About this Course

Every business relationship and success officially begins with an effective contract. Therefore, it is essential and important to understand the elements of drafting a commercial contract and the legal issues arising from contractual clauses. Without a clear understanding of the laws of the contract, you may be at risk of suffering a loss in the event of any disputes.

The course is to introduce participants to the importance of drafting and vetting commercial contracts. It is essential for individuals who are going to be involved in dealing with Contracts who need insights to deal with Contractual issues. Real Contract issues are discussed and cases and the way to deal with issues common in contract and the pitfalls will also be discussed.

Objective

By the end of the course, participants would have developed the approach to deal with issues of contracts. Drafting and vetting of contracts will be taught and participants will be given practical exercises and guidelines in approaching contracts as a whole.

Course Outline

• How can I protect my legal interest when signing a contract?
  
• What are the pitfalls in payment terms and what should be done?
  
• What is meant by limited liability clause?
  
• What must be done if a contract is to be terminated?
  
• What post termination clause must be included when the contract is terminated and why?
  
• How indemnity clause should be dealt with when negotiating contracts?
  
• Insurance and its role when signing contract
  
• Importance of negotiating contracts and what skills are critical
  
• How to make settlements and what issues to deal with?
  
• What issues to balance before commencing legal action for breach of contract?
  

Who Should Attend

Managing Directors, Company Directors, Sales Directors, Business Advisers, Bankers, Consultants, Contracts Managers, Programme Managers, Business Managers, Marketing Managers and Executives, Maintenance Managers, Project Engineers, Group Financial Controllers, Financial Controllers, Finance and Operation Executives, Company Secretaries, Administrators, Credit Executives, Accounts Supervisors, Executives.

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