What You Will Learn:
- The elements of a contract
- The use of common contract clauses (terms and conditions) for goods and services
- When different clauses should and should not be used
- How to draft better contract clauses
- The impact of electronic purchasing on contracting
- Hands on applicable knowledge relevant to your contracts
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 supply chain terms and conditions
- Thoroughly addresses many of the standard terms found in most contracts
- Overview of laws that impact contracts
- Review of basic contract law concepts
- Contract formation: How to construct legally binding agreements
- Interpretation of contract language
- Legal wording that is and is not necessary in agreements
- Purchase orders, blanket orders, request for proposals, requests for quotation, letters of intent and contracts
- Contracts and electronic purchasing
- How widespread use of high-tech forms of communication impacts contracting
- Detailed discussion of a variety of contract clauses (terms and conditions) for goods and services
- Drafting contract terms and conditions from both the buyer's and seller's perspectives
- Practical hands-on experience using your organization’s contracts
- Expert-level instruction and feedback
- Time for networking and learning with peers
- Ample time for questions specific to your role and organization’s contracts
Who Should Attend:
New and experienced contracting, purchasing and supply management professionals who desire to understand basic contract premises and law. This supply chain training is also recommended for professionals seeking a detailed introduction to contract terms and conditions.