Managing Contractual Liabilities

Introduction

Every commercial transaction carries risk: your organisation can manage risk by contractually determining the nature, content and consequences of both yours and the other party’s actions and omissions. Contracts give rise to a range of liabilities by parties assuming rights, responsibilities, duties and obligations, but which can be managed through contractual mechanisms.

This highly interactive Managing Contractual Liabilities training course in Dubai considers how your organisation can identify and manage key contractual risks and liabilities – what are they, what do they mean, what are the consequences, who takes the risk, and who pays? It focuses on how best to deal with key contractual liability issues to minimise your potential exposure to both the financial consequences and damage to your reputation.

This training course will feature:

  • Nature of contracts and contracting structures
  • Principal contractual liabilities
  • Managing risk through indemnities
  • The purpose of insurance, types and limitations
  • Using contract provisions to reduce the risk of disputes

Objectives

By the end of this  training course, participants will be able to:

  • Identify when a contract becomes legally enforceable
  • Assess and manage key contractual liabilities
  • Analyse the way indemnities operate across industries
  • Evaluate the need and use of different types of insurance
  • Compare ways of dealing with claims and disputes

Who Should Attend?

This IACT training course will benefit a wide range of personnel involved with contracts and project management, purchasing, supply and procurement, and will greatly benefit:

  • Contracts Engineers
  • Project Managers
  • Procurement and Purchasing Staff
  • Finance and Audit Professionals
  • Anyone involved in the management of risk

Outline

 

Day One: Contract Formation, Structure and Risk

  • How and When is it Legally Enforceable
  • Key Contractual Elements and Structure
  • Ancillary Documents and Issues
  • Different Legal Environments
  • Defining Risk – Identification and Impact
  • Key Contractual Risks

 

Day Two: Managing Contractual Risks and Liabilities

  • Performance – Quality and Time
  • Ownership and Risk of Loss or Damage
  • External Events
  • Pricing and Payment
  • Limiting and Excluding Liability
  • Breach of Contract

 

Day Three: Indemnities Unmasked

  • What Are They, How Do They Work?
  • Negligence – Simple or Gross?
  • Operation in Different Legal Systems
  • People and Property
  • Cross Indemnities
  • Catastrophe Risk

 

Day Four: Insurance: Purpose, Types, Limitations

  • Why Insure and What It Covers
  • People, Property and Product Liability
  • Motor, Aviation and Marine Insurance
  • Environmental Liability
  • Who Arranges, For Whose Benefit?
  • Claims Handling

Day Five: Contractual Dispute Management

  • Tiered Dispute Resolution Mechanisms
  • Negotiation – Tools and Techniques
  • Alternative Dispute Resolution
  • Litigation and Arbitration
  • Enforcement
  • Course Review and Learning Outcomes

Schedule

  • 08:30 – 10:15 First Session
  • 10:15 – 10:30 Coffee Break
  • 10:30 – 12:15 Second Session
  • 12:15 – 12:30 Coffee Break
  • 12:30 – 14:00 Third Session
  • 14:00 – 15:00 Lunch

 

Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack :