CM0103-3D : Legal Aspects of Contracts & Contracts Risk Management & Compliance

This practical and highly-interactive course includes real-life case studies where participants will be engaged in a series of interactive small groups and class workshops.

This course is designed to provide participants with a detailed and up-to-date overview of Legal Aspects of Contracts and Contracts Risk Management and Compliance. It covers the contract law, essential elements of a valid contract, types of contracts and key contractual clauses; the contract lifecycle management, principles of effective contract drafting, contract interpretation rules and risk allocation through contracts; negotiating key terms and identifying cross-border contracts; and the contract risks and risk assessment tools and frameworks.

Further, the course will also discuss the mitigation of contractual risks, complying risks in contracts and monitoring and auditing contract risks; the contract compliance frameworks and corporate governance in contracts; the ethics in contract management and regulatory and legal compliance issues; the technology in compliance management and breach of contracts and remedies; and the dispute resolution mechanisms and international contract enforcement.

During this interactive course, participants will learn the continuous improvement in contract management covering post-contract reviews and audits, updating contract templates and playbooks and building organizational knowledge base; and the best practices in contract risk and compliance by standardizing clauses across the organization, embedding compliance in procurement policies, training and upskilling contract managers and building a culture of accountability.