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Learn Commercial Contract Drafting & Force Majeure Impact on Contract Negotiation
19 Jan, 2024
1 Day
$449.00
Online
About The Program
Negotiating and drafting commercial contracts has become an indispensable part of any business transactions in today’s highly competitive and cost-conscious environment. It has become necessary that contracts should be aligned with business requirements as every business transactions are governed by contracts and agreements. Legal Professionals are required to be well versed with the drafting techniques and expertise to foresee the risk and handle in the best interest of their organizations.
The upcoming Commercial Contract Masterclass focuses on critical issues in commercial and legal areas pertaining to commercial agreements and will guide you to improve your negotiating and drafting skills. This training will also help the organization to reduce exposure, avoid litigation and implement dispute management by being fully conversant with the knowledge, skills and strategies in ensuring that the contracts are well negotiated, properly drafted and managed. The masterclass will also discuss on cross-border agreements and on identification and mitigation of contractual risks and dispute resolution clauses.
Determining the needs, rights and obligations of negotiating parties
Deal or no-deal situations – how to keep the options open
What is binding and non binding MoUs or Term Sheets
The boundaries of negotiating and re-negotiating contracts
Basics of Structuring Foreign Collaborations and Joint Ventures
Understand the elements effecting negotiation process – Culture, Language & Legal System
Day 1 Session 2 (SGT) 12:30 PM - 02:00 PM
A Hands-on Guide to Drafting Commercial Contracts
What is a Commercial Contract- The contract law fundamentals & elements
Difference between an MoU, a letter of intent, an agreement and a contract
Formation of contract: The art of drafting an effective commercial contract
Drafting techniques: Indemnity and risk allocations, recitals, boilerplate provisions
Understanding varied types and interpretations of contract clauses – force majeure, liquidated damages, risk purchase, warranty, limitation of liability, etc
Analysing how letters of intent, heads of agreement and memoranda of understanding affect a contract
