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Workshop on Procurement Agreements and Contracts
Description
This workshop dives deep into the legal and operational aspects of procurement agreements and contracts. It focuses on how to draft, review, negotiate, and manage procurement contracts that are compliant, enforceable, and aligned with organizational goals. Participants will explore real-world contract formats, clauses, and dispute resolution mechanisms specific to both public and private sector procurement.
How is this Workshop Helpful?
Poorly structured contracts can lead to legal disputes, budget overruns, and project delays. This session arms professionals with the legal insights and risk mitigation tools necessary to structure fair, transparent, and performance-based procurement contracts that protect organizational interests.
What Will You Be Able to Do After Attending?
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Understand key components of procurement agreements and legal frameworks
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Draft clear, enforceable, and compliant contract documents
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Evaluate clauses related to payment terms, liabilities, SLAs, warranties, etc.
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Manage vendor performance through contractual obligations
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Resolve contract disputes through legally sound procedures
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Reduce procurement risks through preventive contract design
What Will You Learn?
- Legal structure of procurement contracts (public and private)
- Elements of a valid and binding agreement
- Contract types: lump sum, cost-plus, framework agreements, etc.
- Key clauses: indemnity, termination, penalties, confidentiality
- Contract negotiation and drafting strategies
- Common mistakes in procurement contracting and how to avoid them
- Dispute resolution techniques: arbitration, mediation, litigation