Most projects and business performed by companies involve the use of contracts. In many cases the people tasked with ensuring delivery on those contracts are not always those involved in setting up the contract nor are they always informed of the implications of some of the terms and conditions a contract can have in terms of the likelihood of satisfying the expectations of delivery. Consequently, this course is aimed at assisting companies to ensure that they understand contracts proposed to them or are able to best formulate contracts issued by them.
The workshop will cover
- Purpose and objectives of contracts
- Contract types
- Penalties and incentives
- Terms and conditions
- Payment terms and their implications
- Forward cover
- Contracts law
- Performance, non-performance and possibility of performance
- Confidentiality and non-disclosure agreements
- Breach of contract
- Remedies for contract breach
- Contract termination
- Arbitration and dispute resolution
- Service Level Agreements (SLAs)
- Tender processes
- Consortia and multiple suppliers
Key Benefits
- Gain understanding of contract terms and conditions
- Understand the implications of contract clauses
- Learn how to protect your organization from one-sided contracts
- Understand key elements of contract law
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