In today’s highly competitive and cost-conscious environment, knowing how to draft commercial contracts including Business, Supply and Sales Contracts is an important part of business activity. It is vital that contracts be aligned with business expectations as if it is not drafted as needed, the contract will fail to perform. It is important to translate the business deal into contract concepts using proper contract drafting techniques and rules.

It requires legal and Non-professionals to be well versed with the drafting techniques of commercial contracts to foresee the risk and balance the risk allocation and have analytical thinking to handle contracts in the best interest of their organization.

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Commercial Contracts Drafting: Review, Draft and Minimise Risk

https://portal.itrainingexpert.com/course_info.php?id=52

By the end of the Commercial Contract Drafting training, you will be able to:

• Better discuss the contract negotiating and understand Pre-Contractual documents
• Identify the boundaries between degree of binding and Non binding commitment in Pre Contractual documents
• Use Contract drafting techniques to write Pre Contractual wording
• Understand how Letter of Intent is drafted
• Set up the Agreement as a whole showing the movements in the different segments of the contract collectively and individually;
• Draft into contracts the different types of conditional clauses and exceptions, Crave-outs and Triggering Events to prevent the obligation from breach of non-performance;
• Identify the unfair conditions of contracts and how to draft it better using contract drafting rules
• Understand the legalese words used in obligations and the meaning they carry in the contracts including the preference for words used in negotiations; words used in reference to the whole contract and preference for interpretation which gives terms effect;
• Understand the tools used in risk allocation and assessment including Force Majeure; Exclusion clauses and Limitation clauses;
• Use Best practice rules for Warranties and Disclosures as allocation of risk in the contract;
• Draft out Indemnities with the relevant wording which improves the mechanism of the indemnity;
• Understand the effect of limiting or elimination consequential liability and how to write consequential liability which will benefit your organisation;
• Understand the relationship of Penalty clauses and the courts views on this;
• Draft out effective Boilerplates clauses and the elements that must be included.

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Commercial Contracts Drafting: Review, Draft and Minimise Risk

https://portal.itrainingexpert.com/course_info.php?id=52

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