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