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Training course overview
Contracts must clearly define the rights and responsibilities of all parties involved, as well as any obligations to third parties. While organizations rely on contracts to establish legal relationships, many disputes arise from vague or inconsistent drafting. In today's complex commercial environment, the ability to understand and draft contracts clearly is essential for organizational success. This Coventry Academy online training course focuses on the commercial and practical implications of key legal concepts in contract structuring. Participants will learn to identify potential risks and pitfalls in contract drafting, helping to minimize exposure to cost overruns, disputes, and performance failures. The course also provides practical guidance, tools, and techniques for negotiating contract terms effectively, reducing the risk of costly mistakes and unacceptable liabilities.
What are the goals?
By attending this Coventry Academy online 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 online 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
- A Coventry Academy e-Certificate will be provided to delegates who attend and complete the online training course
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