training@mercury-training.com
Istanbul-Turkey: +905395991206 - Amman-Jordan: +962785666966 - London (UK): +447481362802

Legal & Contracts Management Courses


Managing Contractual Liabilities

REF:

LG9064_240361


DATE:

08 - 12 Aug 2022

LOCATIONS:

UK (London)

INDIVIDUAL FEE: 4500


Introduction:

Every commercial transaction carries risk: your organization can manage risk by contractually determining the nature, content, and consequences of both yours and the other party’s actions and omissions. Contracts give rise to a range of liabilities by parties assuming rights, responsibilities, duties, and obligations, but which can be managed through contractual mechanisms.

This highly interactive Managing Contractual Liabilities training course considers how your organization can identify and manage key contractual risks and liabilities – what are they, what do they mean, what are the consequences, who takes the risk, and who pays? It focuses on how best to deal with key contractual liability issues to minimize your potential exposure to both the financial consequences and damage to your reputation

Targeted Groups:

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

Course Objectives:

At the end of this course the participants will be able to:

  • Identify when a contract becomes legally enforceable
  • Assess and manage key contractual liabilities
  • Analyze the way indemnities operate across industries
  • Evaluate the need and use of different types of insurance
  • Compare ways of dealing with claims and disputes

Targeted Competencies:

  • Nature of contracts and contracting structures
  • Principal contractual liabilities
  • Managing risk through indemnities
  • The purpose of insurance, types and limitations
  • Using contract provisions to reduce the risk of disputes

Course Content:
Unit 1: Contract Formation, Structure, and Risk:

  • How and When is it Legally Enforceable
  • Key Contractual Elements and Structure
  • Ancillary Documents and Issues
  • Different Legal Environments
  • Defining Risk – Identification and Impact
  • Key Contractual Risks

Unit 2: Managing Contractual Risks and Liabilities:

  • Performance – Quality and Time
  • Ownership and Risk of Loss or Damage
  • External Events
  • Pricing and Payment
  • Limiting and Excluding Liability
  • Breach of Contract

Unit 3: Indemnities Unmasked:

  • What Are They, How Do They Work?
  • Negligence – Simple or Gross?
  • Operation in Different Legal Systems
  • People and Property
  • Cross Indemnities
  • Catastrophe Risk

Unit 4: Insurance: Purpose, Types, Limitations:

  • Why Insure and What It Covers
  • People, Property and Product Liability
  • Motor, Aviation, and Marine Insurance
  • Environmental Liability
  • Who Arranges, For Whose Benefit?
  • Claims Handling

Unit 5: Contractual Dispute Management:

  • Tiered Dispute Resolution Mechanisms
  • Negotiation – Tools and Techniques
  • Alternative Dispute Resolution
  • Litigation and Arbitration
  • Enforcement

Legal & Contracts Management Courses
Managing Contractual Liabilities (LG9064_240361)

REF: LG9064_240361   DATE: 08.Aug.2022 - 12.Aug.2022   LOCATIONS: UK (London)  INDIVIDUAL FEE: 4500 

 

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.

Istanbul Office (Turkey)

training@mercury-training.com +905395991206

London (UK)

training@mercury-training.com +447481362802

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training@mercury-training.com +962785666966