Book Online Tickets for Contract Drafting and Management, New Delhi.  Description
Program Objective:
No contract will be successful unless – it is under-pinned by sound contract management and administration. More often than not it is the support tea m involved in the background of a contract that ensures i

Contract Drafting and Management

 

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About The Event

 Description

Program Objective:

No contract will be successful unless – it is under-pinned by sound contract management and administration. More often than not it is the support tea m involved in the background of a contract that ensures it is a success.
This course will help you to understand how the effective drafting & management of a contract can deliver the goals it set out to achieve.

 

Program Outcome

At the end of the course delegates will:
• Able to draft the contract from
( a) Scratch and (b) modify the Contract template
Understand the contribution that contract administration can deliver
• Be better able to minimize contractual risk
• Manage change during the contract from a risk and legal perspective
• shall be able in making Negotiation strategy
• Understand and draft contractual terms and conditions
• Have identified all the benefits of alternative dispute resolution methods

 

Topics Covered

This course will cover the following key topics:

1) Understanding the legal environment

  • Basic legal principles
  • Risks for a valid contract
  • Conditions and warranties
  • Making the contract
  • Offer and acceptance
  • Statute law affecting contracts

 

2) Drafting the contract

  • Drafting starts with effective thinking
  • The key objective
  • Communication and the barriers to overcome
  • The craf t of contract drafting
  • Closing loopholes
  • Defined terms; precise language (Contract drafting Tips)
  • The specific and the general
  • Termination clauses
  • Traps for the unwary

3) Some contract scenarios

  • The enquiry and the bid
  • Time and materials
  • Fixed price
  • Pricing or associated costs

 

4) Contract terms and conditions

  • How to deal with the ‘small print’
  • Consortia, joint ventures and collaborations
  • Choices of law and jurisdiction
  • Force majeure and its implications
  • Time is of the essence

 

5) Effective administration techniques

  • What is the purpose of the contracts function?
  • The extent of its involvement; what is needed?
  • Terms of reference
  • Early warning systems
  • Some maxims of contract administration

 

6) How to obtain legal remedies

  • The advantages and disadvantages of litigation and ADR
  • Choosing the appropriate method of redress
  • Obtaining redress while the contract is operating

 

Methodology & Certificates-

  • Demonstration of actual documents, Lectures & Interaction
  • A Certificate of participation will be presented to the participants.

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