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Contracts Law 101 for Procurement Executives - What to Know Before Signing Your Next Vendor Agreement That Will Help You Get The Best Terms Possible
ExecSense, Dec 2010, Minutes: 60
In Contracts Law 101 for Procurement Executives, ExecSense covers the fundamental principles of contracts law, as well as tips and techniques for negotiating contract terms most often dealt with by procurement executives. Take the 60 minutes to view this webinar (on your computer, mobile phone, iPod, iPad, Kindle or printed out) to update your knowledge on the most important aspects of contracts law, get the best terms possible for your company when structuring/negotiating a contract, and be more-informed on the legal ramifications of specific parts of a contract when discussing terms with your vendors, partners, colleagues and lawyers.
Upon ordering, ExecSense will email you a link to download the webinar files for viewing on your computer, mobile phone, iPod, iPad, Kindle or printed out. The downloaded files will include the PowerPoint presentation, audio narration and jpeg images of the slides (for watching on your mobile media device). Take advantage of your next commute, flight, business trip, lunch, or free hour in your schedule to view this webinar.
The webinar is led by an expert on teaching procurement executives about contracts law, Jennifer Bergenfeld (Professor at New York University’s Stern School of Law), and focuses on:
- Everything you need to know in 60 minutes about the most important principles of contracts law and how understanding these fundamental concepts will give you an edge when you are negotiating contracts with vendors, partners and other parties in your role as a procurement executive
- A comprehensive examination of the most important contracts law principles relevant to procurement executives, including the requirements for forming a valid contract (offer, acceptance, consideration), standard contract interpretation principles (including the parole evidence rule for written contracts), when a contract should be voided because of nondisclosure, duress, or other intervening events, the effect of misrepresentation, how a contract can be terminated, and remedies/damages available in the event of breach (including a nonbreaching party’s duty to mitigate damages)
- Practical advice on how to draw on your knowledge of contracts law to give you an edge when you are negotiating contracts and to help you make sure that your contract contains the best terms possible for your company (such as expressly providing for remedies in the event of breach which would not otherwise be available under basic contract law)
- The 10 questions most asked by procurement executives about how understanding fundamental contracts law principles will help them better negotiate and evaluate the legal ramifications of the contracts that they deal with on a regular basis
- Case studies of how other procurement executives have used their knowledge of contracts law to their advantage in contract negotiations, and important lessons learned from procurement executives who mistakenly signed contracts or agreed to terms they should not have because of a failure to understand how the contract would be enforced by the courts
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