Description
Curriculum
Instructor
It is easy to overlook the importance of contract management because it seems to be a boring, mundane topic. Contracts, however, are the basis of most business relationships. If contracts are managed well, business relationship will flourish. If they are not, companies face financial loss, relationship harm, and damaged reputations.
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Curriculum
- 11 Sections
- 0 Lessons
- 8 Hours
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- Defining Contract ManagementDefining contract management involves overseeing the creation, execution, and analysis of contracts to ensure compliance, optimize performance, mitigate risks, and enhance relationships between parties throughout the contract lifecycle.0
- Legal and Ethical Contract ManagementLegal and ethical contract management ensures compliance with laws and regulations, promotes transparency, protects confidential information, addresses conflicts of interest, and fosters fair dealings, enhancing trust and accountability among all parties involved.0
- Contract Management RequestsContract management requests involve formal submissions for contract creation, modifications, renewals, or terminations, ensuring clarity in terms, timelines, and responsibilities while facilitating effective communication between stakeholders for smooth contract administration.0
- How to Create a ContractCreating a contract involves defining the parties involved, outlining terms and conditions, specifying deliverables and timelines, including payment details, ensuring compliance with legal requirements, and obtaining signatures for mutual agreement and enforceability.0
- Contract NegotiationsContract negotiations involve discussing terms and conditions to reach a mutually beneficial agreement, including pricing, scope of work, timelines, and responsibilities, while balancing assertiveness and collaboration to foster positive relationships.0
- Assess PerformanceAssessing performance in contract management involves evaluating compliance with terms, measuring outcomes against agreed-upon metrics, analyzing stakeholder feedback, identifying areas for improvement, and ensuring alignment with organizational goals to enhance future contracts.0
- RelationshipsBuilding relationships in contract management involves fostering trust and open communication with all parties, understanding their needs and concerns, maintaining transparency, and collaborating effectively to ensure successful contract execution and long-term partnerships.0
- Amending ContractsAmending contracts involves formally modifying existing terms to reflect changes in circumstances or agreements between parties, requiring clear documentation of amendments, obtaining consent from all parties, and ensuring compliance with legal requirements to maintain enforceability.0
- Conducting AuditsConducting audits in contract management involves systematically reviewing contracts for compliance, evaluating performance against terms, assessing risk management practices, identifying discrepancies, and providing recommendations for improvement to enhance contract effectiveness and accountability.0
- Renewing ContractsRenewing contracts involves reviewing existing terms, evaluating performance, negotiating any changes, ensuring compliance with updated regulations, communicating intentions with all parties, and documenting the renewal process to maintain clarity and continuity in the agreement.0
- Post TestPost Test0
Nobles Center
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