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Commercial Terms and Conditions in a Contract - London Classroom

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Summary

Price
£1,750 inc VAT
Study method
Classroom
Duration
2 days · Part-time or full-time
Qualification
No formal qualification
Additional info
  • Tutor is available to students

Location & dates

Location

Address
Grays Inn Road
Central London
London
WC1X8RH
United Kingdom
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Address
Bolsover Street
West London
London
W1W6AB
United Kingdom
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Overview

The two day workshop will help participants understand commercial terms and conditions in a contract that deal with allocation of contractual risks

This workshop will provide training and ‘hands-on’ experience in understanding complex contractual terms making you an expert on the subject. The workshop would be of help to anyone who wishes to have a better understanding of commercial contracts.

Participants will have:

  • Deeper understanding of Contractual risk and learn how to transfer the risk in the contract
  • Master the ability to understand Terms and Conditions in Tender document
  • Greater understanding of Contract Interpretation
  • Understand how Contracts are formed, when does an Agreement like Letter of Intent (LOI) and Memorandum of Understanding (MOU) become a contract.
  • Understand the complex intricacies involved in Termination of Contract and claims arising out of Termination.
  • Greater confidence in dealing with Dispute Resolution Clause

Description

Introduction to Contracts

  • Definition of Contract
  • Formation of Contract
  • Contract Interpretation
  • When does an LOI/MOU become a Contract
  • PO/RFQ/RFP/ terms and conditions
  • Contract Governance
  • Importance of Relationship Management in Contracts

Dealing with Contractual Risk

  • Indemnity
  • Liquidated Damages/Damages
  • Assignment & Delegation
  • Consequential Loss
  • Limitation of Liability
  • Third Party Liability
  • Force Majeure
  • Negligence/Gross
  • Negligence/Wilful misconduct
  • Breach/ Material Breach of Contract
  • Time is the essence
  • Survival clause
  • Performance Guarantee
  • Retention Clause
  • Tender /Bid Bond
  • Advance Payment Bond
  • Comfort Letter
  • Letter of Credit
  • Subrogation and Waiver of Subrogation
  • Representation & Warranty
  • Warranty & Guarantee
  • Governing Law
  • Exclusive Remedy Provisions
  • Entire Agreement
  • Parent Company Guarantee
  • Fit For Purpose
  • Duty of Care
  • Variations
  • Scope of Work (SOW)
  • IPR Rights in a Contract

Understanding the end game provisions

  • Termination of Contract
    • Mutual Termination
    • Termination for Cause
    • Termination of Convenience
  • Dealing with Dispute Resolution

Who is this course for?

The course will benefit anyone involved in the acquisition and management of all types of contracts in both the public and private sectors, including:

  • Contract management personnel
  • Purchasing executives, senior managers, and professional staff from supply chain management, logistics and inventory planning and control
  • General managers wanting to understand the procurement function
  • Project managers involved in plant and equipment development projects
  • Technical personnel involved in performance specification of plant and equipment
  • Engineering planners working with complex maintenance material requirements
  • Quality managers seeking to understand how supply contracts are managed

Requirements

No Prerequisite to attend this course

Career path

  • Purchasing executives
  • Senior managers
  • General managers
  • Project managers
  • Quality manager
  • Engineering planners
  • Contract management personnel

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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