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Drafting, Vetting & Negotiating Commercial Contracts
| Introduction |
An effective contract is the beginning of a successful business.
The elements in drafting an enforceable commercial contract, understand legal issues arising from contractual clauses and contract management are important. Without a clear understanding on the implication of your contract and the law, you risk suffering a loss in the event of any disputes.
Mr David Shanmugam has been in the legal practice and played advisory role in advising companies on commercial contract issues and will cover this two-day course from a legal and business perspective.
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| Objectives |
After this two-day workshop, participants will be able to:
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grip complex legal issues arising from contractual clauses and understand the implication on the contract
- discover how to negotiate clauses which limit liability for contractual claims
- learn how to draft and vet the contract through practical exercises
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| Outline |
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Steps to Protect Legal Interest when Signing a Contract
- the types of terms to agreed on
- negotiating on difficult terms
- balancing risk when agreeing to certain terms
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The Key Issues and Pitfall in Payment Terms
- consideration in making upfront payment
- currency issue during payment
- payment using LC and its advantages
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Definition of Exemption Liability Clause
- importance of exemption clause
- legal implication in exemption clause
- industry practice in using exemption clause
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Termination of Contract
- issues to be examined before terminating a legal contract
- business issue in terminating a contact
- negotiation in contract termination
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How to Incorporate Important Post Termination Clause
- key post termination clauses
- the standard method of enforcement and settlement
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Negotiation of Indemnity Clause
- definition of indemnity clause
- risk involved in agreeing to indemnity clause
- definition of the cross indemnity
- how to find solutions when handling indemnity clause
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Importance of Insurance and its Role in Contract
- why is insurance critical when contracts are signed
- the types of insurance policies that should be taken
- negotiation and settlement of insurance claims
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Choice of Law and Settlement
- arbitration and the approach to deal with choice of law and settlement
- dealing with UK or US law as choice of law
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Methods and Issue in Settlements
- steps to take to settle the matter amicably
- drafting settlement agreement
- involvement of Attorney in the settlement negotiation
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Important Consideration before Commencing Legal Action in Breach of Contract
- is bringing legal action the best method of settlement?
- issues involved litigation process
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| For Whom |
| All managers who are involved in the design and delivery of commercial contracts. It is critical for those who are involved in managing contracts but who are not trained lawyers. |
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| Workshop Schedule and Fee |
| Course Date |
16 & 17 Sep 2010
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| Time |
9am to 5pm |
| Venue |
Hotel Rendezvous or similar |
| Early Bird Closing |
7/9/2010
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| Fee Per Participant |
$590.00 (Early Bird)
$650.00 (Normal)
$550.00 (Member) |
| Fee is inclusive of training materials, lunches and tea-breaks. |
| Trainer |
| Mr David Shanmugam |
Participants will receive a Certificate of Attendance upon course completion.
Sign Up Now!
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