Course Details

by Adv Krithika

Advance Certificate Course in Contract Life Cycle Management

Drafting, Management Negotiation and Review of Contract is a mandatory part and parcel of the job description of any Legal Profession irrespective of the factor of litigation and non-litigation. Hence forth mastery over this skill is a prerequisite for every legal professional. Though the Law is different across the countries, there are a lot of similarities in the concept of contractual laws.

 

The Advanced Certificate Course in Contract Life Cycle Management (CLM) is designed to provide professionals with a comprehensive understanding of managing contracts from inception to completion. This course covers essential topics, including the different types of contracts, the stages of the contract lifecycle, pre-contractual instruments, negotiation, drafting, execution, review, and termination of contracts. Participants will gain practical insights and hands-on experience through detailed walkthroughs and case studies, ensuring they are well-prepared to handle complex contract management tasks in various industries.

 

This course is ideal for legal professionals, contract managers, procurement officers, project managers, and anyone involved in the management of contracts. It is also suitable for individuals seeking to advance their careers in contract management by gaining specialized knowledge and practical skills.

 

This course on Advanced Certificate Course in Contract Life Cycle Management is a good investment for up scaling the skill set.

 

Features of the Course:

  • Customized and practical oriented Course
  • Verifiable E-Certificate
  • Life time access to session and resources
  • Live Chat Support
  • Exhaustive syllabus and Comprehensive classes.

 

Learning Outcome:

  • Understand and identify various types of professional contracts and their essential elements.
  • Comprehend the goals, stages, and key stakeholders involved in the Contract Lifecycle Management (CLM) process.
  • Prepare and manage pre-contractual documents such as invitations to offer, term sheets, letters of intent, and letters of award.
  • Conduct successful client meetings and apply effective negotiation strategies.
  • Draft comprehensive contracts by identifying key parties, clauses, and contract objectives.
  • Perform thorough contract reviews utilizing checklists and redlining techniques.
  • Navigate the contract termination process and draft termination notices.
  • Manage contracts effectively, including contract administration, management, and performance auditing.
  • Apply techniques for clear and concise contract abstraction.
  • Integrate core principles of Contract Life Cycle Management into daily practices.

 

Eligibility Criteria

Anyone interested to learn about Contract Life Cycle Management can register for this course.

 

Course Details:

Mode: Self-paced

Course Duration: 3 months from the date of enrolment

Fees: Rs.999/- (20$)

Language: English

Access: 24/7 online access

Modules: 20 Modules

Learning Materials: Video lectures, Assessment, and assignments

Assignment: descriptive type of answering at the end of each module

Assessment: both descriptive and objective type of answering at the end of course

Feedback: Regular feedback on assignments and projects

Certification: E-Certificate of completion upon successfully finishing the course and completing both assessment and assignment. Hardcopy of the E-Certificate will be shared on payment of additional fee for the same.

Support: Mentor Q&A sessions via WhatsApp and other platforms

Prerequisites: Anyone who is interested

Enrolment: Open enrolments start at any time

Marks/Grades : Students scoring between 90 and 100 marks will receive an A+ grade, those with 80 to 89 marks will receive an A grade, students achieving between 70 and 79 marks will be awarded a B+ grade, scores between 60 and 69 will result in a B grade, those with 50 to 59 marks will receive a C+ grade, and students scoring between 40 and 49 marks will receive a C grade.

Cancelation and other Policies: As per Terms and Conditions

 

This is a self-paced course. After successful enrolment, you can start the course. Once enrolled the course should be completed within 03 months from the date of enrolment. If not, then the ennoblement will be cancelled.

An E-Certificate will be awarded within 24 business hours after submitting the assessment. The assessment consists of two phases carrying 50% of marks each. The first phase occurs at the end of each module. Please ensure you watch the entire video. Answers can be handwritten or typed. Scan (ensuring good clarity and alignment) or convert them to PDF and upload them to the provided Google Form. The second phase of the assessment will be conducted via the Google Form provided.

P.S. Completion of the assessment is mandatory for obtaining certification. In cases of excessive plagiarism, the Institute reserves the right to require the student to re-attempt the assessment."



