The Essentials of Contracting and Contract Dispute Resolution
Select Other "city & date"
The Essentials of Contracting and Contract Dispute Resolution Course
Introduction:
Organizations experience substantial financial gains or losses on a daily basis due to the contractual terms and conditions governing their purchases of goods, equipment, and services.
Given that contractual relationships govern all business activities, it has become crucial for individuals engaging with external organizations to possess a solid understanding of securing the most advantageous agreements for their respective organizations.
The Essentials of Contracting and Contract Dispute Resolution training course is specifically designed to enhance delegates' ability to negotiate contracts effectively. The course equips participants with a diverse set of interpersonal skills and cultivates an appreciation for essential elements such as planning and objective setting in negotiations. By attending this training, delegates will develop the necessary skills and knowledge to navigate the complexities of contracting and effectively resolve contract disputes.
Course Objectives:
By attending this The Essentials of Contracting and Contract Dispute course you will gain the knowledge and skills to:
- Understand how contracts are formed
- Explain how to use contract provisions to reduce the risk of disputes
- Understand the impact dispute may have on relationships over the long term
- Describe the use of strategies to resolve the causes of disputes
- Improve appreciation of legal issues in contracts and develop new skills in negotiation.
Who Should Attend?
The Essentials of Contracting and Contract Dispute Resolution training course is Ideal for:
- Contracts & Contracting Unit Personnel
- Project Professionals
- Procurement & Purchasing Personnel
- Commercial Professionals
- Anyone involved in the management of risk
Course Outlines:
Importance of Contracts, and How to Prepare?
- Need for contracts and how to prepare
- Laws and regulations in a contract
- Understanding the tender process
- Concept of Law of Agency (Agency Authority)
- Methods of strategic sourcing (alternative sourcing strategies)
Documents for Security/ Guarantee
- Understanding of the concept of bonds and guarantees
- Security/guarantee documents for parent company
- Insurance policies relating to contract
- Importance of financial security
- Performance security in a contract
- Letters of intent in a contract
Format/Layout of a Contract
- Different forms of agreement
- How to put the terms and conditions in a contract
- Different types of contract for a project
- Contract for International Trade ( title ownership) and risks associated with it
- Reaction and preparation of notices
- Understanding the legal process
Amendments/Change to Contract Documents
- Change in clauses to a contract
- How changes in work affect the project contract?
- How to manage claims? , understanding the reason for claims
- How delay in project affect the project contract?
- Understanding and distinguishing between “Novation” and “Assignment” in a contract
Resolving Conflicts/Disputes in a Project Work
- Understanding how and when disputes occur
- How to avoid conflict ?
- Understanding how to negotiate and mediate
- Understanding the concept of “Litigation” and “Arbitration”
- Novel practices of dispute management
Resolving Differences and Difficult Situations
- The negotiator as a mediator in the process
- Handling difficult negotiators
- Negotiation case study
- Team allocation and simulation exercise
- The Do’s and Don’ts of Negotiating
- Improving what we do - action planning