RMI 4015 - Contracts Risk Analysis

3 Credit Hours
Prerequisites: BUSA 2106 or RMI 3750.
Requirements: Must meet RCB upper division course requirements and 45 semester hours.

Description
Business is largely about transactions to sell goods or services to customers (including the government), to obtain goods and service from vendors and suppliers, to merge or divest the company, to enter into joint ventures, to form international agreements, etc. Transactions generate revenue for the firm. Transactions that turn out differently than expected can cost income. This course examines many types of contracts and scenarios where contracts are essential to the business deal and explores how these contracts should be written to comply with legal requirements. Students will evaluate contracts for legal aspects, completeness as to business objective, contingencies and risk assessment, using law, enterprise risk management frameworks and quantitative methods and analysis.