PROGRAM OBJECTIVES
At the end of this program, participants will be able to:
- Understand the principles of contractual liability.
- Identify potential liabilities in contracts.
- Assess the impact of identified liabilities on contract performance.
- Develop strategies to manage contractual risks effectively.
- Mitigate risks associated with contractual agreements.
- Gain proficiency in drafting liability terms in contracts.
- Enhance skills in negotiating liability clauses and resolving related disputes.
TARGET AUDIENCE
- Contract Managers.
- Legal Professionals.
- Procurement Specialists.
- Risk Management Officers.
- Business Executives.
- Project Managers.
- Stakeholders in Contractual Agreements.
DAY 1: Fundamentals of Contractual Liability
- Introduction to the principles of contractual liability.
- Categories of liabilities in contracts - direct, indirect, and consequential.
- Legal frameworks that govern contractual liability.
- Essential components of liability clauses.
- Case studies illustrating scenarios of contractual liability.
DAY 2: Identifying and Assessing Contractual Liabilities
- Methods for spotting potential liabilities within contracts.
- Evaluating the effects of liabilities on contract performance.
- Approaches to risk assessment.
- Tools for measuring exposure to contractual risks.
- Hands-on activities focused on assessing liabilities.
DAY 3: Managing and Mitigating Contractual Risks
- Approaches for handling contractual liabilities.
- Methods for reducing risks through contract stipulations.
- Crafting thorough risk management strategies.
- Ensuring adherence to contractual responsibilities.
- Examples from the field of risk management in contractual agreements.
DAY 4: Drafting and Reviewing Liability Clauses
- Recommended practices for composing clear and enforceable liability clauses.
- Analysing and interpreting liability provisions in contracts.
- Balancing risk distribution between contracting parties.
- Strategies for negotiating liability provisions.
DAY 5: Dispute Resolution and Liability Management
- Approaches for settling disputes related to contractual liabilities.
- Alternative mechanisms for dispute resolution.
- The role of mediation and arbitration in liability conflicts.
- Strategies for reducing liability through effective dispute resolution.
- Case studies demonstrating successful management of liabilities and dispute resolution.
