The Anatomy of an International Contract

Course Description

This course has been specially written for managers and directors and technical personnel who have all have international contractual responsibilities and who need a better understanding of how contracts are negotiated, how it fits in with tendering and procurement and how in the final analysis the contract is put together.

The course is designed for people with little or no knowledge of law and introduces participants to some of the most commonly used legal concepts and as well as international terminology.

The course draws heavily on “real-life” examples taken from actual contracts and delegates are given a free copy of a standard Design and Build Contract used in the Oil and Gas Industry.

Who will benefit

• Anybody seeking a clearer understanding of international contracts’ terminology and contract terms and conditions
• Anybody wishing involved in contract formation
• Anybody looking to understand the legal rationale behind their contracts in order to make better business decisions

Why you should attend

Contracts are the underpinning of all business relationships and are at the centre of your organization’s day to day operation.

• Basic awareness of contract operation is now regarded as a core competency
• Contracts become easier when the jargon is understood
• You will feel confident when discussing legal contractual issues with colleagues
• You will feel confident in putting your ideas across in a language that your legal department will understand

Key topics

• The Common law and Civil Law systems and knowing the pitfalls
• Understanding Obligations
• Usual Clauses in a Contract
• General Terms and Special Terms
• Procurement and the Special Terms
• Transfer of Risk and Transfer of Ownership
• Breach of Contract and Non-Performance
• Consequential Loss
• Liquidated Damages
• Rescission, Repudiation and Termination
• Indemnities, warranties, guarantees
• Security for performance
• Suspension and Force Majeure
• Defects and Defective Performance
• Accidentally to agreeing to things by Actions

Course details

• Blended learning using internet searches, videos, workshops, group sessions, and “edutainment”!
• Accelerated learning techniques to improve understanding and long-term retention
• Contracts considered from a non-legal perspective, not a lawyer’s.

Course Duration: 3 Days