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Course Outline SECRETS OF CONTRACT MANAGEMENT When we form supply and services contracts, we want to believe everything will work well and usually, our contracts reflect this optimism. Unfortunately – especially in troubled times when economies are contracting and companies are looking to save money – sometimes, failure to plan can become ‘planning for failure.’ Such failures can not be avoided in all cases but many can be minimized in their adverse effects – if we have the right tools in our contracts – and if we act carefully. Contractual agreements are much more than mere words agreed to on a piece of paper. Contracts are also about relationships. These relationships need to be managed if they are to achieve the goals of the contract. There are a host of external issues between the parties that affect both contract formation and enforcement, for better or for worse. And, there are a myriad of reasons why a Contract Manager must spend time, effort and money to manage contractual relationships. There is one reason, however, that stands out above the rest, and that has to do with law and legality. Mistakes in legal aspects of contracts can spell disaster, logistically and financially, for everyone in the contract matrix. In this seminar, you will learn what the important legal aspects of contract management are, and how to manage your contracts to maximize contractual success and minimize the legal risk inherent in contracting.
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