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Why Choose this Training Course?
Why Choose this Course?
All business relationships are essentially contracts, and a comprehensive understanding of contract law in the international context, and its commercial application, are essential elements in the effective management of the business to business interface. Contracts are becoming increasingly complex, and as trade becomes ever more international, the differences in approach between different legal systems, and contracting strategies, become greater issues.
All business professionals need to understand both their own and the other party’s rights and responsibilities under the contract, and their relationship with third parties. Good contract management is a core competency of successful organisations. The effective expenditure of money and resources is dependent on successful contract management activities: selecting the appropriate models, understanding the legal principles of creating a contract, managing each party’s rights and obligations, and dealing with claims and disputes are all key areas within this discipline.
The course will look at the following key areas:
International model forms and contracting strategies – types, uses and risks
Different legal systems and laws
Principal rights and responsibilities of each contracting party – legal and risk issues and their management
Finance issues and security measures
Remedies and dispute resolution
What are the Goals?
What are the Goals?
Provide an overview of international model forms and contracting strategies
Enhance understanding of different legal systems and law
Improve appreciation of legal and risk issues in contracts
Learn how to manage financial issues and ways to assess security
Increase understanding as to how and why disputes arise, and their resolution
How will this Training Course be Presented?
How will this be Presented?
The programme will include a variety of instructional methods, and involve a high level of interaction. Our experienced international practitioner will explain principles and issues, supported by real examples and case studies, including specific reference to FIDIC and other international model forms. Delegates will be given the opportunity to work on both individual and group exercises, and encouraged to share their own experiences through discussion and debate.
Day One: Introduction to International Model Forms, Contracting Strategies
FIDIC Suite of Documents
NEC, LOGIC (CRINE)
Contracting Strategies and Risk
Common and Civil Law Jurisdictions
Choice of Governing Law and System
Contract Structure and Drafting
Day Two: Principal Obligations – Legal and Risk Issues, and Their Management
Time – Progress and Completion
Quality – Standard, Inspection and Testing
Hand-Over and Acceptance
Day Three: Principal Obligations
Assignment and Novation
Variations and Changes
Indemnities and Insurances
Intellectual Property and Technology
Bribery and Corruption
Day Four: Financial Provisions, Security and Procedures