Supervising The Process of Contract’s Construction
The Deal Involved In The Contract
Special Tricks to Negotiate Effectively
Learning The Offer and Acceptance
Learning The Battle of The Forms
Learning About The Consideration and Intentions
2. Hands on Guide Drafting Commercial Contract
What is a Commercial Contract The Contract Law Fundamentals & Elements
Difference Between MOU, Letter of Intent an Agreement
Converting MOU, Letter of Intent into a Formal Contract
Formation of Contracts Techniques in Drafting Contracts
Introductory Provisions Including Parties, Recitals, Definitions
Critical Provisions Including Appointment, Conditions Precedent, Consideration, Covenants, Term & Termination, Representations, Warranties and Indemnities
General Clauses like Governing Law, Arbitration, Force Majeure, Arbitration, etc
3. Tender Process and Different Contract Types
Auctions and Bids
Process Dealing With Tender
Inviting Tender
Proposal’s Request
Quotation’s Request
Prequalification
Compliance
Letters of Award
Heads of Terms and Letters of Comfort
Deciding The Type of Contract to be Used
Advantages and Disadvantages
Fixed Fee to Solve The Problem
Modern Methodology
Clauses to Adjust The Economic Price
Bonds and Guarantees
Compliance With Law/Change of Law
4. Main Contract Clauses
Obligation to Deliver/Perform
Controlling Subcontractors
Monitoring and Milestones
Payment’s Secure
Ensuring Prompt Payment
Nonpayment Remedies
Learning the Usage of ‘Letters of Credit’
Parent Company Guarantees
Time and Place of Delivery
Transfer of Title and Risk ICC Incoterms
The Retention of Title Clauses
The Important of Time
Delivery, Ownership and Risk in Procurement
Insurance
Indemnities When We Need Them
Liquidated Damages/Penalties and the Dangers
5. Other Key Considerations During the Commissioning Process
