanding in practical scenarios.
What's included
2 videos1 reading1 assignment
This module provides the practical, step-by-step skills for ensuring a contract is accurate before it is signed. You will learn why even minor mismatches between a quote and a contract can create major problems. We will provide a verification checklist (what) and show you how to use it to catch discrepancies. You will apply these skills in a guided dialogue and be assessed in a final project where you review a contract and report your findings.
What's included
2 videos1 reading2 assignments
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Status: PreviewYale University
Status: PreviewYale University
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