Certified Training On Contract Management

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Certified Training on Contract Management

Total Duration- 8 hoursLearning Outcome-
1.      Students will be able to comprehend basics of contract law from practice perspective.
2.      Students will be acquainted with the contract management cycle.
3.      Students will be able to do contract abstraction and review.
Assessment-
1.      The assessment of 100 marks will be conducted.
2.      Those who secure 60 marks out of 100 will be awarded with certification of completion.
3.      The duration of the assessment will be two hours.
4.      The students have to conduct contract review and abstraction.
Syllabus

Module No

Particulars

Hours allocated

1

Understanding Contract Management Life-cycle

2

Overview of Contracts (Agreements, Consideration, Consent, Limitations), Termination, Indemnity and Damages, Representations and Warranties,Force Majeure, Dispute Resolution, Intellectual Property)Contracts and Agreements, types of Contracts, Guidelines for drafting contracts, Overview of Contract Management, 6 stages of Contract Management Life-cycle

2

Drafting of Pre-Contractual Instruments and Important Clauses

1

Non-Disclosure Agreement, Memorandum of Understanding, Term Sheet, Letter of Intent (LOI), Drafting various important clauses of a contract

3

Introduction to Negotiation Techniques and Pitfalls

1

Negotiating terms, Approaches to Negotiation, Legal negotiations versus Business/commercial negotiations, Planning Negotiations, Goals and interests of the parties

4

Contract Review and Execution

1

Level One Review, Level Two Review, Level Three Review, Checklist while reviewing contracts, Execution formalities and processes

5

Drafting an employment agreement

1

Job Description of the Employee, Terms of Employment Employee benefits, Remuneration/compensation to the Employee, Leave Policy, Grounds for termination, Protection of Confidential Information, Ownership of Intellectual Property, Dispute Resolution

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