1 Day Workshop on Drafting Vetting of Commercial Contracts 
Focus 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. Objective 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 Course 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
About the Trainer David 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 he is presently working in a law firm, and Mr. David Shanmugam is also an Advocate & Solicitor of the Supreme Court of Singapore Over the years, he 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 is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Association Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education In House Customized Training We deliver customized designed courses that are tailored to your organizational needs. Our professional trainers are domain experts with extensive international experience. Do contact us today @ 6278 9785/ training@360degrees.com.sg for no-obligation training needs assessment, we will work in partnership with you to identify needs, develop training and find instructors that best fit your business environment. | 
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