Contract Drafting & Management CALL 9582242974

Program Objective:
No contract will be successful unless – it is under-pinned by sound contract management and administration. More often than not it is the support tea m involved in the background of a contract that ensures it is a success.
This course will help you to understand how the effective drafting & management of a contract can deliver the goals it set out to achieve.
Program Outcome
At the end of the course delegates will:
• Able to draft the contract from
( a) Scratch and (b) modify the Contract template
Understand the contribution that contract administration can deliver
• Be better able to minimize contractual risk
• Manage change during the contract from a risk and legal perspective
• shall be able in making Negotiation strategy
• Understand and draft contractual terms and conditions
• Have identified all the benefits of alternative dispute resolution methods
Topics Covered
This course will cover the following key topics:
1. Understanding the legal environment
• Basic legal principles
• Risks for a valid contract
• Conditions and warranties
• Making the contract
• Offer and acceptance
• Statute law affecting contracts
2. Drafting the contract
• Drafting starts with effective thinking
• The key objective
• Communication and the barriers to overcome
• The craf t of contract drafting
• Closing loopholes
• Defined terms; precise language (Contract drafting Tips)
• The specific and the general
• Termination clauses
• Traps for the unwary
3. Some contract scenarios
• The enquiry and the bid
• Time and materials
• Fixed price
• Pricing or associated costs
4. Contract terms and conditions
• How to deal with the ‘small print’
• Consortia, joint ventures and collaborations
• Choices of law and jurisdiction
• Force majeure and its implications
• Time is of the essence
5. Effective administration techniques
• What is the purpose of the contracts function?
• The extent of its involvement; what is needed?
• Terms of reference
• Early warning systems
• Some maxims of contract administration
6. How to obtain legal remedies
• The advantages and disadvantages of litigation and ADR
• Choosing the appropriate method of redress
• Obtaining redress while the contract is operating
Methodology & Certificates-
• Demonstration of actual documents, Lectures & Interaction
• A Certificate of participation will be presented to the participants
Faculty:
Fees & Batch Details
1Day (8 hrs): 9:30 AM to 5:30 PM
(Please Bring your Charged Laptop).
Interested in
This Training & want to enroll ?
Enrollment Process-