Contracts should clearly set out and define parties’ rights and responsibilities both to each other, and to third parties. Organisations use contracts as the basis of their legal relationship, yet many legal disputes arise over their interpretation due to vague and inconsistent drafting. To meet the challenges of today’s commercial environment, the skill of both understanding contracts and being able to draft them clearly and unambiguously is vital to your organisation’s commercial success. Contracts can be used to minimise exposure to cost and time overruns, potential disputes, and provide forms of security for performance failures. This COPEX online training course focuses on commercial and practical implications of key legal concepts in structuring contracts and potential risks and pitfalls in their drafting, reducing the risk of costly mistakes and accepting unacceptable liabilities. It also offers guidance and practical tools and techniques in negotiating the terms and conditions of contract.
What are the Goals?
By attending this COPEX online training course, you should achieve these goals:
Learn How to Properly Structure Legally Enforceable Contracts
Understand the Use and Effects of Language, Words and Phrases
How to Use Contract Provisions to Manage Risk, Rights and Responsibilities
Analyse How Best to Securitise Performance
Develop New or Enhanced Skills in Negotiating Contracts
Who is this Training Course for?
This COPEX online training course is suitable for a wide range of professionals involved in all elements of Contracting, and whether new or experienced in their roles. These may include:
Supply Chain Staff
Sales and Marketing Personnel
Day One: The Commercial Use of Contracts
The purpose of Legal Agreements
Turning Agreements into Binding Contracts
Controlling Risk using Different Types of Contract
Contract Models and Templates
Interim agreements: Letters of Intent and similar tools
Choice of Law, Forum and Jurisdiction
Day Two: Contract Drafting as Writing
The drafting process
Developing a suitable Contract Structure
Defined Terms and Principal Sections
Style and Type of Language
Common Words and Phrases
Day Three: Rights and Obligations – the Main Clauses
Delivery, Performance and Acceptance
Clauses that manage Risk
Contract change terms
Price and Payment
Bonds, Guarantees, Warranties
Intellectual Property rights
Day Four: How can Things Go Wrong?
Liquidated Damages and Penalties
Limits/Exclusions of Liability
Indemnities and Insurance
Suspension and Termination
Day Five: Negotiation and Resolution of Disputes
Negotiation – Tools and Techniques
Dispute Resolution clauses
Litigation and Arbitration
Mediation and other Alternative Dispute Resolution methods
Tips and traps in contract development
Training course summary and review
A COPEX e-Certificate will be provided to delegates who attend and complete the online training course
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