Introduction
This GLOMACS training course is designed to equip contract managers, legal officers, contract negotiators, administrators and anyone involved with legal contracts with a detailed understanding of commercial contracts, their management, remedies and damages.
Learning how to be a better legal and contract operational specialist will enable you to progress in your career, while permitting your organisation to gain the maximum benefit from your skills within your chosen sector.
This highly interactive training course is tailor-made for legal and contract management professionals in a variety of sectors and will help you to understand how successfully to maximise your business specialisms in some of the world’s most challenging environments.
Objectives
This training course will examine:
- A comprehensive legal overview, including an introduction to key definitions, structures and the various different forms of contract
- A detailed analysis of how a contract is formed
- The issues and challenges associated with the drafting and management of commercial contracts
- Procurement issues, contract award, closeout and handover
- Risk management, performance, conflict and change management
- An in-depth examination of contract enforceability
- Ways in which contracts can be avoided and remedies for breach
- The meanings and application of misrepresentation, termination and force majeure
At the end of this training course, you will learn to:
- Devise and draft a fully-featured, bullet-proof commercial contract
- Understand various remedies to enable the enforcement of contractual terms and conditions
- Appreciate the role of the Courts, arbitration and mediation in the interpretation of contractual terms
- Plan an exit from a commercial contract with minimal negative impact
- Predict and calculate various types and amounts of contractual and other damages
- How to interpret contractual terms to maximise organizational benefit
- Undertake effective contract handover, transition and closeout
- Solve common contract management problems, including risk transfer & mitigation
Training Methodology
Delegates will be involved in a highly interactive learning environment, learning how to identify the tips and tricks that professional contract writers & negotiators use to maximise the benefit to their organisation.
Training course methodology will include handouts, flipcharts, questions and participation from participants, as well as the course tutor posing a series of scenarios and both real-world & theoretical examples.
Organisational Impact
Organisations will gain the following from attendance by their key staff:
- An understanding of how to devise sector-specific contract frameworks
- An ability to implement their negotiating expertise
- How to address, transfer and mitigate critical risks
- Skills enhancement within the post-award contract management phase
- A greater insight into the legal workings of the commercial sector
- A specialist appreciation of each element of the commercial contractual process
- The difference between – and relevance of – primary legislation, secondary regulations and tertiary contractual obligations
- The trade-off and organisational balance between contractual and tortious obligations and liabilities in a commercial environment
Personal Impact
Participants will gain:
- An enhanced knowledge of legal theory, with direct practical relevance to the commercial environment
- An appreciation of legal and regulatory mechanisms affecting the commercial sector
- Practical understanding of how to apply their legal knowledge to their everyday contractual environment
- Which legal tools to leverage to give the best results in the commercial and contract management landscape
- The value of good legal knowledge in a practical environment
- How to deal with a contractual crisis, both pre and post-award
Who should Attend?
The GLOMACS training course is designed to benefit existing and newly appointed legal department personnel, directors and other staff in the commercial sector.
In particular, the following will find it invaluable:
- Those new to the commercial contract sector
- Existing personnel in the sector, who are migrating to a legal and/or contract related job role
- Contract or legal department staff looking to gain a greater insight into the sector
- Staff wishing to understand how the legal frameworks governing contractual obligations & responsibilities affect their job function
