Legal Foundations of Supply Management (OnDemand Webinar)

$199.00

SKU: 405544EAU

Description

Gain a better understanding of techniques on how to help navigate through legal issues within the supply management world.Today’s most successful supply management organizations are highlyskilled at strategic sourcing. To do strategic sourcing well, procurement leaders must also be experts in developing and negotiating multiyear contractsagreements. So what methods and techniques are necessary to navigate through legal issues in the world of supply management. This information helps the people responsible for supply management to understand best practices in drafting agreements which will provide value to their organizations. Key contracting concepts will be explained including detailed reviews of key contractual clauses which every procurement leader needs to understand. These concepts are hallmarks of top performing supply management organizations.

Date: 2019-04-01 Start Time: End Time:

Learning Objectives

Key Elements of a Commercial Contract
• Four Required Elements Establishing a Contract
• When a Contract Is Formed • Meeting of the Minds
• Offer, Counter-Offer, and Acceptance
• Principles of Agency

History and Attributes of Domestic Bodies of Contracting Law Affecting Procurement
• Common Law
• Uniform Commercial Code (UCC)
• Federal Acquisition Requirements

Examples and Meaning of Important Contract Clauses
• Entire Agreement
• Survivability
• Independent Contractor
• Limitation of Liability
• Indemnification
• Force Majeure
• Insurance
• Survival
• Governing Law
• Resolution of Disputes
• Use by Affiliates
• Payment
• Warranty
• Acceptance

Modern Drafting Trends
• Business English vs. Legaleze
• The Rule of Ten
• Internal References
• Look and Feel

Methods of Efficiently Managing a Contract Portfolio

No Credit Available

Mark J. Trowbridge, CPSM, C.P.M., MCIPS-Strategic Procurement Solutions, LLC