Courses
Contract Law For Procurement Professionals
Contract general terms and conditions of contract are normally considered a fine print by Procurement professional; something for the lawyers to read. It is critical for Procurement practitioners to understand how each clause in the contract has an impact on price. The impact of each clause in the contract is to be clearly understood by Procurement professional rather than leaving it for the lawyers.
This learning offer from costmap Academy will train you to become a contract professional and not just a Procurement practitioner.
Duration
Delivery Method
Who Should Attend
Duration
3 days
Delivery Method
Virtual/Classroom/Digital
Who Should Attend
Procurement professionals at all levels, line professionals, finance professionals, and anyone involved in internal or external negotiations
Key Learnings
- What legal system is used in Pakistan courts?
- How does liability clauses affect the risk management and consequently “total cost of ownership”?
- What dispute resolution mechanism should be preferential for the buying organisation?
- What should be included in Force Majeure clause?
- What does “Suspension “mean?
- How should the termination clause be worded to avoid risk of potential litigation?
- Are “Liquidated Damages “fair?
- Is there a difference in “Penalties “as against “Liquidated Damages”?
- How important are warranties?
- Selective case studies