Contract Excellence For Non-Legal Professionals

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Contract Excellence For Non-Legal Professionals Course
Introduction:
The purpose of this contracts management training course in London is to provide professionals and managers, regardless of their non-legal or non-contracts background, with a comprehensive understanding of the processes and complexities associated with contracting. By gaining this knowledge, participants can enhance their overall management skills. Contracts play a critical role in safeguarding the interests of organizations and effectively managing risks. Therefore, it is essential that all individuals within an organization possess an understanding of the issues and procedures involved in the contracting process.
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 contracts 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 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 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