Managing Contractual Liabilities

Training course overview

Contracts give rise to a range of liabilities by parties assuming rights, responsibilities, duties and obligations, but which can be managed through contractual mechanisms. They are equally risk management tools which can provide for payment of the consequences of injury or damage to an organisation’s assets - its people and property - and of third parties. This Coventry Academy online training course focuses on principal contractual liabilities, and how risk can be managed through the use of indemnities. It further considers how (and who is best placed to procure) insurance to fund the consequences of various liabilities occurring. It also features the use of contract provisions to reduce the risk of disputes.

What are the goals?

By attending this online training course, you should achieve these goals:

• Understand How, When and If Contracts are Legally Enforceable
• Assess and Manage Key Contractual Liabilities
• Analyse the Way Indemnities Operate Across Industries
• Evaluate the Need and Use of Different Types of Insurance
• Compare Ways of Dealing with Claims and Disputes

Who is this training course for?

This Coventry Academy online training course is suitable for a wide range of professionals involved in procurement and contracting, and whether new or experienced in their roles. These may include:

• Project Managers
• Contracts Officers
• Supply Chain Staff
• Financial Professionals

Course Outline

Amongst a wide range of valuable topics, the following will be prioritised:

• Understanding How to Create Legally Enforceable Contracts
• Putting Key Contractual Risks and Liabilities in Context
• Dealing with Time and Other Performance Liabilities
• How the Risks Associated with Pricing and Payment Can Best be Managed
• Demystifying Indemnities - What Are They, How Do They Work
• Principal Types of Indemnity and Their Operation
• Purpose, Types and Limitations of Insurance
• Procuring Insurance and for Whom
• Using Negotiation as an Effective Tool to Manage Disputes
• Appraising Various Forms of Third-Party Dispute Resolution

The certificate

• A Coventry Academy e-Certificate of Attendance will be provided to delegates who attend and complete the course