Contracts Management Specialist Training | 5-Day Course

Course Description

This intensive 5-day course provides a comprehensive overview of contract management, covering the entire contract lifecycle. Participants will gain practical skills in contract creation, negotiation, administration, and dispute resolution. The course combines theoretical knowledge with real-world case studies to ensure a well-rounded learning experience.

Learning Objectives

• Understand the fundamentals of contract law and its application in business
• Develop skills in contract drafting, negotiation, and risk management
• Learn effective contract administration and performance monitoring techniques
• Master strategies for dispute resolution and contract closeout
• Gain insights into international contracting and cross-border considerations

Course Modules

Day 1: Fundamentals of Contract Management

• Introduction to contract law and types of contracts
• Contract formation and essential elements
• The contract lifecycle and key stakeholders
• Contract terminology and structure

Day 2: Contract Drafting and Negotiation

• Drafting clear and effective contract clauses
• Negotiation strategies and techniques
• Risk identification and allocation in contracts
• Key commercial terms and conditions

Day 3: Contract Administration and Performance Management

• Contract implementation and kickoff
• Monitoring and measuring contract performance
• Change management and contract modifications
• Documentation and record-keeping best practices

Day 4: Risk Management and Dispute Resolution

• Identifying and mitigating contractual risks
• Handling breaches and defaults
• Alternative dispute resolution methods
• Contract termination and closeout procedures

Day 5: Advanced Topics in Contract Management

• International contracting and cross-border considerations
• Intellectual property rights in contracts
• Ethical considerations in contract management
• Emerging trends and technologies in contract management

Practical Wins for Participants

• Ability to draft clear and comprehensive contracts that protect organizational interests
• Enhanced negotiation skills to secure favorable terms and conditions
• Improved contract administration capabilities for better supplier relationship management
• Strategies to effectively manage contractual risks and resolve disputes efficiently