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Pre-Conference Seminars

Contracting: What all the T's and C's Mean

May 4-5, 2018

Member Price: $1,199

Non-Member Price: $1,499

Who should attend?

New and experienced contracting, purchasing and supply management professionals who desire to understand basic contract premises and law. Also, those professionals seeking a detailed introduction to contract terms and conditions. Suggested Prerequisite: Legal Aspects of Supply Management an LLC Formation: The Basics You Need to Succeed

You will learn

  1. The elements of a contract
  2. The use of common contract clauses (terms and conditions) for LLC formation
  3. When different clauses should and should not be used
  4. How to draft better operating agreement
  5. The impact of electronic purchasing on contracting.
You will earn 14 CE Hours
 Please bring copies of your T’s and C’s, purchase orders or contracts for a hands-on review session.

Course Outline

  1. Overview of LLC laws that impact contracts; Review of basic contract law concepts
  2. Contract formation: How to construct legally binding articles of organization
  3. Interpretation of contract language; Legal wording that is and is not necessary in agreements
  4. Purchase orders, blanket orders, request for proposals, requests for quotation, letters of intent and contracts
  5. Contracts and electronic purchasing; How widespread use of high-tech forms of communication impacts contracting
  6. Detailed discussion of a variety of contract clauses (terms and conditions) for goods and services
  7. Drafting contract terms and conditions from both the buyer’s and seller’s perspectives

For additional courses in ISM’s Legal and Contracting series, see also Legal Foundations of Supply Management: The Basics You Need to Succeed, Contracting for Purchasing and Supply Management: Beyond the Basics, Legal Considerations of Software Licensing and Other Technology-Related Agreements, and Performance-Based Statements of Work (SOWs): Maximize Supplier Performance.