Legal Aspects Of Contracts
-
COURSE DATES AND LOCATIONS
DATE
Duration
LOCATION
FEES
Book Now
-
INTRODUCTION
This Legal Aspects of Contracts course is designed to give a clear understanding of the role of law and its impact on the purchasing & supply of goods and services. The detailed program enables delegates to improve their understanding of legal aspects of purchasing, as well as their ability to apply this knowledge to control exposure to risk.
Practical advice and examples are provided on how to set up more robust contracts and manage the process of contract formation.
This Legal Aspects of Procurement course is designed to give a clear understanding of the role of law and its impact on the purchasing & supply of goods and services. The course enables delegates to improve their understanding of legal aspects of purchasing, as well as their ability to apply this knowledge to control exposure to risk.
-
COURSE OBJECTIVES
By the end of the course, you‘ll be able to:
- Understand contracts terms and conditions.
- Identify Legal Aspects of Contracts and Contracts Risk Management and Compliance
- Understand How contracts can be developed
- Define Different contracting structures
- Understand and apply Arbitration And Dispute Resolution.
- Learn the most important legal aspects of procurement contracts
- Prepare contract preparation
- Ability to analyze offers for external procurement and development of management skills
- Address and tackle problems arise from contracting and contract execution
- Discuss the most important dynamic aspects involved in negotiation processes
- Study new principles to determine the appropriate negotiating strategy with suppliers to reach the best contracting formulation
-
COURSE AUDIENCE
This course is made for
- Purchasing managers
- Sales and Marketing managers
- Logistics officers
- Compliance officers
- Supply chain managers
- Brand managers
-
COURSE OUTLINE
Day One
Origin of Laws
-
- Principal sources of law
- Different legal systems in international contracts
Procurement Contracts
-
- Importance of a contract
- Contract definition
- Elements of a contract for it to be valid and enforceable
- Classifications of a contract
- Important civil code provisions on contracts
- Basic considerations in contracting
- The process of contract formation
Day Two
Law on contracts and obligations
-
- Obligations arising from contracts
- Rules on fraud and other practices
- Extinguishment of obligations
- Breach of contract
- Defense to performance by either party
- General provisions of damages
- How to avoid contractual default
- Methods of settling contract disputes
Day Three
Applicable Incoterms
-
- What are Incoterms?
- Purposes of Incoterms
- Responsibilities of buyers and sellers
- Transfer of risks
- Transfer of loss
- Transfer of ownership
- Common Incoterms used in procurement contracts
Day Four
Contract preparation
-
- Major issues in preparing contracts
- What makes a good contract?
- Types of contracts
- Applicable laws
- Selecting the right Incoterms
- Applicable clauses to be included in each type of contracts
Day Five
Contract administration
-
- Goals of contract management
- Factors required for a formal contract management plan and the appropriate approaches to contract management
- Issues on contract completion and contract termination
- Factors that would avoid contract mismanagement
- Conditions affecting the success of a service contract