Details


Module 01: Contract and Types of Professional Contracts

Introduction | Essential Elements of a Contract | Types of Contracts | Contracts | Supplementary Agreements | Contract Amendment and Contract Addendum | Contract Renewal and Contract Extension

 

Module 02: Introduction to Contract Life Cycle Management

Introduction to CLM | Goals of the Contract Lifecycle Management Process | Stages of Contract Lifecycle Management Process | Key Stakeholders in Contract Management

 

Module 03: Pre-Contractual Instruments

Pre-contractual phase | Invitation to offer | Offer | Term Sheet | Letter of Intent | Letter of Award | Acceptance of Contract Award | Proof of Funds| Request for Information | Request for Proposal | Request for Quotation | Key Performance Indicators

 

Module 04: Walkthrough of Pre-Contractual Instruments

RFQ | Term Sheet | Cancellation of RFQ | Official Communication

 

Module 05: Client Meetings

Preliminary Preparations | Client Meetings | Notes (MOM)

 

Module 06: Negotiation

Introduction to Negotiation | Objective of Contract Negotiation | Importance of Contract Negotiation | Elements to Negotiation | Styles of Negotiation | Challenges faced in Negotiation | Contract Negotiation Strategies | Stages of Negotiation | Types of Negotiation | Negotiation Summary | Soft Skills and Negotiation | SWOT Analysis | Best Practices for a successful Negotiation

 

Module 07: Walkthrough of Negotiation Summary

Negotiation Checklist | Negotiation Summary

 

Module 08: Contract Initiation and Planning

Identifying the need and the contract | Defining contract objectives and scope | Risk assessment and management in contract planning | Stakeholder communication and engagement | Research | Modification of Contract to suit the industry needs

 

Module 09: Contract Drafting

Importance of Contract Drafting | Preliminary Actions | Identification of the parties | Blueprint of Contract | Clauses in the Contract | Dates of the contract

 

Module 10: Execution Of Contract

Contract Engrossment | Execution of Contract

 

Module 11: Walkthrough contract drafting

Contract Drafting

 

Module 12: Contract Review and Redlining of Contract

Contract Review | Contract Review Checklist | Redlining of Contract | Redlining - Then & Now!! | Advantages of Redlining | Manual Redlining or Proofreading of Contract Document | Digital Redlining or Proofreading of Contract Document | Best Practices

 

Module 13: walkthrough Risk rating and review/redlining of contract

Contract Review and Redlining | Contract Risk Rating

 

Module 14: Termination Of Contract

Termination for Convenience / Termination of contract by agreement | Termination for Cause / Termination of contract for breach | Termination by dispensing the promise / Termination of contract by performance | Termination of contract by frustration or force majeure | Termination Process

 

Module 15: Walkthrough Termination Notice

Termination Notice Template | Drafting

 

Module 16: Contract administration, management, KPI and Audit plan

Contract Administration | Contract Management | Key Performance Indicators | Audit of Contract and its Performance

 

Module 17: Contract Abstraction

Contract Abstraction | Importance of contract abstraction in legal and business contexts | Key elements and clauses commonly found in contracts | Techniques for Contract Abstraction | Best practices for clear and concise abstraction | Common pitfalls and solutions

 

Module 18: Walkthrough Abstraction Process

Contract Abstraction Template | Contract Abstraction Demonstration

 

Module 19: Principles involved in Contract Life Cycle Management

Principles involved in Contract Life Cycle Management

 

Module 20: Revision and Conclusion

 

 


Adv Krithika is a passionate First-Generation Advocate who discovered the love for law by chance, making it the cornerstone of her life. Today for her Law isn’t just a profession but a way of life. With an LL.M in Criminal Law, an LL.M in Business Law, and a Post Graduate Diploma in Criminal Justice. She believes that experience is the best teacher and diversity is its classroom. Her diverse career spans startups, universities, and prestigious law firms, MNC, enriching her expertise across various work cultures. As a dedicated educator, she has shared their industry knowledge through roles in multiple NGOs across the country. At the Indian Institute of Industrial and Professional Studies, she mentors law students and professionals, inspiring a love for lifelong learning. With over 8 years of experience, she believes in the boundless pursuit of knowledge, always striving to surpass yesterday’s achievements, embrace tomorrow’s challenges, and live her best today.