Description
Who Should Attend?
This course is aimed at anyone in any commercial or project management position looking to gain insights into the drafting, interpretation, and management of contracts.
About The Program
A contract is required when two companies want to do business with each other. The contract specifies the activities and the terms which each partner needs to fulfill as part of their agreement. It is a powerful tool that can create a strong business relationship and pave the road to greater profitability over the long term. If not well planned and prepared, contracts can affect business profitability due to simple technicalities that may have been missed during the contracting process.
By learning the fundamental requirements of managing contract creation, execution and analysis, organizations can maximize their operational performance while reducing financial risk and building business relationships.
Course Objectives
- To learn the contract management process
- To gain a broad understanding of contracts, their anatomy and terminology
- To review the drafting and interpretation of specific contract clauses, using real examples
- To learn the contract language for non-legal
What You Will Gain
- The different languages in a contract and ways to interpret the terms in a contract
- The causes of poor contract management practices, and how to avoid them
- The techniques that make a contract enforceable
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