This workshop gives non-lawyers essential tools in developing and drafting contract terms. We consider both the ‘boilerplate’ terms that you can expect to include in all your contracts, structures, and some specific clauses that have particular application in particular contracts. Delegates can expect to gain the skills needed to protect the interests of their organisation while building open, sound relationships with their contracting parties.
Participants will learn about how their word choices impact on the rights and obligations of the parties and will practice drafting clauses. They will gain an understanding of what to include in their contracts and why they are including these matters.
Key Learning Outcomes
Gain a practical commercial understanding of contract law principles
Develop a working knowledge of key legal terms in contracts & the thinking behind them
Understand the legal & commercial impact of specific terms & conditions
Appreciate the legal effect & risks that come with each contract
Learn to identify legal & contractual issues in contracts
Gain a foundation for the successful negotiation of contracts
Be well-equipped to understand, explain & manage business contracts
Identify problematic clauses in contracts
Identify legal risks in a commercial transaction
Make better commercial decisions, with a better understanding of contract law
Communicate more effectively with executives handling contracts
Who Should Attend
Managers, executives, businessmen, deal makers, contract negotiators, contract managers, customer account managers & relationship managers, project managers, supplier and procurement managers, and anyone who has to negotiate, manage, transact with, or resolve disputes with third parties.
Topics Covered :
Drafting clauses that require particular attention
Most claims and disputes have timing problems at their heart. In this session, we focus on some of these problems.
Clauses regulating the time of performance
Limitation of liability clauses
Restraint of trade clauses
Clauses that deal with uncertainty by allowing one party to claim more time or more money.
Writing clauses for business and commercial law
Clauses for financial terms
Processes for claiming payment
Claims, penalties and damages
Group exercise/case studies
Evaluating contracts to identify some common mistakes and risky drafting
Analyse promises and conditions
Drafting termination provisions
Drafting clauses that deal with disputes, breach and termination
Clauses that cover cancellation of the contract
Liquidated damages provisions
Dispute resolution clauses including clauses providing for: