What You Will Learn:
- How to draft situation-specific contracts
- How to analyze various types of contracts, including capital equipment, services, design work and construction
- How to protect your organization from common contract pitfalls
- Ways to broaden and strengthen your contract-writing capability
- How contracts should be put together and how contracts flow
- How to change and broaden a contract for different situations
- International concerns and clauses
- How to write and review a contract
Virtual Class Schedule:
Day 1 - 10:00 am ET - 3:00 pm ET / 7:00 am PT - 12:00 pm PT (with two 15 minute breaks)
Day 2 - 10:00 am ET - 3:00 pm ET / 7:00 am PT - 12:00 pm PT (with two 15 minute breaks)
Day 3 - 10:00 am ET - 2:00 pm ET / 7:00 am PT - 11:00 am PT (with two 10 minute breaks)
Course Overview & Goals:
- Understand the legal aspects of the supplier selection process:
- IFBs
- RFPs
- RFQs
- POs
- Blanket agreements
- Contracts for goods:
- Inspection and acceptance
- Security agreements
- Special situations
- Multiparty agreements
- Consulting agreements and other service contracts:
- Specifications
- Intellectual property rights
- Ownership
- Design and construction contracts:
- Pricing options and terms
- Liability, indemnity and insurance
- Mechanics' liens
- Use of liquidated damages and other remedies to ensure performance
- Dispute clauses
- Confidentiality/non-disclosure agreements
- Glossary of contract terms
- Dealing with salespeople, notably how to protect your organization from salespeople who do not deliver what they promise
- Technology and its effect on contracting:
- E-procurement and the contracting process
- Exercises in drafting and analyzing contracts
Who Should Attend:
This supply management contracting course is ideal for experienced purchasing and supply management professionals who want to improve how they analyze and draft various types of contracts. Participants should have fundamental knowledge of business contracts, purchasing law and the UCC prior to attending this course.