Course Overview
Course Description
This intensive 5-day course provides a comprehensive overview of contract management principles and practices. Participants will gain in-depth knowledge of contract creation, negotiation, administration, and dispute resolution. The course covers legal aspects, risk management, and best practices for effective contract management across various industries.
Learning Objectives
- Understand the fundamentals of contract law and formation
- Develop skills in contract negotiation and drafting
- Learn effective contract administration and performance management techniques
- Gain knowledge of risk assessment and mitigation strategies in contracting
- Master dispute resolution and contract closeout procedures
Course Modules
Day 1: Introduction to Contract Management
- Contract law fundamentals
- Types of contracts and their applications
- Contract lifecycle management
- Roles and responsibilities in contract management
Day 2: Contract Creation and Negotiation
- Drafting effective contract clauses
- Negotiation strategies and techniques
- Risk allocation in contracts
- Legal and ethical considerations
Day 3: Contract Administration and Performance Management
- Contract implementation and kickoff
- Monitoring and measuring contract performance
- Change management and contract modifications
- Supplier relationship management
Day 4: Risk Management and Compliance
- Identifying and assessing contractual risks
- Compliance monitoring and auditing
- Financial management in contracts
- Intellectual property and confidentiality issues
Day 5: Dispute Resolution and Contract Closeout
- Conflict prevention and resolution techniques
- Claims management and dispute procedures
- Contract termination and closeout processes
- Lessons learned and continuous improvement
Practical Wins for Participants
- Ability to create and negotiate more favorable contracts
- Improved contract administration and performance management skills
- Enhanced risk management and compliance capabilities
- Effective techniques for resolving contractual disputes and conflicts
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