Mastering Contracts Management 5-day MBA

Mastering Contracts Management 5-day MBA

Course Description

Introduction

Welcome to the "Mastering Contracts Management 5-day MBA" training course, developed by Cambridge for Global Training. This intensive programme is designed to equip participants with comprehensive knowledge and practical skills in contract management, essential for navigating the complexities of modern business transactions. Whether you are new to contract management or seeking to enhance your existing skills, this course provides a rigorous and structured approach to understanding the principles, strategies, and best practices in contract negotiation, drafting, and administration.

Course Objectives

By the end of the course, participants will be able to:

• Analyze contract terms and conditions to mitigate risks effectively.
• Apply negotiation techniques to achieve favourable contract outcomes.
• Draft clear and enforceable contracts that meet the needs of all parties involved.
• Implement strategies for efficient contract administration and compliance monitoring.
• Evaluate and resolve contractual disputes through effective dispute resolution methods.
• Develop a comprehensive understanding of international contract law and its implications.
• Utilize contract management software and tools for streamlined contract processes.

Who Should Attend

• Procurement professionals seeking to enhance their contract management skills.
• Contract managers responsible for drafting, negotiating, and administering contracts.
• Legal professionals involved in contract drafting and dispute resolution.
• Project managers requiring a comprehensive understanding of contract management.
• Business executives involved in strategic decision-making related to contracts.

Course Outline

Unit 1: Fundamentals of Contract Management

• Introduction to contract management principles
• Types of contracts and their characteristics
• Key elements of a contract
• Legal framework governing contracts
• Contract management lifecycle overview

Unit 2: Contract Negotiation Strategies

• Preparation techniques for contract negotiations
• Negotiation styles and approaches
• Tactics for achieving win-win outcomes
• Handling challenging negotiation scenarios
• Post-negotiation follow-up and documentation

Unit 3: Contract Drafting and Review

• Drafting clear and concise contract clauses
• Understanding contract language and terminology
• Reviewing contracts for accuracy and completeness
• Incorporating risk management strategies into contract drafting
• Documenting amendments and revisions

Unit 4: Contract Administration and Compliance

• Establishing effective contract administration processes
• Monitoring contract performance and compliance
• Addressing changes and deviations from contract terms
• Resolving disputes and conflicts during contract execution
• Evaluating supplier performance and managing relationships

Unit 5: International Contract Management

• Cross-border contract considerations and challenges
• Harmonization of contract laws and standards
• Managing cultural differences in international contracts
• Legal aspects of international contract disputes
• Strategies for mitigating risks in international contracts