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Focus
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The objective of the course is to introduce participants to the importance of drafting vetting commercial contracts. It is essential for individuals who are going to be involved in dealing with Contracts who will need an inside to deal with drafting vetting of commercial contracts. Real Contract issues are discussed and cases and the way to deal with issues common in contract and the pitfalls will also be discussed.
Objective
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By the end of the course, participants would have developed the approach to deal with issues of contracts. Drafting and vetting of contracts will be taught and participants will be given practical exercises and guidelines in approaching contracts as a whole. By the end of the course, participants would have a clear understanding of how to draft and deal with contracts and negotiate. Many practical examples will be used and key points will be discussed.
Protecting legal interest when signing a contract?
What terms should be agreed.
How to negotiate difficult terms
Balancing risk when agreeing to certain terms
The pitfalls in payment terms and what should be done?
Should the parties pay up 20% upfront?
What currency should be used for payment?
Payment by way of using LC and the advantages
What is meant by exemption liability clause?
Definition of exemption clause
Legal effects of exemption clauses
Industry practice of using exemption clause
Issues to be examined if a contract is to be terminated?
What issues to be examined before terminating a legal contract?
Business issues to consider before termination.
Negotiation skills needed in termination of contracts
What post termination clause must be included when the contract is terminated and why?
What post termination clauses must be incorporated?
What issues will arise when post termination.
Enforcement and methods of settlement
How indemnity clause should be dealt with when negotiating contracts.
What is an indemnity clause?
Risk involved in agreeing to indemnity clause
What do you mean by cross indemnity?
Solutions to handling indemnity clause
Insurance and its role when signing contract.
Why is insurance critical when contracts are signed.
What insurance policies should be taken?
Negotiation and settlement of insurance claims.
Importance of negotiating contracts and what skills are critical.
Arbitration and the Choice of law and settlement.
Should law of neutral country be used?
Is a better idea to use UK or US law in the circumstances?
How to make settlements and what issues to deal with.
Can the matter be settled amicably?
Must a settlement agreement be drafted and all settlement issues spelled out
Should an Attorney be involved in the negotiation of settlement?
What issues to balance before commencing legal action for breach of contract?
Is bringing legal action the best method of settlement.
What risk are involved if redress is to be obtained using litigation process
Who should attend
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Contracts Executives, Contracts Managers, Programme Managers, Project Engineers, Managing Directors, Group Financial Controllers, Company Directors, Sales Directors, Business Managers, Financial Controllers, Marketing Managers and Executives, Business Advisers, Bankers, Consultants, Company Secretaries, Administrators, Credit Executives, Finance and Operation Executives, Maintenance Managers, Accounts Supervisors, and ANYONE who wants to know about drafting and vetting of contracts.
David holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of experience in the private sector and he is presently working as an in house Legal Counsel for a local company.
Over the years, he has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education and for the Singapore Manufacturing Association.
If you are having trouble registering online then you may download and fill out this registration form and fax it to (65) 67490193.
