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Contract Drafting and Management

Thu, 19 Dec 2019 9:30AM - 5:00PM
The Lalit New Delhi
Rs 11210
76 people viewed this event.
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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 :

  1. 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.

  1. Clauses regulating the time of performance
  2. Limitation of liability clauses
  3. Indemnification clauses
  4. Time-barring provisions
  5. Payment provisions
  6. Restraint of trade clauses
  7. Clauses that deal with uncertainty by allowing one party to claim more time or more money.
  8. Termination
  9. Delay

  1. Writing clauses for business and commercial law 

  1. Clauses for financial terms

  1. Payment terms
  2. Processes for claiming payment
  3. Insurance
  4. Claims, penalties and damages
  5. Bonds

  1. Group exercise/case studies

  1. Evaluating contracts to identify some common mistakes and risky drafting
  2. Analyse promises and conditions
  3. Drafting termination provisions

  1. Drafting clauses that deal with disputes, breach and termination

  1. Clauses that cover cancellation of the contract
  2. Liquidated damages provisions
  3. Remedies clauses
  4. Dispute resolution clauses including clauses providing for:

    • Mediation
    • Arbitration
    • Adjudication

  1. Drafting in anticipation of future litigation

    1. Drafting for fact-finders
    2. Litigation provisions vs. Arbitration provisions
    3. Termination provisions: ensuring clarity
    4. Provisions that may outlive contract termination

  1. Recent case law and lessons for drafting
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Map & Directions

Map & Directions
The Lalit New Delhi Barakhamba Avenue, Near Modern School, Connaught Place Fire Brigade Lane, Barakhamba New Delhi, Delhi 110001
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