An intensive professional development training course on

Negotiating, Drafting
& Understanding Contracts

Achieving Excellence in Contracting

Classroom Sessions

29 Apr-03 May 2024
Milan - Italy
$5,950
Register
15-19 Jul 2024
Barcelona - Spain
$5,950
Register
21-25 Oct 2024
London - UK
$5,950
Register
27-31 Jan 2025
Dubai - UAE
$5,950
Register

Online Sessions

15-19 Jul 2024
Online
$3,950
Register
06-10 Jan 2025
Online
$3,950
Register
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Why Choose this Training Course?

This Negotiating, Drafting & Understanding Contracts training course covers the three stages of contract development and management: negotiating the ‘deal’; documenting that agreement in a robust, but practical way; and managing the contract to ensure that what was negotiated and documented gets delivered. It will also explore the key rights and obligations that contracts usually create, as well as examining how to deal with problems that arise in contracts, such as disputes.

This AZTech training course will feature:

  • Gaining a broad understanding of contracts and your ability to use them to develop and protect your organisation
  • Examining the latest techniques for you to consider and negotiate contracts with confidence
  • Considering principles widely used in international contract making, such as risk allocation and dispute management
  • Practical tips for business professionals to deal with the consequences of non-performance
  • Analysing the mechanics of creating contracts in the English language

What are the Goals?

By the end of this AZTech training course, participants will be able to:

  • Understand the need to negotiate the “deal” before structuring the contract documentation
  • Utilise tools & techniques to assist in such negotiations & enhance the efficient management of a contract
  • Analyse the drafting and amendment of specific contract clauses, using real examples
  • Introduce some of the differences in approach in different jurisdictions
  • Examine ways to avoid disputes, or to manage them successfully

Who is this Training Course for?

This AZTech training course will benefit all levels of personnel engaged in contract management, negotiation, procurement, operations, and disputes. This training course is suitable to a wide range of contracts professionals but will greatly benefit:

  • Contract Administrators, Contract Professionals and Project Coordinators
  • Supply Officers, Buyers, Purchasing & Procurement Professionals
  • Project, Construction, Cost and Quantity Professionals
  • Claims Personnel, including Legal Advisers
  • Contracts Managers
  • Those new to the function, preparing for a major project or experienced professionals looking for a refresher

How will this Training Course be Presented?

This AZTech training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This will include stimulating presentations supporting each of the topics together with interactive trainer lead discussion sessions. Delegates will be encouraged to raise their own issues and problems faced within their industry or organisations for discussion on a confidential basis.

The Course Content

Day One: Negotiating the Agreement you Want
  • The context of commercial arrangements
  • Negotiating Principles for contracts
  • Setting contractual objectives
  • The most important negotiable elements
  • Achieving an appropriate balance of commercial risks
  • Relationship between negotiation and contract drafting
Day Two: Drafting the Contract You’ve Negotiated
  • What constitutes a contract? – the essential elements
  • Form, Ingredients and Basic Structure
  • What are the Contract documents? constructing the jigsaw puzzle
  • Working with standard forms and model agreements
  • Using contract qualification to amend the other side’s draft
  • Temporary contractual arrangements: Letters of Intent and other interim agreements
Day Three: Understanding Contractual Rights and Obligations
  • Operative provisions and performance obligations
  • Title, Risk and Payment provisions
  • Liabilities, indemnities and the duty to insure
  • Limitation and exclusion of liability, force majeure and waiver
  • Remedies for default, damages and penalties
Day Four: Managing the Contract You’ve Signed
  • Finalising the contract and getting started
  • Kick-off meetings: Setting and managing expectations
  • Creating a contractual performance environment
  • Handling Contract Variations: changing the scope of work
  • Dealing with under-performance - defaults, delay and disruption
  • Payment issues – including in international trade
Day Five: Resolving Contractual Claims and Disputes
  • Managing contractor claims
  • Recognising potential problems and dealing with issues as they arise
  • Governing Law of the contract and dispute resolution
  • Using contract-based resolution – referring disputes to an Adjudicator
  • External dispute resolution – Litigation and Arbitration
  • Modern alternatives – Mediation, Expert Determination and other methods

The Certificate

  • AZTech Certificate of Completion for delegates who attend and complete the training course

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