The Terms and Conditions of a Contract - Plus Highlights of Article 2
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One of the more critical classes for all manager and buyer's to have is an understanding of the legal aspects of purchasing. These include the various Terms and Condition employed by both buyer and sellers in both initial offers and concluding in a purchase transaction. This session will assist in preparing those who have to deal with preparing requisitions, submitting a proposal, negotiating a successful deal, as well as creating a legal and enforceable contract what the necessary requirements are for both a successful acquisition concluding in customer satisfaction.
Specific Sections of study will revolve around:
- Review the evolution of United States law we interact
- The requirements for an enforceable contract
- Contractual phrases buyer and sellers should understand
- Examples of contracts to review
- Understand how risk is exchanged in a contract
- Implications of the various types of bankruptcy and foreclosure their implication on buyers
- Case examples.
Plus, a separate book on Article 2 of the Uniform Commercial Code will be given to each of the session's participants to address critical issues for buyer and sellers. These include: Perfect tender, Title transfer, Cover, Cure, Warranty, Anticipatory repudiation, Cash on delivery, Fiduciary responsibility and much more.
Who should attend
New buyers, supply chain managers, warehouse managers and supervisors, contract managers, operations managers and other general managers and supervisors