PROGRAM OBJECTIVES
At the end of this program, participants will be able to:
- Understand the fundamental principles of contracting.
- Draft clear and enforceable contracts.
- Negotiate contract terms effectively to protect business interests.
- Manage the execution of contracts efficiently.
- Ensure performance compliance in contractual agreements.
- Identify common contract issues.
- Address and resolve disputes related to contracts.
TARGET AUDIENCE
- Business Managers.
- Entrepreneurs.
- Contract Administrators.
- Legal Assistants.
- Procurement Officers.
- Personnel involved in contract management.
- Individuals seeking to enhance contract management skills.
DAY 1: Understanding Contract Formation
- Fundamental principles of contract law.
- Key components of a legally binding contract.
- Various types of contracts and their uses.
- Frequently used terms and provisions in contracts.
- Real-world examples of how contracts are formed.
DAY 2: Crafting Effective Contracts
- Strategies for writing clear and concise contracts.
- Organising contracts for clarity and enforceability.
- Important provisions in contracts: warranties, indemnities, and termination clauses.
- Avoiding typical drafting mistakes and traps.
- Hands-on activities for contract drafting practice.
DAY 3: Negotiation Techniques
- Successful strategies for negotiating contracts.
- Recognising and prioritising crucial negotiation issues.
- Methods for achieving win-win outcomes.
- Ethical considerations during contract negotiations.
- Groups activity.
DAY 4: Executing Contracts
- Procedures for correctly executing contracts.
- Overseeing contract performance and obligations.
- Ensuring compliance with contractual terms.
- Managing amendments and modifications to agreements.
- Best practices for contract execution and oversight.
DAY 5: Addressing Contractual Issues
- Common challenges and conflicts in contracts.
- Approaches for resolving contractual disputes.
- Legal remedies and enforcement options for contract terms.
- Exploring alternative methods for dispute resolution.
- Case studies on resolving contract disputes.