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INTRODUCTION
In today's modern business world contracts are a necessity but numerous laws, regulations and unforeseen events
make dealing with business contracts complicated. Therefore, if you are involved in managing public, private or NGO
sector business affairs and contracts, you need to understand the intricacies involved in contract formulation,
interpretation, review, performance, enforcement, negotiation, as well as remedies in case of its breach. You also need
to know the strengths, weaknesses, risks and the missing terms before signing an agreement so that the final
agreement is effective and enforceable.
The management of ongoing business contracts is a daunting task, requiring knowledge, skill and the experience. You
should be able to handle all the details necessary for ensuring you get what you bargained for as well as covering you
against claims that you haven't done your part. Here, you need to know your rights, remedies and duties regarding the
performance and enforcement of your legal and contractual rights. Balancing the exercise of rights, selection of remedy
and ensuring your own duties are also important. The breach of contract may have serious consequences both to your
business and reputation. Therefore, you need to have sufficient evidence should things deteriorate into a breach of
contract and enforcement actions become necessary. Before you plunge into a time intensive and expensive process,
you should know whether there is a breach at all and if so, what may be the consequences? Is there any scope to avoid
litigation and treat the breach? What are your obligations under the agreement and who will pay the costs and lawyer's
fees of an enforcement action?
These are some of the issues which you must address if there is an indication of a breach of contract. There are also
possibilities that you may have to think whether to file a lawsuit or begin ADR (Alternate Dispute Resolution - arbitration,
mediation etc.) or go for negotiation or a combination best suited to your business.
The course will benefit anyone involved in managing public, private, PSUs or NGO sector business affairs and
contracts, including executives in Industry, Government, Entrepreneurs, State-owned Enterprise Managers, Engineers,
Project and Office Managers, Sales and Marketing Managers, Contractors, Subcontractors and Consultants delivering
Contract Services and Support
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Intricate Connections Consultants www.iccconsult-fr.com 2019
COURSE OBJECTIVES
COURSE CONTENT
Termination of Contracts
The legal rules which govern termination in contracts
Designing termination provisions in contracts to ensure they avoid any adverse judicial interpretation
Identification of the practical response to termination rights in a contract
Minimisation of the risk which arises on a right of termination being exercised
Identification of conduct which amounts to wrongful termination and its impact on contracts
The rules relating to repudiation in contract management
Damages Examined
The legal principles which apply to contractual remedies
Matters which affect the recovery of damages and recent cases where the courts have assessed damages
The rules relating to liquidated damages in contracts
The commercial and legal problems associated with liquidated damages clauses
Drafting effective liquidated damages clauses
Dispute Resolution
The modern approach to dispute resolution
The pitfalls and traps of dispute resolution
Drafting a dispute resolution process for contracting
How to ensure the collection and maintenance of appropriate documentation within the contract process
The legal view of clauses which provide for dispute resolution
Risk Management & Dispute Avoidance
Arbitration and Alternative Dispute Resolution
NOTE
Course participants are invited to highlight topics of interest before the detailed course schedule is prepared for
commencement. This will usually be on the orientation day. Every effort will be made to accommodate participants
training needs within the general scope of the course.