This course will introduction to the participants the practical application contract law and how to manage contracts effectively and prevent a law suit or having to pay damages for breach of contract. 

It is inevitable that in the conduct of any kind of business that there is a need to enter into a contractual relationship.  There is a need to be vigilant especially during the tendering process and if a contract is ill-administered it may cause the company a massive financial loss.

This usually occurs when the key personnel involved in the formulation of contract lack prior knowledge or the necessary skills to identify the danger areas and thus unable to manage the contractual obligations effectively. 

This high-impact workshop will prepare participants to enhance the skills of administering contract effectively and to provide practical and fool-proof methodology to manage their contracts properly and conscientiously.

Objectives

Upon completion of this workshop, participants will be able to;

• Fundamentals of contract law – contract versus agreement
• Where to find the important and relevant information in a written contract
• Understanding the important legal terminologies commonly used in contract
• How to resolve contractual issues or problems
• Understanding the basic requirements for contract administration procedures
• How to setup and administer a contract control systems
• Identifying and addressing key risk and opportunity areas under the contract
• Clarifying the roles and responsibilities of the contract administration team
• Negotiating strategies for resolving disputes arising under the contract

Target Audience

HR Managers, Finance officers, Legal Secretaries, PR Officers, Procurement Officers, Project Managers, Technical-based Professionals and Small and medium size Enterprise Directors

Duration

Two days

Curriculum

Fundamentals of contract law

• What is the legal agreement?
• What is within the agreement?
• What possible defects can occur in the agreement?
• What kind of remedies are available in the event of a breach of contract?

Roles and responsibilities of a Contract Manager

• What are the roles of the contract manager
• What are the responsibilities of the contract manager
• What happens when a breach of contract occurs

Key features of contract management

• How to add in the important pieces of information in a contract
• Covering for unforeseen eventualities
• Case study

Contents of Contract

• What does into a written contract
• Preventing mis-interpretation of clauses

Vitiating factors and how to avoid them

• Misrepresentation
• Mistake in the contract
• Duress and Undue influence

Remedies available for breach of contract

• Equitable and legal remedies
• Mediation and Arbitration methods

Termination of contracts

• By agreement
• By frustration
• By performance

Closing chapter

• Case study and Q&A
• Post course review and assessment

Methodologies

Highly interactive using a problem-based approach whereby participants will be engaged to discuss case scenarios and from which they will learn the elements of company law.