Two Day Effective Contract Management Course: Essential Knowledge, Tools and Processes - London, United Kingdom - June 13th-14th, 2019

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Feb 25, 2019, 09:15 ET

DUBLIN, Feb. 25, 2019 /PRNewswire/ -- The "Effective Contract Management" conference has been added to ResearchAndMarkets.com's offering.

A comprehensive understanding of the terms and conditions of a contract, where flexibility can be applied and where risk is probable, is vital to the effective management and administration of the agreement.

This interactive two-day programme examines the contract after it has been signed, when it cannot be revised and has to be implemented as written. It focuses on giving you the necessary knowledge, tools and processes to be able to read and review contracts.

The course will give you the understanding and skills to communicate to others, internally and externally, the as sold' contract meaning to ensure that all promises are completed and that all parties remain within the protection of the legal agreement and go in with their eyes open about the possible risks, liabilities and consequences if promises are broken.

You will learn how to apply a logical, systematic and comprehensive approach to reading, managing and implementing a contract so that you are confident and fully appreciate what is required of you, your team and the other contracting party(ies) to satisfy the legal obligations laid out in the contract.

Who Should Attend:

Project managers
Compliance managers
Business development managers
Contract administrator
Commercial officer
Sales manager
Contracts managers
Commercial managers

Agenda:

Day One

Module 1: Before work commences - reviewing the contract

Ensuring your contract is legally binding ton deliver protection intended in a court of law

What is required for a contract to be legally binding?

LILAC-Legality,Intent,Legalcapacity,Agreement,Consideration

Offer and acceptance - battle of the forms process
Invitation to treat

Roughorderofmagnitudeprice'
Subject to mutually agreed terms and conditions'

Letter of Intent, Authority to Proceed, Heads of Agreement
Legal status of a verbal vs a written contract
Acceptance in writing, verbally or by conduct
Power of attorney

PRACTICAL EXERCISE: LILAC and Co-op

Checking the procedural clauses

Complete agreement/entire agreement clause
Order of precedence of legal documents
Change control/amendment clause
Authorised representative
Notices
Waiver
Dispute resolution: law and jurisdiction of the contract - courts vs arbitration

Reviewing the express terms and identifying if, and how, they amend or deviate from implied terms

PRACTICAL EXERCISE: Silence

Establishing clarity of promises of contracting parties

The promise' clauses - the what'
Description of scope of work/specification, including:

Promises made by the customer
Dependencies on the customer
Use of subcontractors
Acceptance criteria/measurement mechanism

Intellectual property ownership and confidentiality/publicity clauses
Timing of delivery
Reasonable' rule in English contract law
Not renegotiation but clarification
Interpretation

PRACTICAL EXERCISE: Storyboarding - issues log (legal promises /obligations of supplier) and dependency log (legal obligations /promises of customer)

Determining the extent of commercial risk and liabilities

Risk management: Stage 1 - identification
Storyboarding

Identifying what is required and what can potentially go wrong
The pessimistic approach

PRACTICAL EXERCISE: Storyboarding - creating a risk register, identifying all the potential risks and which of the contracting parties is responsible/liable for which risks

Day Two

Understanding the consequences

Is there a risk of termination of the contract if a party breaks their promise/ breaches the contract or simply changes their mind?

The expression terms and conditions'
Compensation
Termination for convenience

Who are the contracting parties liable to?

Makingaclaimagainstthesignaturesofacontract?
Parityofcontract
Rights of Third Parties Act

Consequences of failure to satisfy contractual obligations/breach the contract

Passing commercial risk/liability with disclaimers, exclusion and indemnity clauses
Limiting commercial risk/liability with limit of liability clauses
Unfair Contract Terms Act

Liability also in tort/civil law. Cake and eat it' clauses
Duration of your liability? Limitation Act

CONTRACT REVIEW EXERCISE: Delegates will be given a tool kit' to assist them in identifying commercial risk within a signed contract and then will re-evaluate their original risk register to determine whether, as a result of the contract, any of the risks move ownership

Managing the commercial risk

Risk management: Stage 2 - evaluation

PRACTICAL EXERCISE: Traffic light analysis exercise, probability and impact (cost and schedule)

Module 2: Proactive management of commercial risks after commencement

Making contingency plans

Risk management: Stage 3 - mitigation/contingency planning

Solutions not problems attitude
Optimum outcome if best' outcome is not possible
Moving the project forward - practical remedies when one of the contracting parties fails/breaches their contractual obligations
Supplier remedy and solutions

PRACTICAL EXERCISE: Risk management planning/settlement zone

Ensuring you keep to budget and satisfy contractual obligations

Internal communication of the as sold' contract to ALL of the project team - Applynomore,noless'rule
Ensuring capacity and capability to deliver
Proactively managing all subcontractors
Proactively managing the dependencies' on the customer
Ensuring any changes/amendments/variations are incorporated
The dangers of review meetings/informal changes

For more information about this conference visit https://www.researchandmarkets.com/research/zlfbl9/two_day_effective?w=5

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Research and Markets
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[email protected]

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SOURCE Research and Markets