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Training course overview
Contracts should clearly set out and define parties’ rights and responsibilities both to each other, and to third parties. Organisations use contracts as the basis of their legal relationship, yet many legal disputes arise over their interpretation due to vague and inconsistent drafting. To meet the challenges of today’s commercial environment, the skill of both understanding contracts and being able to draft them clearly and unambiguously is vital to your organisation’s commercial success. Contracts can be used to minimise exposure to cost and time overruns, potential disputes, and provide forms of security for performance failures. This Coventry Academy training course focuses on commercial and practical implications of key legal concepts in structuring contracts and potential risks and pitfalls in their drafting, reducing the risk of costly mistakes and accepting unacceptable liabilities. It also offers guidance and practical tools and techniques in negotiating the terms and conditions of contract.
What are the goals?
By attending this Coventry Academy training course, you should achieve these goals:
- Learn How to Properly Structure Legally Enforceable Contracts
- Understand the Use and Effects of Language, Words and Phrases
- How to Use Contract Provisions to Manage Risk, Rights and Responsibilities
- Analyse How Best to Securitise Performance
- Develop New or Enhanced Skills in Negotiating Contracts
Who is this training course for?
This Coventry Academy training course is suitable for a wide range of professionals involved in all elements of Contracting, and whether new or experienced in their roles. These may include:
- Contracts Officers
- Supply Chain Staff
- Sales and Marketing Personnel
- Finance Professionals
Course Outline
Day One: The Commercial Use of Contracts
- The purpose of Legal Agreements
- Turning Agreements into Binding Contracts
- Controlling Risk using Different Types of Contract
- Contract Models and Templates
- Interim agreements: Letters of Intent and similar tools
- Choice of Law, Forum and Jurisdiction
Day Two: Contract Drafting as Writing
- The drafting process
- Developing a suitable Contract Structure
- Defined Terms and Principal Sections
- Boilerplate Provisions
- Style and Type of Language
- Common Words and Phrases
Day Three: Rights and Obligations – the Main Clauses
- Delivery, Performance and Acceptance
- Clauses that manage Risk
- Contract change terms
- Price and Payment
- Bonds, Guarantees, Warranties
- Intellectual Property rights
Day Four: How can Things Go Wrong?
- Contract Default
- Liquidated Damages and Penalties
- Limits/Exclusions of Liability
- Force Majeure
- Indemnities and Insurance
- Suspension and Termination
Day Five: Negotiation and Resolution of Disputes
- Negotiation – Tools and Techniques
- Dispute Resolution clauses
- Litigation and Arbitration
- Mediation and other Alternative Dispute Resolution methods
- Tips and traps in contract development
- Training course summary and review
The certificate
*Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course
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