Commercial and Corporate Practice
What is Commercial and Corporate Practice?
Commercial and corporate practice is a challenging area of legal practice which covers a wide range of commercial and financial activity. In this subject, you will be acting for clients in some common commercial and corporate matters such as
- the sale and purchase of business assets
- setting up business structures
- advising upon finance and securities, and
- identifying revenue implications of commercial transactions.
You will complete three tasks in this subject based on real life case studies that an entry level lawyer is likely to face in practice. Each task has associated activities.
At the end of this subject you will be able to demonstrate competence at the level of an entry level lawyer in:
- conducting the sale and purchase of a small business
- identifying the risks for both parties in a transaction
- setting up simple business structures such as companies, trusts and partnerships
- providing basic advice on finance and securities and the obligations of companies and their officers, and
- identifying revenue implications of commercial transactions and the need for further advice.
Tasks and Activities
You will complete practical tasks such as advising a client on the sale or purchase of a business and advising a client on business structures.
To assist your learning, you have online resources such as readings and interactive case studies. You also have a hard copy of the College’s Practice Papers, which are also available online and in eBook format.
The course calendar sets out the milestones for you to meet, and guides you through the subject. However, other than meeting dates for submission of work and assessments, you can progress through the learning resources and tasks at your own pace, when and where it suits you.
Your lecturer is your mentor and will give you individual guidance. Your lecturer will also give you feedback, and coach you to achieve the required level of competence.
To be eligible for assessment you must first:
- complete each task to a competent standard as determined by your lecturer, and
- score more than 50% in a multiple choice test.
The final assessment in the subject will be an oral assessment that will include:
- presenting Task 3 to an assessor
- reflection on your learning in the subject
- review of the tasks you have submitted, and
- questions arising from the learning materials.
Your performance in the oral assessment will be graded.