Project, Contract

Training Course: Contract Management: Understanding and Applying Contractual Obligations


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PC236005

27 - 31 Oct 2025

Madrid (Spain)

Hotel : Pestana CR7 Gran Vía

Cost : 5500 € Euro

Introduction

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.

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.

Course Methodology

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.

Organizational Impact

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.

Target Audience

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

Outlines

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

Project, Contract

Training Course: Contract Management: Understanding and Applying Contractual Obligations


Register Now
Quick Inquiry
Discount Group Download Brochure  

PC236005

27 - 31 Oct 2025

Madrid (Spain) - Pestana CR7 Gran Vía

Hotel : Pestana CR7 Gran Vía

Cost: 5500 € Euro


  About Madrid

Madrid is a city that combines its enduring history with its cosmopolitan atmosphere to create a destination that favored amongst tourists from around the world. This is a city that is very much bursting at the seams with life and its vibrant atmosphere, cultural attractions and connection with history ensure travelers have everything they could possibly want from a European city break. At the end of a flight to Madrid, there are sites to see, picturesque streets to roam and, of course, excellent shopping opportunities to explore. Visitors can immerse themselves in Madrid's fantastic local culture, its peerless art scene and world acclaimed fine dining. In fact, there is very little that Madrid doesn't have to offer.


  Things to do and places to visit in Madrid

The only problem travelers will encounter during their visit to Madrid is knowing what to do first. Sampling the mouth-watering tapas, strolling through one of the many excellent museums or even simply soaking up the atmosphere are all excellent options. Spend a sunny day wandering through the splendid squares or marvel at the intricate architecture of the churches.With so many options, flights to Madrid are great for people of any age or inclination.

When visiting Madrid, be sure to:

  • See the superb collection of art is the Museo del Prado.
  • Stroll down the Gran Via.
  • Enjoy the atmosphere of the Plaza Mayor.
  • Wander through the stunning gardens of the Parque del Buen Retiro.
  • See the beautiful mansion of the Museo Lazaro Galdiano.
  • Find quirky fashions in the Fuencarral market.
  • Try some of the many different tapas dishes.
  • Visit the statues of Don Quixote and Sancho Panza in the Plaza de Espana.
  • See the breathtaking Basilica de San Francisco El Grande.
  • Wander the Casa de Campo park, which is five times the size of Central Park.
  • Shop in the luxury boutiques of the Golden Mile.
  • Look for bargains at the El Rasto flea market.
  • See Picasso's Guernica in the Reina Sofia museum.
  • Snack on churros with chocolate.
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