17 - 21 Feb 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5250 € Euro
Commercial contracts are the backbone of business transactions, defining rights, obligations, and expectations between parties. Understanding these contracts is crucial for professionals across various roles, even if they are not legal experts. This intensive 5-day training program is designed to equip non-lawyers with the knowledge and skills necessary to confidently navigate commercial contracts, from drafting and negotiation to contract management and dispute resolution.
Comprehensive Understanding: Gain a thorough understanding of commercial contracts' fundamental principles and elements.
Advanced Drafting Skills: Develop proficiency in drafting clear, precise, and enforceable contract terms and clauses.
Effective Negotiation Techniques: Learn strategies for negotiating favorable contract terms while managing risks and maintaining relationships.
Contract Management Mastery: Acquire skills to administer contracts, monitor performance, and resolve disputes effectively.
Practical Application: Apply learned concepts through case studies, simulations, and practical exercises to reinforce learning and improve decision-making.
This program is ideal for professionals who regularly engage in business transactions or contract-related activities but do not have a legal background. It is particularly beneficial for:
Business Managers and Executives: Responsible for overseeing contracts and ensuring compliance.
Project Managers: Involved in negotiating and managing contracts for project execution.
Procurement and Supply Chain Professionals: Engaged in purchasing, vendor management, and contract administration.
Entrepreneurs and Small Business Owners: Need to understand and draft contracts to protect their interests and minimize legal risks.
Day 1: Foundations of Commercial Contracts
Overview of commercial contracts
Importance of contracts in business operations
Legal principles governing contracts
Key elements of a contract: Offer, acceptance, consideration, legality, capacity, and consent
Day 2: Contract Formation and Structure
Understanding contract formation
Types of contracts: Express vs. implied, bilateral vs. unilateral
Drafting essentials: Structuring contracts effectively
Practical exercise: Drafting simple contract clauses
Day 3: Advanced Contract Drafting Techniques
Clarity and precision in contract language
Handling boilerplate clauses effectively
Drafting specific clauses: Indemnification, warranties, limitations of liability
Practical exercise: Drafting and reviewing complex contract clauses
Day 4: Negotiation and Risk Management
Techniques for Effective Contract Negotiation
Identifying and managing contract risks
Negotiating key terms: Price, scope, deliverables, timelines
Case study: Simulated negotiation exercises
Day 5: Contract Administration and Dispute Resolution
Implementing contracts: Execution and performance
Monitoring contract performance and compliance
Resolving disputes: Mediation, arbitration, litigation
Case studies and role-playing: Handling contract disputes