An introduction to the formation, performance and breach of contracts. The course will also introduce students to contract interpretation, damages, conditions, rights of third parties and assignments.
Curriculum
Contracts
Legislation and Regulation
Obligations imposed by the government on businesses are numerous, substantial and increasing. These obligations emanate mainly from statutes enacted by legislatures and regulations promulgated by administrative agencies. This course explores how statutes and regulations come into existence, when they may be invalid, how courts interpret them, and what steps businesses take in responding to statutory and regulatory initiatives. Business and law have become so intertwined and inseparable that statutes and regulations are not just for lawyers anymore. To perform their responsibilities competently, effectively, and ethically, numerous non-lawyers – including middle-level and top-level executives – must acquire the knowledge and skills needed to navigate regulatory-intensive environments. This course is the foundation for acquiring these competencies.
Regulatory Compliance
An introduction to basic statutes, regulation and administrative practices relevant to regulatory compliance by business entities, financial institutions, and healthcare organizations and practitioners. The course will also introduce students to basic concepts of risk management. Students will learn how to: identify applicable laws, regulations and industry standards necessary to develop an effective compliance management program; construct and implement effective compliance policies and procedures; develop appropriate audit procedures in order to analyze the effectiveness of current policies and procedures, and organize and lead the organization’s response to a regulatory audit or investigation.
Torts
The course covers the law of torts or civil wrongs outside contract law. For example, lawsuits for fraud, car accidents, product injuries and negligent management of employees are all tort suits. The course covers the foundations of the “negligence” cause of action, including topics such as duty, breach, causation and damages. It also covers principles of vicarious liability (that is when an organization or employer is responsible for the actions of its employees), economic harms and statutory negligence. The principles and techniques you will learn in this course underlie many other legal subjects that you will later encounter.
Cybersecurity and Privacy Electives
Cybercrimes*
This course introduces students to the laws and regulation governing cybercrimes. The classes focuses on various types of cybercrimes, such as identity theft, hacking, extortion and ransomware, cyberbullying, cyberterrorism, credit card fraud, non-payment/non-delivery crimes. The course will also cover the investigation and prosecution of cybercrimes, including the tools available to law enforcement, Constitutional and statutory constraints, and cross-jurisdictional and public/private cooperation and coordination.
*Course under development – Coming soon!
Cybersecurity Breach Response: Investigation, Mitigation and Remediation
This course focuses on the legal and risk management issues that arise after a cybersecurity breach. Students will learn about different aspects on incident response, including initial internal communications and related corporate governance issues, the role played by in-house and outside counsel, forensics experts, IT staff and others in investigating the source and scope of the breach, and in mitigation and remediation of cyber breaches. The course will cover myriad issues related to cyber-insurance (before and after a breach), the preservation of digital data and physical documents, attorney-client privilege and a number of legal issues that can arise when coordinating with federal, state, and foreign regulators and criminal investigation agencies. Students will also learn about various mitigation best practices, including disclosure to regulators, customers, cyber-insurance carriers, investors, and vendors and other affected third parties.
Cybersecurity: Implementing Policies and Procedures
This course focuses on the design and implementation of cybersecurity compliance programs, including developing policies and procedures, auditing processes, and strategies for ensuring the resiliency and adaptability of the program in an evolving cyberspace and regulatory environment.
Financial Privacy and Cybersecurity
A study of privacy and cybersecurity laws and regulation, as they apply to firms in the financial sector and to corporations registered with the SEC. Topics include: prevention, breaches, disclosures, and remediation; Federal and state privacy and cybersecurity regulations; EU GDPR; the NIST Cybersecurity Framework; Federal Reserve, OCC, and FDIC guidance; and FFIEC and SEC OCIE cybersecurity guidance and initiatives. The course will also cover compliance and risk management best practices.
Health Care Privacy and Cybersecurity
A study of privacy and cybersecurity issues, including Health Insurance Portability and Accountability Act of 1996 (HIPAA); and security of health care information under state and federal law, including HIPAA, the Health Information Technology for Economic and Clinical Health (HITECH) Act, and breach notification requirements. The course will also introduce issues related to emerging uses of technology, including telemedicine.
Technology Fundamentals for Cybersecurity, AI, and Beyond
An introduction to fundamental technology concepts for compliance officers, risk-manager, and others working in technology-intensive, regulated areas, including, cybersecurity, privacy, AI, and intellectual property.
