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Transactional Law

Outcomes

Each student graduating with the Certificate in Transactional Law and Skills must have demonstrated:

  1. competence in the business law subject areas covered by the following required courses:  Business Associations, Fundamentals of Income Tax, Corporate Finance, and Corporate or Partnership Tax;
  2. competence in reading and interpreting financial statements and other basic financial literacy skills covered by the following required courses: Accounting in Action or Analytical Methods;
  3. competence in the skills covered by the following required foundational skills courses: Contract Drafting and Deal Skills (see specific Learning Outcomes for these courses in Parts B and C, below); and
  4. (a)  competence in the skills covered by a required capstone course in one specific area of the law:  Commercial Real Estate Transactions Workshop, Commercial Lending Transactions, Complex Restructurings and Distressed Acquisitions in Chapter 11, Corporate Practice, General Counsel in Negotiated Transactions, Negotiated Corporate Transactions, Mergers and Acquisitions Workshop, Intellectual Property Transactions, Private Equity, Venture Capital, or similar courses offered in a given semester; or 
    (b)  exposure to transactional law practice through a transactional law externship.

Each student who has taken Contract Drafting must have demonstrated the ability to: 

  1. gather and understand the facts of a business deal;
  2. identify the business purpose of each contract concept;
  3. translate the business deal into contract concepts;
  4. draft each of a contract’s parts;
  5. assemble the contract’s parts into a whole contract;
  6. draft with clarity and without ambiguity;
  7. add value to a deal;
  8. examine potential ethical and professional issues inherent in contract drafting;
  9. act ethically and professionally throughout the contract drafting process; and
  10. analyze, review, and comment on a contract.

Each student who has taken Deal Skills must have demonstrated the ability to: 

  1. translate a business deal into contract provisions;
  2. use due diligence to identify business and legal issues;
  3. interview, counsel and communicate with clients, supervising attorneys, and other   deal team members in the context of a business deal;
  4. understand and analyze contract provisions;
  5. review and prepare corporate resolutions and records;
  6. assist in the preparation of client representations and warranties;
  7. negotiate a business deal and produce a final negotiated agreement;
  8. identify and resolve issues in business transactions;
  9. identify and consider basic financing and risk management issues in deals;
  10. manage a transaction; and
  11. consider and employ principles and requirements of ethics and professionalism    throughout various aspects of a business deal.