Gone are the days where procurement agreements are easy to understand negotiate and draft. In a highly complex world of international commerce and trade, having a good understanding of procurement agreement is vital.

During the one day course, participants will be taught the various skills on how procurement agreement will be secured and including other techniques how to draft and vet a procurement agreement. The one day course will consist of practical discussion, case studies, and negotiations exercises to better illustrate to participants on how Procurement Agreement can be secured.

Learning Outcomes:

At the end of the course, participants will be able to:

• Appreciate How Procurement Agreements is to be examined and constructed
• Understanding Standard Boiler Plates and Issues
• Common pitfalls in understanding procurement agreements
• Structuring issues and finding solutions when enforcing Procurement Agreements

Course Outline:

The essentials of a procurement agreement

• Key points to note in  a procurement agreement
• How are procurement agreement structured
• The challenges in structuring procurement agreement

Evaluating the risk and issues in a procurement agreement

• Definition of risk in procurement agreement
• Weighing the practical consideration in a procurement agreement
• The key points to note when considering the risk in a procurement agreement

Key Contracting Terms in a Procurement agreement

• Key terms in a procurement agreement
• What are the key clauses in a procurement agreement
• What to look out when looking at the procurement agreement

Indemnity & Warrant Clauses in a Procurement agreement

• Definition of an indemnity clause
• How indemnity clause should be negotiated.
• Key points to look after an indemnity clause has been negotiated

Role of insurance in contracts In a Procurement agreement

• Interpreting insurance clause in commercial contracts
• Insurance and the art of negotiating insurance clause

Limiting liability in a procurement agreement

• Signing a limited liability agreement
• Inserting limited liability clauses into a procurement agreement

The art of negotiating this limited liability clause

• The art of negotiating procurement agreement in Asia
• The key points to note when signing with a procurement agreement
• The due diligence process when negotiating a procurement agreement
• The key points to note when concluding a procurement agreement

Arbitration Clause and Governing Law Course

• Is Arbitration the best way to resolve conflicts?
• The choice of law and venue
• How can Arbitration work in overseas jurisdiction

Alternative Dispute Resolution Mechanism

• Definition of Alternative Dispute Resolution
• How does Alternative Dispute Resolution operate
• The key elements of Alternative Dispute Resolution

Who Will Benefit?

Executives, contracts managers, programme managers, project engineers, managing directors, group financial controllers, company directors, sales directors, business managers, financial controllers, marketing managers and executives, business advisers, bankers, consultants, company secretaries, administrators, credit executives, finance and operation executives, maintenance managers and accounts supervisors