Contract Management for Non-Contract Professionals
Contracts Administration and Management
£5850.00
Introduction
The Contract Management for Non-Contract Professionals training course is designed to equip you with essential skills to enhance your comprehension of key competencies related to contracts, commercial obligations, and contract law, ultimately boosting your leadership presence. By applying this knowledge to your professional role and addressing the tasks and challenges you encounter at work, you will significantly contribute to business contract negotiation and management.
Participants will develop the following competencies:
Projecting confidence by understanding one's own abilities
Effective communication to convey persuasive messages
Building connections that enable influence
Assisting your team in finding creative solutions to workplace challenges
TRAINING OBJECTIVES
This training course aims to empower participants to address the following questions and achieve the associated outcomes:
What are the fundamental principles of contracts?
What are the core concepts in commercial obligations?
What variations can be employed to accommodate diverse requirements?
What are the jurisdictional differences in international business?
To what extent do international contracts converge?
What are some typical clauses in contracts?
How can we identify and manage risks in contracts?
WHO SHOULD ATTEND?
This comprehensive training course is suitable for:
Professionals and leaders, whether involved in contract management or not, seeking to enhance their knowledge of contract negotiation and risk management to improve leadership and management skills
Personnel transitioning into contract management roles wishing to enhance practical and legal knowledge
TRAINING METHODOLOGY
The Contract Management for Non-Contract Professionals training course combines presentations with video materials, activities, and case studies. Delegates are encouraged to actively participate in relating contract law principles to the specific needs of their workplace.
TRAINING OUTLINE
Day 1: Introduction to Contracts
Grasping the concept of offer and acceptance
Emphasising the importance of main term agreement
Understanding the implications of contractual agreements
Exploring the fundamentals of commercial law and obligations
Analysing key relationships underpinning these obligations
Recognising potential consequences of contract breaches
Exploring the concept of legal jurisdiction in contracts
Day 2: Commercial Relationships and Obligations
Examining the structure of international business relationships in contracts
Understanding key terminology in the commercial realm
Unpacking the essence of applied contract law
Understanding key relationships within Agency, Partnerships, International Sales (incorporating Incoterms), Insurance, Intellectual Property, Dispute Resolution, Insolvency, and Bankruptcy
Day 3: Types of Contractual Agreements
Distinguishing between various contract types
Evaluating diverse commercial arrangements covered by contracts
Analysing conventional contracts, including lump sums, schedules of rates, bills of quantities, and reimbursable contracts
Considering alternative approaches like risk and reward sharing and BOT contracts
Adapting different management approaches for distinct contracts
Day 4: Standard Contracts and Common Terms
Exploring the concept of model contracts
Investigating the use of industry and company standard terms
Reviewing common clauses found in various contract types, including warranties, defects liability, variations, liquidated damages and penalties, limits of liability, suspension, and termination
Addressing contract management issues arising from these clauses
Day 5: Contract Management and Risk Assessment
Defining the role of contract managers and administrators
Examining methods to control third-party risk
Understanding consequential loss
Exploring the concepts of frustration of contract and Force Majeure
Concluding contracts and maintaining records
Certificate of Completion: Upon successful completion of the course, participants will receive a Certificate of Completion from Al-Majd Pathways Centre (APC) Certificate of Completion.