Contract Excellence For Non-Legal Professionals
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Contract Excellence For Non-Legal Professionals Course
Introduction:
This contracts management training course in London is intended to allow professionals and managers with a background other than law or contracts to better understand the processes and issues involved with contracting and therefore improve their overall management skills. Every organization relies on contracts to protect the interests of the company and manage risk effectively. Everyone in the organization must understand the issues and processes involved in a contracting scenario.
Course Objectives:
By the end of this training course, participants will be able to:
- Recognize the structure and purpose of contracts
- Show how different structures can be used in different situations
- Improve the ability of managers to communicate with contract personnel
- Illustrate some of the pitfalls that exist within commonly-used contract clauses
- Construct and control contract negotiations and management
Who Should Attend?
This training course will benefit all levels of personnel in a contracting scenario. It will enable them to understand the contract and to be aware of the different issues and risks associated with contracting.
This training course is suitable for a wide range of professionals but will greatly benefit:
- Engineers
- Project or Construction professionals
- Tenders, Contracts, Buyers, Purchasing, Financial personnel,
- Those from a Project Management or General Management background who do not think they have a sufficient understanding of contract issues
- Those new to the function, preparing for a major project, or experienced managers looking for a refresher
Course Outlines:
The Basis of Contracting
- Why do we use contracts
- Legal requirements for a valid contract
- Oral contracts
- Electronic contracts
- Terms and conditions of the contract
- Authority to contract
Risk and Different Contracting Types
- How to assess and manage risk
- Traditional contract types
- Modern contract types
- Bonds and Guarantees
- Letters of Intent
- Which Law?
Major Contract Terms
- Obligation to perform
- Defective goods
- Liability issues
- Indemnities and Insurance,
- Intellectual property
- Force Majeure
Changes and Variations, Payment and Close-out Issues
- Changes and Variations
- Payment issues
- Letters of Credit
- Warranty claims
- Suspension and Termination
- Contractual issues on closeout
Negotiation, Avoidance, and Resolution of Disputes
- Negotiation, compromise, and settlement
- Litigation
- Arbitration
- Mediation
- Expert Determination
- Dispute Review Boards
