Course Schedule

Contracts: Drafting, Reading & Understanding

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Code Course Title Venue Date Fees Join Now
CM11 Contracts: Drafting, Reading & Understanding Dubai - UAE, 20190310 10 - 14 Mar 2019 $3,750 Register
CM11 Contracts: Drafting, Reading & Understanding Kuala Lumpur - Malaysia, 20190826 26 - 30 Aug 2019 $4,200 Register
CM11 Contracts: Drafting, Reading & Understanding Istanbul - Turkey, 20191021 21 - 25 Oct 2019 $4,750 Register
CM11 Contracts: Drafting, Reading & Understanding Amsterdam - The Netherlands, 20191209 09 - 13 Dec 2019 $4,750 Register

COURSE OVERVIEW

Drafting, Reading and Understanding Contracts are important skills for professionals. Being unsure on the meaning and interpretation of a contractual term or provision is too risky for your business and work. Poorly drafted contracts do not provide protection and may lead to contractual disputes and litigation, arbitration or mediation.

This training course will enhance the skills of participants to creating quality contracts by explaining how contracts are drafted, read and interpreted. Tried and tested methods and skills will be demonstrated in order to give participants the ability to create clear and effective contracts. At the end of the course, you will understand the meaning of each clause found in a commercial contract.

IMPORTANT FEATURES

The important features of the Contracts Drafting, Reading and Understanding training course are:

  • General principles of contract drafting
  • Reviewing important clauses in the contract
  • Types of contracts and special considerations
  • Understanding standard contract terms and conditions

LEARNING OBJECTIVES

The Contracts Drafting, Reading and Understanding training course will:

  • Equip delegates with the essential knowledge and skills that they need to draft, read and understand contracts
  • Look at frame agreements and standard terms
  • Explain what questions every contract should answer
  • Introduce steps that make reviewing contracts easy
  • Identify how to protect organisation’s interest and get the deal they want

TARGET AUDIENCE

The Contracts Drafting, Reading and Understanding training course is designed for:

  • Decision-makers involved in drafting, reviewing and understanding contract terms
  • Contracts, Project & Procurement Professionals
  • In-house Legal Advisers
  • Engineers and other technical professionals who are required to prepare technical specifications or plans
  • All those who are required to draft contract terms and work with and implement contracts

TRAINING METHODOLOGY

This practical and results-oriented Contract Drafting, Reading & Understanding training course is based on adult learning concept. It incorporates short inspiring lectures with structured lessons from the learning manual; captivating PowerPoint slides with videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.

Pre & Post course assessments will be used to measure the effectiveness of this training.

COURSE CONTENTS

DAY 1 – Introduction to Contract Drafting

  • KeyTopics:
    • Planning the contract
      • Identifying the elements of the contract
      • Identifying and planning to draft to reflect the deal
      • Focusing on the right things and on the key terms
    • The drafting process
      • Formulating a process
      • Drafting and reviewing
    • Constructing a clause
      • Identifying and using techniques for structuring a clause
    • Obligations or permissive provisions
      • Drafting clearly for obligations
      • ‘Shall’, ‘must’, ‘may’

DAY 2 – Contract Drafting Methods

  • KeyTopics:
    • Techniques
      • Identifying techniques for clear drafting
      • Using simple words and avoiding technical language
      • Omitting unnecessary words
      • Using and misusing plurals
      • Applying the subject-verb-object approach
      • Understanding when to use the active or passive voice
      • Using punctuation
    • Applying other proven techniques
    • Commonly litigated words and phrases

DAY 3 – Interpreting Contracts

  • KeyTopics:
    • Contract interpretation
      • Understanding the principles of contract interpretation
      • Identifying the effect of recent judgments on drafting commercial agreements
    • The biggest mistakes people make when reviewing contracts and how to avoid them
    • Questions to ask and have answers to when reviewing contracts
    • Steps to quickly and easily review contracts
    • What makes contracts legally binding
    • The extent to which verbal contracts can be enforced

DAY 4 - Understanding Contracts

  • KeyTopics:
    • Key terminologies in contracts
    • Key provisions contained in B2B contracts
    • Key price and payment concepts
    • Exclusion clauses issues
    • Significance of warranties and indemnities
    • Contract termination methods
    • B2B contract review and revision

DAY 5 – Putting it All Together

  • KeyTopics:
    • Checklists
    • Force Majeure
    • Handling Disputes
    • Case Study Exercises
    • Personal Action Planning

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