Course Outline

Course Outline

Contract Drafting, Reading & Understanding

Ref No. Dates Venue Fee (US$)  
CM 006 10 - 14 Feb 2019 Dubai 4500 Register
CM 006 09 - 13 Jun 2019 Dubai 4500 Register
CM 006 22 - 26 Sep 2019 Dubai 4500 Register

Contract Drafting, Reading & Understanding

Introduction

Drafting, Reading & Understanding Contracts are important skills for professionals. The contract should accurately reflect the commercial deal, but often this is not the case as professionals do not fully understand the commercial and technical aspects of a transaction.

PROCLAD Academy’s Contract Drafting, Reading & Understanding training course will open up the barriers to creating quality contracts by explaining how contracts are drafted, read and interpreted. Tried and tested methods and skills will be demonstrated in order to give participants the ability to create clear and effective contracts.

The key features of PROCLAD Academy’s Contract Drafting, Reading & Understanding training course are:

  • General principles of contract drafting
  • Reviewing important clauses in the contract
  • Types of contracts and special considerations
  • Understanding standard contract terms and conditions
Learning Objectives

PROCLAD Academy’s Contract Drafting, Reading & Understanding training course will:

  • Equip delegates with the essential knowledge and skills that they need to draft, read and understand contracts
  • Look at frame agreements and standard terms
  • Explain what questions every contract should answer
  • Introduce steps that make reviewing contracts easy
  • Identify how to protect organisation’s interest and get the deal they want
Target Audience

PROCLAD Academy’s Contract Drafting, Reading & Understanding training course is designed for:

  • Decision-makers involved in drafting, reviewing and understanding contract terms
  • Contracts, Project & Procurement Professionals
  • In-house Legal Advisers
  • Engineers and other technical professionals who are required to prepare technical specifications or plans
  • All those who are required to draft contract terms and work with and implement contracts
Training Methodology

PROCLAD Academy’s practical and results-oriented Contract Drafting, Reading & Understanding training course is based on adult learning concept. It incorporates short inspiring lectures with structured lessons from the learning manual; captivating PowerPoint slides with videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment.

Course Outline
  • Planning the contract
    • Identifying the elements of the contract
    • Identifying and planning to draft to reflect the deal
    • Focusing on the right things and on the key terms
  • The drafting process
    • Formulating a process
    • Drafting and reviewing
  • Constructing a clause
    • Identifying and using techniques for structuring a clause
  • Obligations or permissive provisions
    • Drafting clearly for obligations
    • ‘Shall’, ‘must’, ‘may’
  • Techniques
    • Identifying techniques for clear drafting
    • Using simple words and avoiding technical language
    • Omitting unnecessary words
    • Using and misusing plurals
    • Applying the subject-verb-object approach
    • Understanding when to use the active or passive voice
    • Using punctuation
  • Applying other proven techniques
  • Commonly litigated words and phrases
  • Contract interpretation
    • Understanding the principles of contract interpretation
    • Identifying the effect of recent judgments on drafting commercial agreements
  • The biggest mistakes people make when reviewing contracts and how to avoid them
  • Questions to ask and have answers to when reviewing contracts
  • Steps to quickly and easily review contracts
  • What makes contracts legally binding
  • The extent to which verbal contracts can be enforced
  • Key terminologies in contracts
  • Key provisions contained in B2B contracts
  • Key price and payment concepts
  • Exclusion clauses issues
  • Significance of warranties and indemnities
  • Contract termination methods
  • B2B contract review and revision
  • Checklists
  • Force Majeure
  • Handling Disputes
  • Case Study Exercises
  • Personal Action Planning