Workplace Privacy and Cybersecurity
A study of privacy and cybersecurity law within the context of employment relationships and HR compliance. Topics covered include legal and compliance issues arising with: interviews and background investigation; medical screening, testing, and HIPAA issues; psychological screening and testing; drug, alcohol, and tobacco screening and testing; monitoring of employee performance and conduct; monitoring of social media, emails, and telephone conversations; video surveillance; GPS tracking; reasonable expectations of privacy and searches and seizures; misuse of company computers and cybersecurity issues; Fair Credit Reporting Act; and HR compliance best practices and employer liability issues.
Data Analytics and Technology Risk Management Electives
Compliance Failures: Investigation, Reporting and Remediation
A study of the obligations of regulated companies when there has been a compliance failure. Topics covered include: audits and other internal governance approaches for discovering compliance problems in a timely fashion; investigations; reporting; mitigation; regulatory responses; and remediation.
Contract Risk Management
This class covers contract risk management best practices, as applied to both individual and portfolio of contracts. Topics include contract negotiations, term sheets, pre-contractual liability, contract performance, breach, waivers, post-breach actions, and the relationship between liability and business risks. Students will also learn about key contract terms including representations and warranties, conditions, default, indemnification, arbitration, liquidated damages, and choice of law and venue.
Data Analytics and Regulatory Compliance
A study of legal and risk management issues surrounding the use of big data analytics, machine learning and other AI technologies by regulators, business firms and other organizations. Special focus is given to issues arising in health care regulation, financial and securities regulation, and employment law—for example, health care fraud and abuse, Bank Secrecy Act and Anti-Money Laundering, economic sanctions, Federal securities Laws, and employment discrimination. Topics include privacy, cybersecurity, algorithmic fairness, smart contracts, robot and computer system accountability, social media censorship, regulatory reporting, monitoring of employees and transactional monitoring.
Drug Regulation and Compliance
This course provides an analysis of major legal issues in the pharmaceutical and medical device industries. The course explores the FDA’s regulation of these industries, including the FDA approval process, advertising and promotional regulations, and enforcement by the FDA and other regulatory entities. Other topics include product liability and FDA preemption, research, patient care, and privacy, pricing and market access.
E-Health and Telemedicine
A study of legal issues affecting e-health and telemedicine. Topics covered include electronic health records, Health Insurance Portability and Accountability (HIPAA) and other privacy issues; live video and store-and-forward techniques; remote patient monitoring, mobile health, and healthcare robots; reimbursement issues under public and private insurance schemes; licensure, credentialing, and privileging; and fraud and abuse.
Government Contracting
This course introduces students to government contracting. The course cover statutes and regulations governing the government procurement process, as well as the core contract law issues relevant to government contracting. The course will also look at the specific contracting issues related to defense contracting, including the Department of Defense’s Cybersecurity Maturity Model Certification (CMMC).
Intellectual Property Risk Management
This course introduces students to key concepts in law of patents, trademarks, trade secrets and copyright. Special focus is given to risk management techniques to protect a company’s intellectual property, including monitoring for potential infringements, addressing suspected infringements, IP licensing, non-compete agreements and non-disclosure agreements.
Vendors and Other Third-Party Risk Management
A study of the legal issues related to outsourcing contracts, including liability issues arising from these relationships. Students will also learn about best practices for assessing, monitoring, and managing vendor and outsourcing risks.
Governance and Risk Management Electives
Business Organizations
An introduction to the law of business organizations, including agency, partnership, and business corporations. Topics include formation and structure of the corporation, power and fiduciary responsibility of management, rights and liabilities of shareholders, shareholders' derivatives litigation, acquisitions and tender offers and insider trading.
Civil Litigation Fundamentals
The potential for lawsuits plays a critical role in business decisions, particularly in regulatory compliance, risk management, and contract procurement and vendor risk management. This is often especially true in highly regulated fields such as healthcare, finance, HR, cybersecurity, and supply chain management. Litigation – whether in front of administrative agencies or courts – is generally the endgame for regulatory, contractual, or other liability problems that institutions may face. This class provides students with a basic understanding of the process of civil litigation in the U.S. We will trace the pathway of a lawsuit from the initial pleading stage to the appeal. Students will gain a solid grasp of the concepts and vocabulary that underlie the U.S. litigation system. Topics include types of lawsuits, forums, pleadings, response, discovery, trial procedures, appeals, administrative adjudication, and arbitration.
