Mastering Legal Negotiation & Contract Management Training Courses


Managing Contractual Liabilities Issues and Risk Course

Introduction:

Every commercial transaction carries inherent risks. Your organization can tactically manage these through contractual management, which entails determining the nature, content, and consequences of both your own and the other party's actions and omissions.

Well-designed contracts outline a range of liabilities, assigning rights, responsibilities, and obligations to each party involved. Thus, they form the nucleus of contractual management. These liabilities can be efficiently monitored and controlled through various contractual mechanisms, mitigating contractual risk in project management.

This highly interactive Managing Contractual Liabilities training course aims to dissect how your organization can pinpoint and address key contractual risks and liabilities, understand their significance, interpret their consequences, identify which party bears the risk, and who is accountable for the repercussions.

The contractual liability management course emphasizes adopting the most effective strategies to navigate critical contractual liability topics to minimize potential exposure to financial loss and reputational harm.

Understanding Contractual Liability and Coverage:

Define contractual liability as the legal obligation one party assumes on behalf of another via a contract. The contractual liability management course will elaborate on what contractual liability means and how organizations can ensure adequate contractual liability coverage.

Participants in this contractual liability management training will explore the nuances of limited contractual liability clauses, the implications of joint contractual liability, and the importance of securing blanket contractual liability coverage.

Target Groups:

  • Contract Engineers.
  • Project Managers.
  • Procurement and Purchasing Staff.
  • Finance and Audit Professionals.
  • Anyone involved in the management of risk.

Course Objectives:

Participants in this contractual liability management course will be able to:

  • Identify when a contract becomes legally enforceable.
  • Assess and manage key contractual liabilities.
  • Analyze how indemnities operate across different industries.
  • Evaluate the need and implementation of various types of insurance.
  • Devise strategies to handle claims and disputes effectively.

Targeted Competencies:

Target competencies in this contractual liability management course will be able to:

  • Understanding the nature of contracts and contracting structures.
  • Identifying principal contractual liabilities.
  • Risk management through indemnities.
  • The purpose and scope of insurance, as well as types and limitations.
  • Utilizing contract provisions to mitigate the risk of disputes.

Course Content:

Unit 1: Contract Formation, Structure, and Risk:

  • Legal enforceability of contracts.
  • Key contractual elements and structure.
  • Ancillary documents and related issues.
  • Navigating different legal environments.
  • Defining and mitigating risk.
  • Managing key contractual risks.

Unit 2: Managing Contractual Risks and Liabilities:

  • Managing performance quality and timeliness.
  • Controlling ownership and risk of loss or damage.
  • Tackling risks from external events.
  • Structuring pricing and payment terms.
  • Strategies for limiting and excluding liability.
  • Dealing with breach of contract scenarios.

Unit 3: Indemnities Unmasked:

  • Understanding indemnities and their functions.
  • Differentiating between simple and gross negligence.
  • How do indemnities operate in various legal systems?
  • Protecting people and property.
  • The practice and implications of cross indemnities.
  • Managing catastrophic risk.

Unit 4: Insurance: Purpose, Types, Limitations:

  • The rationale behind insurance and its coverage spectrum.
  • Various insurance types: people, property, product liability.
  • Specifics of motor, aviation, and marine insurance.
  • Addressing environmental liability.
  • Arranging insurance to benefit the concerned parties.
  • Efficient claims-handling processes.

Unit 5: Contractual Dispute Management:

  • Stages of dispute resolution mechanisms.
  • Negotiation—tools and techniques.
  • Exploring alternative dispute resolution options.
  • Understanding litigation and arbitration.
  • Enforcement of contractual terms and resolutions.

Amsterdam (Netherlands)
22 - 26 Jul 2024
4900 Euro
Barcelona (Spain)
29 Jul - 02 Aug 2024
4900 Euro
Geneva (Switzerland)
05 - 09 Aug 2024
5500 Euro
Manama (Bahrain)
25 - 29 Aug 2024
3900 Euro
Sharm El-Sheikh (Egypt)
25 - 29 Aug 2024
3500 Euro
Cairo (Egypt)
25 - 29 Aug 2024
3000 Euro
Cairo (Egypt)
08 - 12 Sep 2024
3000 Euro
Rome (Italy)
23 - 27 Sep 2024
4900 Euro
Barcelona (Spain)
14 - 18 Oct 2024
4900 Euro
Madrid (Spain)
21 - 25 Oct 2024
4900 Euro
Istanbul (Turkey)
27 - 31 Oct 2024
4200 Euro
Kuala Lumpur (Malaysia)
03 - 07 Nov 2024
3900 Euro
Online
03 - 07 Nov 2024
1500 Euro
London (UK)
11 - 15 Nov 2024
5200 Euro
Vienna (Austria)
02 - 06 Dec 2024
4900 Euro
Paris (France)
16 - 20 Dec 2024
4900 Euro
Dubai (UAE)
22 - 26 Dec 2024
3900 Euro
Barcelona (Spain)
30 Dec 2024 - 03 Jan 2025
4900 Euro
Amsterdam (Netherlands)
06 - 10 Jan 2025
4900 Euro
Online
19 - 23 Jan 2025
1500 Euro
Brussels (Belgium)
27 - 31 Jan 2025
4500 Euro
Rome (Italy)
03 - 07 Feb 2025
4900 Euro
Madrid (Spain)
10 - 14 Feb 2025
4900 Euro
Dubai (UAE)
16 - 20 Feb 2025
3900 Euro
Sharm El-Sheikh (Egypt)
23 - 27 Feb 2025
3500 Euro
Istanbul (Turkey)
23 - 27 Feb 2025
4200 Euro
Lisbon (Portugal)
03 - 07 Mar 2025
4900 Euro
London (UK)
03 - 07 Mar 2025
5200 Euro
Kuala Lumpur (Malaysia)
09 - 13 Mar 2025
3900 Euro
Cairo (Egypt)
09 - 13 Mar 2025
3000 Euro
Casablanca (Morocco)
24 - 20 Mar 2025
3000 Euro
Vienna (Austria)
24 - 20 Mar 2025
4900 Euro
Manama (Bahrain)
30 Mar - 20 Apr 2025
3900 Euro
Paris (France)
31 Mar - 20 Apr 2025
4900 Euro
Milan (Italy)
05 - 20 May 2025
4900 Euro
Online
11 - 20 May 2025
1500 Euro
London (UK)
19 - 20 May 2025
5200 Euro
Boston (USA)
26 - 20 May 2025
5500 Euro
Istanbul (Turkey)
01 - 20 Jun 2025
4200 Euro
Munich (Germany)
02 - 06 Jun 2025
4900 Euro

Mastering Legal Negotiation & Contract Management Training Courses
Managing Contractual Liabilities Issues and Risk Course (LG)

 

Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.