Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.
Who should attend
- Contract Professionals
- Project Engineers and Project Professionals
- Claims Personnel and Business Audit Officers
- Contract Strategists
- Commercial Professionals
- Purchasing Officers and Personnel
- Supply Professionals
About the course
Understanding contract law has become an essential part of conducting our daily business functions. Whether you are in purchasing, contract management, subcontracts, project management, general management or sales, you are constantly involved with legal and contract principles, sometimes without even realizing it.
The course will deal with Contracts written in the English language, and follow principles widely used in international contracting. It will contribute to an understanding of all aspects of contracting and learning best practice from other regions and industries. There will also be opportunities for raising issues for review and discussion on any aspect of contracting.
At the end of the course participants will be able to:
- Contract structures – how and why contracts are drafted in particular ways
- Understanding the legal principles behind contracts
- The main clauses in different types of agreements
- The commercial impact of particular provisions
- Understand similar clauses in different international standards
- Show how to develop your own ‘standards’ clauses
- When to accept proposed amendments and when to reject them including how to give clear reasons for such rejection
- The use of special conditions
- Provide strategies and tactics for negotiating on possible contract amendments
- Explain how to use contract provisions to reduce the risk of disputes
- Where disputes do arise, show how the contract can be used minimize these disputes, and some of the methods by which disputes are resolved in international contracting (including non-traditional approaches, such as mediation)
How and Why Contracts are Drafted?
- Why we use contracts
- The key elements of a contract
- Oral or written?
- Terms and conditions of contract
- Agency issues
- The basic structure of a contract
- Incorporating documents by reference
- Standards forms and form of agreement
- Principles of contract negotiation
Main Contract Clauses
- Obligation to deliver/perform
- Compliance with law/change of law
- Indemnities, insurance and third parties
- Liability in negligence – relationship with contract conditions
Main Contract Clauses
- Variations and changes
- Product liability and defective goods – rejection
- Precedence of documents – special conditions
- Intellectual property
- Suspension and termination
- Acceptance and certificates
- Liquidated damages/penalties
- Limits of liability
- Conflict of laws and choice of law clauses
A variety of methodologies will be used during the course that includes:
- (30%) Based on Case Studies
- (30%) Techniques
- (30%) Role Play
- (10%) Concepts
- Pre-test and Post-test
- Variety of Learning Methods
- Case Studies and Self Questionaires
- Group Work
Videos and materials
Make sure this course is right for you.
Get unbiased reviews and personalized recommendations.