Course Detail(LS008 : Drafting and Vetting Commercial Contracts)

LS008 : Drafting and Vetting Commercial Contracts

7.00 CPE Hours (Others)
Classroom

Programme Objective


The objective of the seminar is to introduce participants to the importance of drafting and vetting of commercial contracts. It is essential for individuals involved in dealing with contracts to have a basic understanding of contractual terms and issues. Contract issues based on real cases are discussed. The way to deal with issues common in contract and the pitfalls in drafting a contract will also be covered.

At the end of the seminar, participants would have developed a better understanding of the various ways to deal with issues of contracts. Drafting and vetting of commercial contracts will be taught and participants will be given practical exercises and guidelines in approaching contracts as a whole.  

 

Programme Outline

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

Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

Group financial controllers, company directors, business managers, financial controllers, business advisers, bankers, consultants, company secretaries, administrators, credit executives, finance and operation executives.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

11 Nov 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

David Shanmugam

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

20 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

David Shanmugam

Date & Time

22 Apr 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

David Shanmugam

Date & Time

30 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

David Shanmugam

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


David Shanmugam

David Shanmugam has many years of legal experience in the private sector and is currently working as an in-house Legal Counsel for a local company. He holds a Bachelor of Law degree from the University of London and a Master of Business degree from Victoria University.

Over the years, David has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on business and company law. His forte lies in the field of corporate and commercial drafting of contracts, including company matters.

Programme Objective


The objective of the seminar is to introduce participants to the importance of drafting and vetting of commercial contracts. It is essential for individuals involved in dealing with contracts to have a basic understanding of contractual terms and issues. Contract issues based on real cases are discussed. The way to deal with issues common in contract and the pitfalls in drafting a contract will also be covered.

At the end of the seminar, participants would have developed a better understanding of the various ways to deal with issues of contracts. Drafting and vetting of commercial contracts will be taught and participants will be given practical exercises and guidelines in approaching contracts as a whole.  

 

Programme Outline

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

Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment
 

Intended For

Group financial controllers, company directors, business managers, financial controllers, business advisers, bankers, consultants, company secretaries, administrators, credit executives, finance and operation executives.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

David Shanmugam

David Shanmugam has many years of legal experience in the private sector and is currently working as an in-house Legal Counsel for a local company. He holds a Bachelor of Law degree from the University of London and a Master of Business degree from Victoria University.

Over the years, David has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on business and company law. His forte lies in the field of corporate and commercial drafting of contracts, including company matters.

Upcoming Schedule

Date & Time

11 Nov 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

David Shanmugam

Venue

60 Cecil Street
ISCA House
Singapore 049709