Course Modules

Module 1: Fundamentals of Legal Risk in Contracts

• Defining legal risks in contract management

• Common sources of contractual risks

• Role of contracts in organizational governance

• Legal frameworks governing contracts

• Risk management principles

• Case Study: Analyze a contract failure due to legal risks

Module 2: Drafting Effective Contracts

• Principles of clear and enforceable contract drafting

• Key contract clauses: scope, obligations, termination

• Addressing ambiguities and loopholes

• Tailoring contracts to specific industries

• Role of legal advisors in drafting

• Hands-on Exercise: Draft a contract clause for a hypothetical agreement

Module 3: Contract Negotiation Strategies

• Principles of effective contract negotiation

• Balancing risk allocation in negotiations

• Managing stakeholder expectations

• Documenting negotiation outcomes

• Avoiding common negotiation pitfalls

• Group Activity: Role-play a contract negotiation scenario

Module 4: Managing Contractual Compliance

• Monitoring compliance with contract terms

• Role of audits and performance reviews

• Addressing non-compliance and breaches

• Engaging with counterparties on compliance

• Tools for contract management

• Hands-on Exercise: Develop a compliance monitoring plan for a contract

Module 5: Resolving Contract Disputes

• Common sources of contract disputes

• Dispute resolution mechanisms: negotiation, mediation, arbitration

• Drafting dispute resolution clauses

• Role of courts in contract disputes

• Preventing escalation of disputes

• Final Exercise: Develop a dispute resolution plan for a hypothetical contract breach