Contracts give rise to a range of liabilities by parties assuming rights, responsibilities, duties and obligations, but which can be managed through contractual mechanisms. They are equally risk management tools which can provide for payment of the consequences of injury or damage to an organisation’s assets - its people and property - and of third parties. This COPEX training course focuses on principal contractual liabilities, and how risk can be managed through the use of indemnities. It further considers how (and who is best placed to procure) insurance to fund the consequences of various liabilities occurring. It also features the use of contract provisions to reduce the risk of disputes.
What are the Goals?
By attending this training course, you should achieve these goals:
Understand How, When and If Contracts are Legally Enforceable
Assess and Manage Key Contractual Liabilities
Analyse the Way Indemnities Operate Across Industries
Evaluate the Need and Use of Different Types of Insurance
Compare Ways of Dealing With Claims and Disputes
Who is this Training Course for?
This COPEX training course is suitable for a wide range of professionals involved in procurement and contracting, and whether new or experienced in their roles. These may include:
Supply Chain Staff
Day One: Contract Formation, Structure and Risk
How and When is it Legally Enforceable
Key Contractual Elements and Structure
Ancillary Documents and Issues
Different Legal Environments
Defining Risk – Identification and Impact
Key Contractual Risks
Day Two: Managing Contractual Risks and Liabilities
Performance – Quality and Time
Ownership and Risk of Loss or Damage
Pricing and Payment
Limiting and Excluding Liability
Breach of Contract
Day Three: Indemnities Unmasked
What Are They, How Do They Work?
Negligence – Simple or Gross?
Operation in Different Legal Systems
People and Property
Day Four: Insurance: Purpose, Types, Limitations
Why Insure and What It Covers
People, Property and Product Liability
Motor, Aviation and Marine Insurance
Who Arranges, For Whose Benefit?
Day Five: Contractual Dispute Management
Tiered Dispute Resolution Mechanisms
Negotiation – Tools and Techniques
Alternative Dispute Resolution
Litigation and Arbitration
Course Review and Learning Outcomes
COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
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