Drafting & Vetting of Commercial Contracts
An important essential guide to understanding pitfalls and managing problems in Commercial Contracts
A Must Attend 1 day Practical Workshop
The objective of the course is to introduce participants to the importance of drafting vetting commercial contracts. It is essential for individuals who are going to be involved in dealing with Contracts who will need an inside to deal with Contractual issues. Real Contract issues are discussed and cases and the way to deal with issues common in contract and the pitfalls will also be discussed.
By the end of the course, participants would have developed the approach to deal with issues of contracts. Drafting and vetting of contracts will be taught and participants will be given practical exercises and guidelines in approaching contracts as a whole.
WHO SHOULD ATTEND?
Group financial controllers, company directors, business managers, financial controllers, business advisers, bankers, consultants, company secretaries, administrators, credit executives, finance and operation executives
How can I protect my legal interest when signing a contract?
What terms should be agreed.
How to negotiate difficult terms
Balancing risk when agreeing to certain terms
What are the pitfalls in payment terms and what should be done?
Should the parties pay up 20% upfront?
What currency should be used for payment?
Payment by way of using LC and the advantages
What is meant by exemption liability clause?
Definition of exemption clause
Legal effects of exemption clauses
Industry practice of using exemption clause
What must be done if a contract is to be terminated?
What issues to be examined before terminating a legal contract?
Business issues to consider before termination.
Negotiation skills needed in termination of contracts
What post termination clause must be included when the contract is terminated and why?
What post termination clauses must be incorporated?
What issues will arise when post termination.
Enforcement and methods of settlement
How indemnity clause should be dealt with when negotiating contracts.
What is an indemnity clause?
Risk involved in agreeing to indemnity clause
What do you mean by cross indemnity?
Solutions to handling indemnity clause
Insurance and its role when signing contract.
Why is insurance critical when contracts are signed.
What insurance policies should be taken?
Negotiation and settlement of insurance claims.
What issues to balance before commencing legal action for breach of contract?
Is bringing legal action the best method of settlement.
What risk are involved if redress is to be obtained using litigation process
ABOUT THE TRAINER
Mr David Shanmugam holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of legal experience in the private sector and is presently working in a law firm. David is also an Advocate & Solicitor of the Supreme Court of Singapore.
Over the years, he has conducted legal training for the corporate sector on various practical legal issues facing the corporate field and lectured for many training institutions on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. David has also conducted legal training programmes for the Singapore Association Institute of Chartered Secretaries and Administrators.