By deciphering complex concepts into manageable terms, this workshop provides non-lawyers with a foundation in contract law. Participants will gain a basic understanding of contract formation, negotiations, potential pitfalls, contract content including exemptions and terms as well as ending contracts and contract terminations and breaches.
Understand contractual terms and their impact on the business
Explore key elements of commercial contracts
Analyze commercial risks and opportunities in terms of your own business environment
Be able to propose appropriate means to mitigate risks
Discover how to review third-party contracts effectively
Learn how to identify areas that require specialist legal advice or Board-level approval
Find out how to use internal or external legal resources more effectively
While this course would especially benefit those who come into contact with contracts, it is for anybody wanting to gain a basic understanding of contract law.
benefit to your business
A Memory Game - get those grey cells working!
Exercise: Buying a commodity
Consequences of Confusion - the pain of getting it wrong
Defining Commercial Relationships - the fundamental markers
Exercise: Define a typical deal for your business
Exercise: Which legal terms define each area of the relationship?
Who Does What When?
- Vendor Responsibilities
- The importance of clear specifications and change control
- Purchaser Responsibilities
- Delivery
- Intellectual Property
- The importance of timing
When Does Payment Occur?
- Defining Milestones
- Good Acceptance Criteria
- Readiness for Invoicing
- Taxes and other payment headaches
Exercise: Comparing vendor and purchaser acceptance provisions
What Happens if Things Go Wrong?
- Warranties and warranty remedies
- Limiting liability
- Indemnities
- Confidentiality
- Liquidated Damages
- Applicable law and dispute resolution
- Termination
- Survival provisions
Exercise: Comparing vendor and purchaser warranty provisions
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractors but also with managers, fellow employees, and colleagues within our own organization.
Pressure equipment such as boilers, pressure vessels, heat exchangers, pressure piping, and associated safety equipment are widely used in many industries (e.g., hydrocarbon processing, chemical, power, pharmaceutical, and manufacturing). Pressure vessels and piping store energy and potentially hazardous fluids and thus have inherent safety risks. Pressure equipment designs are performed in compliance with applicable Regulations, Codes, and Standards and follow sound engineering practices to ensure structural integrity and safeguard public safety. The design covers material selection, stress analysis, fabrication, testing, inspection, operation and failure analysis, codes, standards, and regulations.
ASME Plant Inspector Level 1 Course provides the fundamental principles of the inspection, assessment, and management of fixed pressure equipment. The content of the course is delivered in a systematic manner, from the inspection planning process to inspection practices and evaluation of the associated equipment. It is aimed at the upstream and downstream Petrochemical industry but is equally relevant to stakeholders from other sectors that utilize pressure equipment.
One of the most well-known IT management and governance frameworks is COBIT 5 Foundation. The framework is adaptable to all organizations of any size.
In addition to giving you an advantage over your peers in terms of professional growth, COBIT 5 offers internationally recognized principles, practices, tools, and models to assist boost the trust and value in IT.
This training offers insights into the world of corporate finance, risk, and governance. Capital markets are central to the globalization phenomenon and essential for a well-functioning society. Because of this centrality and essential nature to societies, focus and attention must be paid to their proper functioning and oversight. To that end, this program offers an overview of the interaction between management and all other stakeholders. Diverse and complex stakeholder demands are best met by an efficient allocation of resources over an extended period.
This program will provide the participant the know-how to: Understand Strategic alliances; Management system needs of Strategic alliances; Causes of Failure of Alliances; Determining the suitability of a proposed alliance