Course Details
Course Outline
5 days course
Methodology of Design and Creation of a Contract
- What is a contract? .. Why is it important?
- Methods of creating a contract
- Examples of contract creation
- Business models for contract use
- Understanding the fundamentals of signing a contract
Drafting contracts
- Defining contracts
- Elements of contracts
- Purpose of contracting
- Defining rights and obligations
- Defining scope of work
- How to develop the scope
- Planning scope of work
Risk Management in Contract
- Methodology of contract management
- Methodology of guarantee and insurance in contract
- Risk and performance management in contract
- Suspension, warranties and termination of a contract
Change and Variation in a Contract
- Changes in a contract
- Understanding the transfer of rights agreements in a contract
- Understanding the changes in the scope of work and variation clauses in a contract
- Understanding “Novation”- adding a new contract in place of an old one, and its management and methodology
- Methods for dispute management
- Termination of a contract and how to control
Security of a Contract Agreement
- Understanding of the standard form of a contract document
- Understanding the international standard contract form of an agreement
- Understanding of security in a contract agreement
- How to manage payment risk in a contract?
- Payment assurance through Bonds, guarantees and letters of assurance
- Solutions for rapid risk management
Management of Conflict and “How to solve them”
- Understanding on how to create contracts for avoiding conflicts
- Steps for solving multi-level conflict
- Steps for contract negotiation
- Importance of Laws and contracts and Litigation and Arbitration in a contract
- Process of conflict management
- Review of the course and “Question and Answer session”
