Undertanding commercial contracts
|Jaki Halliday||2017 dates TBC||9-5pm||1 day||$695||Enrolments closed. Join our mailing list|
An introductory course to enable those new to contracting to navigate their way around a commercial contract. The course demystifies the contract 'essentials', explaining why we need contracts, what the key components are, what the main terms mean and why they are there.
Every business and work place engages services, or purchases goods, from other businesses. The Commercial Considerations course is for people who are new to the world of procurement, or seeking a refresher on what goes in a contract, what to look out for, and what to have in mind when negotiating.
Learn why we have contracts - their purpose, which is to set out what the parties have agreed. It gives a brief overview of the legal requirements for a valid, binding contract and guides participants through the essential components and key terms.
Become equiped with a basic understanding of how risk can be managed in a contract and how it can, (and should!) provide for what happens if things go wrong.
The course will be delivered using a range of interactive practical and fun teaching methods to cater for all learning styles and preferences. This will include PowerPoint presentation and group activities. Participants will get to work though realistic commercial contracting scenarios to put into practice what they have learned during the day.
By the end of this course, you should be able to:
- identify the main requirements for a commercial contract
- understand the meaning of key clauses and terms
- better understand/negotiate/review contracts in the future.
Who should enrol
People who work in a business or a government department who are new, or returning to, procurement and are seeking an introductory or refresher course to help them in their job.