Details

Live Class 1: Introduction to Contract Law Made Simple

What is a contract | Examples |Offer and acceptance |Consideration  |Consent | Legal purpose  | Why written contracts are better than verbal agreements

 

Live Class 2: Understanding Key Contract Terms – The Language You Must Know

Breakdown of important terms: Indemnity, Liability, Termination, Confidentiality, Force Majeure, Breach, Warranties, Representations, and Disclaimers | What these mean in practice for procurement, supply chain, and logistics teams | How to read them in your own contracts

 

Live Class 3: Pre- and Post-Contractual Instruments in Procurement

Understanding key instruments before and after signing a contract | What are: LOI (Letter of Intent), LOA (Letter of Acceptance), MOU (Memorandum of Understanding), NDA (Non-Disclosure Agreement), RFP (Request for Proposal), RFQ (Request for Quotation), Work Orders, POs, and Addendums | Their legal standing and practical use in procurement

 

Live Class 4: Contracts in Procurement – Why They Matter

Procurement is not just buying – it’s managing relationships with suppliers  | How contracts protect your company: timelines, prices, service quality  | Real-world examples: A delayed delivery without a contract vs. with a contract | Roles involved: Procurement officers, vendors, legal teams

 

Live Class 5: Basic Contract Structure – Don’t Fear the Legal Words

Common sections in contracts: Scope, Payment terms, Delivery schedules, Termination conditions and commercial clauses | Explaining "boilerplate" clauses in simple terms

 

Live Class 6: What Can Go Wrong – And How Contracts Help

Missed deliveries, poor-quality goods, late payments | SLAs (Service Level Agreements) | SOW (State of Work) | PO (Purchase Order) | WO (Work Order) and others

 

Live Class 7: Logistics Contracts

What is a logistics contract | What are Incoterms? Basic terms like FOB, CIF, etc.| Who is responsible if goods are lost or damaged in transit?| Importance of delivery schedules and delay penalties

 

Live Class 8: Managing Risk and Responsibility

How to make sure everyone knows their role in case of delays, accidents, or damages |What is indemnity? |Insurance in logistics contracts | Risk transfer and liability

 

Live Class 9: When Things Go Wrong – Disputes and Solutions

Breach of contract | Force Majeure |Negotiation instead of litigation | Mediation, arbitration, and friendly settlements – contract-based dispute resolution

 

Live Class 10: Contract Life Cycle Management

CLM (Contract Lifecycle Management) | Significance of CLM to procurement/logistics teams | Abstraction | Amendment | What is Assignment | Novation?| Renewal, expiry, and contract close-out

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.