Managing Contractual Liabilities Effectively

By attending this training course, participants will:

• Understand how, when and if contracts are legally enforceable
• Assess and manage key contractual liabilities
• Analyse the way indemnities operate across industries
• Evaluate the need and use of different types of insurance
• Compare ways of dealing with claims and disputes

CONTENT

• Understanding how to create legally enforceable contracts
• Putting key contractual risks and liabilities in context
• Dealing with time and other performance liabilities
• How the risks associated with pricing and payment can best be managed
• Demystifying indemnities – What are they, how do they work
• Principal types of indemnity and their operation
• Purpose, types and limitations of insurance
• What appropriate law and legal system should govern your contracts
• Procuring insurance and for whom
• Using negotiation as an effective tool to manage disputes
• Appraising various forms of third party dispute resolution

FOR WHOM:

Legal Officers and others who perform related functions

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.