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Course Code: PMCM 1109
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Business and Contract Law Training
Course Sector:
Project & Contract Management
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Introduction
Training course introducion / brief
Business and contract law.
This four-day intensive virtual course provides a thorough understanding of the key principles and practical aspects of business and contract law. Designed to enhance your knowledge of contractual agreements, the course covers essential elements of contracts, legal frameworks, and best practices for drafting, negotiating, and managing contracts.
You will explore real-life case studies, practical scenarios, and critical legal topics such as exclusion clauses, negligence, and dispute resolution methods, all to help participants confidently handle business agreements.
Course Objectives
At the end of the training course, participants will be able to
- Understand the fundamental elements of contracts and their importance in business transactions.
- Identify key legal terms and incorporate them effectively in contract agreements.
- Learn how to draft, amend, and negotiate business contracts with confidence.
- Assess legal liabilities, risk management clauses, and the impact of contract breaches.
- Explore different methods for resolving contract disputes, including arbitration, mediation, and litigation.
- Gain practical insights into limiting liability, liquidated damages, and force majeure provisions.
Course Audience
Who is this course for, and can benefit the most
- Legal professionals seeking a refresher on business and contract law fundamentals.
- Business managers and decision-makers involved in contract negotiations and drafting.
- Procurement, sales, and supply chain professionals responsible for managing contracts.
- Professionals from various industries aiming to understand legal terms and reduce business risks through effective contracts.
Course Outline
The course aims and learning outcomes
Contract Fundamentals and Case Law
Module 1: Contract Basics- Introduction to
Contracts: What Defines a Valid Contract?
- Understanding the
Essential Elements: Offer, Acceptance, Consideration, and Intention.
- The Tendering and
Bidding Process in Contract Law.
- Letters of Intent,
Heads of Agreement, and the Role of Side Letters.
- Authority and
E-signatures in Business Contracts.
- The Role of
Negligence and Its Legal Consequences in Business Transactions.
- Review of Carlill
v. Carbolic Smoke Ball Company and Its Implications on Contract Law.
Terms of Contracts and Specifications
Module 3: Contractual Terms and Specifications- Differentiating
Between Implied and Express Contracts.
- Introduction to
Contractual Specifications: Input vs. Output Specifications.
- Warranties and
Indemnities: Legal Protection for Contract Parties.
- How to Incorporate
Terms Efficiently into Business Contracts.
- Practical Scenarios:
Key Types of Contract Specifications.
Contract Drafting, Amendments, and Liability Management
Module 4: Drafting and Amending Contracts- Best Practices for
Drafting Contracts: Practical Insights.
- How to Amend
Contracts by Conduct: Legal and Practical Considerations.
- Terms and Conditions
of Sale and Purchase: Goods and Services.
- Consequential vs.
Direct Loss: Legal Definitions and Impact.
- Unfair Contract
Terms Law: Key Implications on Business.
- How to Effectively
Incorporate Exclusion and Limitation Clauses.
- Understanding Force
Majeure and Liquidated Damages Clauses.
Contract Termination and Dispute Resolution
Module 6: Contract Termination and Dispute Resolution- Termination Clauses:
How to Draft and Enforce Them.
- Managing Disputes:
Negotiation and Mediation Tactics.
- Understanding
Arbitration and Litigation: Pros and Cons in Business Disputes.
Review and Q&A:
- Interactive session
to clarify concepts, review key points, and answer participant questions.
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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