Essentials to Ace Contract Drafting

Introduction:

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

To protect the interests of your organization and the other party you're dealing with, you need to understand how to negotiate a successful contract. A successful contract will help you build and instill trust with other parties dealing with your organization, and it has not only become the lawyers concern only, but also managers and procurements officers as well. This knowledge should not be underestimated in your business or the company you're working for especially that businesses are getting more complex and we definitely want to ensure smooth operations while we're building strong bonds, common understanding and long-term relationships with the other parties. This course will help you understand different legal systems and will guide you to understand contracts in the right way.

Objectives:

After attending this course, participants will be able to:

1. Protect the interests of your organizations as well as the other parties.
2. Understand the legal systems and practices to negotiate a contract.
3. Grasp the basic concepts in contract drafting.
4. Mention the types of contracts and how to model them.

Content:

Module 1:

1. What do we mean by contract drafting?
2. Why to consider contract drafting from the first place?
3. Is contract drafting only for lawyers?

Module 2:

1. What are the elements of effective contracts?
2. What are the types of contracts?
3. Contract drafting general principles.

Module 3:

1. The sources of contract laws.
2. Considering the rights and obligations of all parties.
3. Planning for potential risks in contracts.
4. Being wise and proactive in writing contracts.

Module 4:

1. Conditions, promises and warranties.
2. Win-win negotiations for a higher confidentiality.
3. Essential writing principles in contract drafting.

Module 5:

1. General clauses in contracts.
2. Modeling contracts.
3. Termination of contracts.
4. Case studies and recommendations.

Who Should Attend?

1. Managers who need to negotiate contracts, terms and discounts with outside suppliers of goods and services or manage contractor performance.
2. Purchasing, sales or marketing managers, and supervisors and staff taking up such appointments for the first time.
3. Who have had little formal training in contracts, purchasing and negotiation and who wish to consolidate their experience.