Modern Strategies and Methodologies in Contract Management and Conflict Prevention
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Course Details
- Introduction
- Objective
- Who should attend
In today's business environment, managing contracts effectively is essential for maintaining smooth operations and preventing costly disputes. Contracts are the foundation of all business relationships, governing everything from procurement and service agreements to supplier partnerships and project deliveries. To ensure these relationships run smoothly, professionals need a solid understanding of contract management principles, from drafting and negotiation to handling risks and resolving conflicts. The Modern Strategies and Methodologies in Contract Management and Conflict Prevention course offers participants the tools and knowledge to handle contracts with confidence.
This course covers the full lifecycle of contracts, helping participants understand key elements such as contract types, sourcing strategies, risk allocation, and post-award activities. Participants will learn how to structure contracts to protect their organizations while developing skills to manage negotiations, avoid disputes, and resolve any issues that arise. The course also focuses on practical solutions to common challenges in contract management, including the legal and regulatory frameworks that guide contract creation and execution.
By the end of this course, participants will have a deeper understanding of how to manage contracts in a way that reduces risk, enhances clarity, and ensures that all parties involved are satisfied with the terms and execution of the agreement. This approach helps protect businesses while ensuring that projects and partnerships move forward without unnecessary complications.
Course Outline
Introduction to Contracts
- Understanding the meaning of contracts and their significance
- Exploring the elements of contracts: Legal, technical and administrative elements
- Types of contract: verbal vs. written contracts
- Exploring contract lifecycle
- Discussing laws and regulations in contract
- Laws and regulation in contract
- Understanding the meaning of risk allocation among contracting parties
- Discussing the fundamentals of identifying contractor, service provider or supplier
- Understanding the contractual obligations of the parties
- Practical exercise: Analyzing standard contract sample