Consumer Protection Law
A study of consumer protection regulations, including consumer lending, mandatory and voluntary disclosures, common law fraud, and unfair and deceptive acts and practices.
Enterprise Risk Management
This course will cover the principles, frameworks, and best practices for analyzing and managing risks within business firms. Students will learn how to construct frameworks for managing strategic, operational, financial, and legal/regulatory risks. They will also learn how to assess and measure these risks.
Environmental Risk Management and Compliance Failures
This course focuses on environmental legal risk management and compliance. Students will learn about federal and state environmental statutes and regulations that provide the basis for compliance in the areas of air, water, solid waste, climate change, and environmental justice. Students will also explore best practices for identifying and managing environmental risks and remedying compliance failures. Students will learn about environmental due diligence, environmental policies and procedures, mandatory self-reporting, and voluntary self-policing (monitoring, disclosure, and remediation). Through environmental case studies, students will learn about the intersection of federal and state regulators and explore emerging environmental compliance challenges. Environmental risk management is important in almost every industry, including manufacturing, technology (e.g., AI, cloud computing, cryptocurrency), transportation, public utilities, energy, defense contracting, health care, real estate, and entertainment and hospitality. It is also important for those working in contract and transactional risk management in financial services, supply chain, HR, mergers and acquisitions, and commercial real estate. In a semester-long assignment, students will focus on an environmental risk management topic relevant to their industry and/or professional goals.
Governance, Risk Management and Compliance
An introduction to corporate governance, risk management, and compliance within business firms and financial institutions. Topics include: the role of the board of directors and executives in managing firms and overseeing risk management and compliance; Codes of Ethics; internal controls; the Sarbanes-Oxley Act; the Foreign Corrupt Practices Act; whistleblowers; crisis management; and disclosure requirements under Federal Securities Laws and under banking statutes and regulation.
Insurance Contracts
A study of insurance contracts and insurance law. Topics covered include: the nature of insurance, insurable interests, persons and interests protected, contractual obligations of the insured and insurer, the claims process, bad faith, and subrogation. We will explore insurance contracts from the point of negotiation and execution through the claims process, settlement and dispute resolution.
Legal Research Fundamentals
This course introduces students to effective legal research techniques for navigating the vast landscape of legal sources and business information. Students will learn research strategies for working with primary legal sources--such as federal and state statutes, regulations, case law, and municipal ordinances and codes--as well as secondary legal sources. Students will learn how to efficiently research administrative materials, including federal and state registers and codes, proposed rules and comments, agency guidance, and enforcement actions. Students will also learn how to research business sources relevant for engaging in transactional due diligence, contract risk managements, vendor, and third-party risk management. Students will gain practical, hands-on experience working with both free and paid legal and business resources, and databases.
Negotiations & Bargaining: Theory and Practice
In this course, you will learn the main principles, concepts, tools, and skills of negotiations and bargaining. These will not only help you develop a good understanding of the subject but will also equip you with what is needed to be a “successful” negotiator. We will give primary attention to negotiation and bargaining in legal contexts. These include: contract negotiations; bargaining during the performance of long-term contracts and during other long-term relationships; bargaining between a business firm and its employees, customers, suppliers, vendors, and investors; bargaining among business firms regarding joint ventures and supply chain management; and bargaining during legal conflicts, both before and during litigation. You will learn how to identify the parties’ relative bargaining power and how to increase bargaining power–e.g., by using pre-commitment devices and acquiring information. You will also learn about the factors that can lead to quick, efficient agreements and those that can lead to costly delays and bargaining breakdowns, including the role played by bargaining procedures, informational gaps between parties, “credible” and “non-credible” threats, and trust and fairness.
Program and Project Management: Governance, Contracting, and Compliance
In this course, students will learn about program management and project management from the perspectives of governance, contracting, and regulatory compliance. Topics: Project management lifecycle, from project conception, negotiation, and initiation through project delivery and closure. Predominant project management types—e.g., Waterfall, Agile, and Lean/Scrum. Selecting and managing the project team, assessing and managing risk, engaging and managing stakeholders, and determining and managing outsourcing and procurement strategy. The course gives special attention to legal risk management issues. These include project governance, contract risk management, project finance, human resources and employment law, intellectual property, and vendor risk management.