Contract Writing: How to Lay the Foundation for Agreements That Work
This two-day introductory course in contracting is designed to give you the information you need to understand the contracting process – from contract formation to contract completion.
It covers all of the key elements you’ll need to function effectively in today’s purchasing environment. The workshop covers a comprehensive amount of material in an easily understood manner that allows you to apply the knowledge and skills you acquire to your individual work and operations.
You’ll receive proven tools and the guidance you will need to fulfill your responsibilities and contribute to the success of your involvement in the contracting process, while developing your career.
For commercial purposes, contracts are used primarily to create a record of the terms of agreement between parties and to protect the legitimate interests of those parties. Striking the appropriate balance between these is the challenge, often unappreciated, of the person drafting the contract.
This fast-paced workshop is designed to help those involved in all stages of the contracting process. The tension between commercial and legal interests is addressed and we’ll suggest methods of rationalizing, if not satisfying, the objectives of both perspectives.
Who Should Attend:
- Anyone with a responsibility for negotiating, developing, writing or managing contractual relationships
- Professionals who are involved in purchasing, supplier management or customer service
- Seasoned veterans who feel the need for an effective refresher, to be brought up-to-date on contracting procedures and remedies
- Engineers, managers who work with operations, maintenance and material management, and those responsible for the purchasing function… anyone who needs to be familiar with the intricacies of contracting.
Benefits
- Learn why you should understand contract law before creating a contract.
- Learn how to incorporate the principles of contract law into all your agreements.
- Learn how to include technical terms in your agreement to ensure performance.
- Find out how to protect your company’s interests without killing the deal.
- Be aware of the consequences of breach of contract.
- Learn how to get suppliers to help with contracts.
- Learn the best practice guidelines for drafting contracts.
- Find out how to write simple, concise, clearly worded contracts that provide the greatest legal protection for your organization.
- Learn how to make effective use of forms and existing contracts.
- Discover the impact of, meaning, and usage of legal terms in contracts.
- Be aware of the three types of written agreements and how to deal with each one.
- Learn how to minimize conflict between your contract boilerplate and your supplier.
- Learn the five questions to ask to determine the appropriateness of written agreements.
- Learn the differences between contracts for goods and for services.
What You Will Cover
- Writing the Contract
- Fundamental Principles of Contracts
- 3 Basic Goals of Contract Writing
- Guidelines for Using Forms and Existing Contracts
- The Structure of the Contract
- 3 Types of Written Agreements
- Sample Terms and Conditions: Practical Impact
- Case Study – Hands-On Workshop:
