Course Overview
Are you responsible for managing delivery of a Project? Do you read or deal with contracts in your role as a Project Manager? Are you unsure of the exact meaning of some of the words in the contracts generated by your projects?
Are you worried about avoiding the pitfalls related to the creation and management of a contract - like knowing when and whether you have a binding contract, and understanding the extent of your liability under a contract?
Do you want to learn the basics of contract law in plain, everyday language?
If the answer is "YES" - this is the course for you!
Many projects start before proper authorisation is granted, through the creation and signing of legally binding Contracts.
"Contracts" often constitute no more than a Supplier's Terms and Conditions, which are designed to protect the Supplier, at the expense of the Customer. As a result there is often no clear, unambiguous statement of what is expected of each Party, what products the Project will deliver, nor any defined criteria of what will constitute proper delivery of such products. Customers and Suppliers are thereby exposed to the risk of costly litigation, as a result of a failure to deliver as expected by the other Party. When there is a failure to supply what is expected, the legal position of parties is unclear.
Audience
- Project and Programme Managers;
- Sales, Purchasing and Marketing Managers;
- Contract Managers;
- Commercial Executives
Skills Gained
The purpose of this Seminar is to develop delegate's legal knowledge, reduce uncertainty and thereby reduce the risk of expensive litigation inherent in creating contractual relationships.
This knowledge will allow you to work more closely with lawyers, minimise their workload and also reduce the time it usually takes to draw up contracts.
The seminar offers a practical introduction to contract law in the context of Project management. Delegates will understand what a properly drawn contract should contain and look like, what clauses should be included as a minimum, and how that differs from mere "Terms and Conditions".
They will also learn to read and understand contractual terms and how to include relevant information by attaching Schedules. Attendees will be able to recognise and deal confi dently with the risks and benefi ts of contracts normally associated with managing projects and product delivery.
Course Outline
- Understanding of the basic principles of contract law in plain English
- Read and understand contract terms and legal terminology
- Understand what is a binding Offer and what constitutes Acceptance of the Offer
- Recognise signifi cant Contractual clauses that create binding rights and duties
- Gain insight into the implications of different contract drafting styles
- Learn to structure a formal contract
- Develop a strategy for dealing with breaches of contract or failures to deliver
- View project contracts in the wider corporate/programme context
- Recognising the contractual implications in Project Management
- Avoid being limited to Supplier's Terms and Conditions
- Consider some common issues of Contract Management
