1 - 5 Sep 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5500 € Euro
In today’s complex and fast-paced business environment, effective contract management is critical to operational success, risk mitigation, and strategic advantage. Contracts form the backbone of commercial relationships, and their proper administration ensures not only compliance with agreed terms but also that value is delivered and liabilities are minimized.
The "Contract Management: Understanding and Applying Contractual Obligations" training program—designed by Global Horizon Training Center—equips professionals with the knowledge and tools to manage contracts throughout their lifecycle with a specific focus on understanding, interpreting, and enforcing contractual obligations. This program bridges legal theory with practical execution, enabling participants to identify key contractual risks, apply legal principles effectively, and ensure that obligations are fulfilled in accordance with business objectives.
By the end of this training program, participants will be able to:
Understand the purpose and scope of contract management in business.
Identify and interpret key contractual obligations and enforceable terms.
Develop a framework for effective contract governance.
Apply risk assessment techniques to contract terms and conditions.
Monitor and manage contract performance in alignment with obligations.
Resolve issues and disputes arising from unfulfilled or unclear contractual duties.
This course uses a mix of:
Instructor-led presentations with expert legal and commercial insights.
Group workshops for interpreting and applying contract clauses.
Case studies from international commercial and public-sector contracts.
Interactive discussions on real-world contract failures and successes.
Role-playing exercises simulating negotiations and dispute resolution.
Organizations that equip their staff with contract obligation expertise will:
Reduce exposure to legal and financial risks from misinterpreted contracts.
Improve the consistency and performance of vendors, partners, and internal teams.
Strengthen internal control and compliance through better obligation tracking.
Achieve higher value from commercial agreements by holding parties accountable.
Avoid disputes and litigation through proactive issue identification and resolution.
This course is designed for:
Contract managers and administrators
Procurement and supply chain professionals
Project and operations managers
In-house legal counsel and compliance officers
Business development and commercial professionals
Anyone responsible for managing, reviewing, or enforcing contracts
Day 1: Fundamentals of Contract Management and Obligations
Introduction to contract management principles
The contract lifecycle and its strategic importance
Types of business contracts and their structures
Legal framework and enforceability of obligations
Understanding rights vs. obligations in contracts
Day 2: Analyzing and Interpreting Contractual Obligations
Common clauses and their implications (payment terms, delivery, penalties, indemnities, etc.)
Techniques for interpreting legal language
Identifying express vs. implied obligations
Allocating risks and responsibilities contractually
Case examples: contract failures due to unclear obligations
Day 3: Managing and Monitoring Performance of Contractual Obligations
Developing KPIs and performance standards linked to obligations
Tools for obligation tracking and reporting
Managing service level agreements (SLAs) and deliverables
Mid-contract changes: variations, addenda, and scope adjustments
Documentation and audit readiness
Day 4: Contract Risk Management and Dispute Resolution
Identifying and mitigating contractual risks
Handling non-performance and breach of obligations
Remedies for breach: damages, termination, specific performance
Mediation, arbitration, and litigation basics
Preparing for and participating in dispute resolution processes
Day 5: Practical Application and Case Studies
Group exercise: obligation analysis of a sample contract
Role play: managing a contract performance dispute
Best practices for communication and stakeholder alignment
Developing your contract obligations compliance checklist
Wrap-up, action planning, and Q&A session