About this Course

Contracts are being used by every organisation, and having a good understanding of the principles and application is critical.

This course will focus on teaching contract principles and its application to contracts. How to look at the contract and what are the practical applications. Understanding the different application of law and its practise.

Objective

The course is focused on understanding and evaluating contract principles. In modern day context, understanding and evaluating contract issues is important before signing the contract. The course will focus on how contracts are formed and how it should be evaluated from a commercial and legal perspective.

This course is highly interactive with various case studies and practical sharing session during the course. Participants will be taught on how to evaluate and understand commercial issues better.

• Gain a better understanding of contract law principles
  
• Learn how clauses should be looked at from a commercial perspective
  
• Understand how to negotiate contracts successfully
  
• Learn the pitfalls when contract clauses are done
  
• Understand and deal with contract issues as they arise
  
• Detect problematic clauses in contracts and evaluate them
  
• Appreciate how contract law operates in the common law system
  
• Learn dispute resolving mechanisms and systems
  
• Evaluate contract law and understand how legal principles are formed
  

Course Outline

• Definition of contract and its existence
  
• Oral contracts and the difference between written contracts
  
• Offer and acceptance
  
• Consideration
  
• Intention to create legal relationship, certainty and completeness
  
• The terms of the contract
  
• The regulation of the terms of the contract
  
• Mistake
  
• Misrepresentation
  
• Duress and undue influence
  
• Privity of contract
  
• Illegality
  
• Performance and breach
  
• Frustration
  
• Damages
  
• Identifying Critical Terms in the Contract
  
• Resolving Disputes and Managing Issues
  

Who Should Attend

Contract Managers, Commercial Managers and Officers, Sales Managers, Purchasing/Procurement Managers and Officers, Project Managers and Executives, Business Development Managers, Operations Managers, Finance and Administration Managers, Company Directors

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