Advanced Contracts, Project Risk Management & Compliance
01/11/2024Advanced Interpersonal Communication Skills
02/11/2024Mastering Contract Management and Formulation
£4,000.00
Overview:
This comprehensive program is designed to equip participants with the critical skills needed to effectively manage contracts from start to finish, covering formulation, negotiation, performance management, and termination. The course also explores the transformative impact of digitalization and sustainability on contract management, providing a forward-looking perspective that prepares participants for a dynamic career in the field.
Program Objectives:
By the end of the course, participants will be able to:
- Grasp the essential principles and lifecycle of contract management
- Formulate and draft contracts strategically to align with business goals
- Navigate contract negotiation, execution, and administration with confidence
- Oversee contract performance, manage changes, resolve disputes, and handle contract closure
- Understand emerging trends such as digitalization and sustainable contracting for future-ready skills
Target Audience:
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- Contract managers and professionals aiming to enhance their expertise
- Business managers and executives involved in contract-related decisions
- Lawyers and legal professionals seeking insights into contract management
- Business students focusing on contract law and management
- Consultants advising on business contract strategies
Program Outline:
Day 1: Fundamentals of Contract Management
- Key Concepts: Defining contracts, types, and significance in business.
- The Contract Lifecycle: Key phases and activities.
- Roles and Responsibilities: Contract manager, stakeholders, and legal team.
- Legal Principles in Contract Law: Offer, acceptance, consideration, and legality.
Day 2: Effective Contract Formulation
- Contract Strategy Development: Aligning contracts with business objectives.
- Essential Components of Contract Creation: Legal and practical requirements.
- Drafting Techniques: Ensuring clarity, precision, and proper language use.
- Review Process: Strategies for effective review and role of legal counsel.
Day 3: Negotiation and Execution of Contracts
- Techniques for Successful Negotiation: Preparation, skills, and reaching agreement.
- Contract Execution: Signing processes, witnesses, and legal considerations.
- Administration Essentials: Document management and communication protocols.
- Managing Contract Risks: Identifying, assessing, and mitigating contract risks.
Day 4: Overseeing Contract Performance
- Performance Monitoring: Key performance indicators, audits, and reviews.
- Managing Changes: Handling variations, amendments, and contract renewals.
- Dispute Resolution Techniques: Mediation, arbitration, and litigation processes.
- Contract Termination: Understanding causes, procedures, and consequences.
Day 5: Preparing for the Future of Contract Management
- Digital Transformation in Contracting: CLM systems, e-signatures, and AI applications.
- Sustainable Contracting: Integrating social and environmental aspects.
- Future Competencies: Skills for contract managers in the digital era.
- Career Development in Contract Management: Essential skills, roles, and certifications.