2023: Understanding commercial contracts, key contract terms, and contract risk management

Available

Virtual

All Locations

Business performance, risk & strategy

Jan

Sun

Dec

Sun

09:30

12:30GMT

Schedule Description: Understand key commercial clauses and challenge how they are written to understand them legally, as well as financially.

Description

Understand key commercial clauses and challenge how they are written to understand them legally, as well as financially.

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Overview
Course level
Virtual classroom
Trainer
Price
Team training

Understanding commercial contracts, key contract terms, and contract risk management

Date and time	Location
Select a date in the drop-down menu above for details.	Select a date in the drop-down menu above for details.

This course has been designed by a commercial solicitor with extensive experience of training lawyers and businesses. The course demystifies legal concepts and terminology and explains fundamental and essential aspects of contract law. It will provide an understanding of how to read and draft clauses and how to manage risk from the pre-contract stage to termination. The course will then focus on key clauses in a commercial agreement, identifying the commercial importance of such clauses and clearly explaining the underlying law for each clause.

The course will be in two parts. The first part will deal with risk management during the pre-contract stage, fundamental aspects of contract law, and how to read and draft contract clauses. The second part will focus on key clauses in a commercial contract.
The first part is a self-contained course, and it is possible to attend only this part.

Learning outcomes:

Day One (3 hours)

The pre-contract stage: essential contract law, managing risk, and reading and drafting contract clauses

• Understand fundamental and essential aspects of practical contract law
• Identify risk issues relating to the pre-contract stage and how to mitigate any such risk
• Understand how a court will interpret a contract
• Learn how to read and draft contract clauses

Day Two & Three (6 hours)

Identifying, understanding, and drafting key clauses in a commercial contract

• Understand the structure of a commercial contract
• Identify key clauses and the most-negotiated clauses
• Recognise the commercial purpose and importance of each clause
• Understand the underlying law relating to each clause

CPD hours

ICAEW’s CPD Regulations are changing. From 1 November 2023, members and other professionals regulated by ICAEW will need to complete a minimum number of hours’ CPD per year, some of which will need to be verifiable. Attending events like this could contribute to nine hours of verifiable CPD, so long as you can demonstrate that the content is relevant to your role.

Who should attend?

This course will be of benefit to all accountants, who are involved in negotiating, reviewing, or managing Business to Business contracts.

Course enquiries

Contact: Events information team

FAQs

Should you experience any difficulties booking onto the event, please click here.

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This course is for: Managers, Trusted Advisors and Business Leaders.

What is a virtual classroom?

A virtual classroom provides the same great learning experience as other ICAEW training, except one difference, you can learn from your desk.

Being delivered online makes it so much easier to access in a busy working week and would definitively recommend this type of training. The breakout rooms work really well to allow you to get to know the other participants and share experiences.

Virtual classroom delegate

The focus is on the learner and creating an enriching classroom experience that connects participants globally. Using video, learners can converse and interact with the trainer and other learners in real-time. Whiteboards, break-out sessions, polls, screen-sharing, and interactive Q&A create an immersive learning experience.

I think the virtual training format using Zoom, and the survey features, and break out rooms, really works great. I had no problems engaging with the facilitator and felt he listened to what we said, and kept the pace of the content moving steadily.

Virtual classroom delegate

Secure your place now and keep your skills and knowledge up-to-date.

How do I attend a virtual classroom?

Once you've booked your session, you will receive an email with your booking confirmation. The steps you will need to follow to attend your virtual classroom will arrive in a separate email closer to the date of your course.

Michael Twomey

Michael Twomey qualified in 1992 and is a practising UK commercial and corporate law solicitor specialising in commercial and corporate law.

Michael is widely recognised as a leading course designer and presenter with 25 years’ experience in legal education and professional training.

His clients include leading UK and international law firms, Government departments, multi-national companies, educational and training organisations and professional bodies such as the Law Society of England and Wales, ICAEW and the Solicitors Regulation Authority.

He began his legal career as a corporate and commercial lawyer at Slaughter and May before joining the University of Law, London, where he became Head of Acquisitions and editor of Acquisitions and Group Structures (Jordans).

Michael has acted as a consultant for a number of universities and regularly publishes articles on contract, commercial and corporate law. In addition to designing and delivering legal training courses for some of the largest international law firms, he also has extensive experience in providing seminars on international contract law to companies and other organisations in many countries.

Rate	Price
ICAEW Member	£550 + VAT
Non-Member	£750 + VAT

Our public course programme is deliberately structured to encourage delegates from different organisations to participate. However, if you have six or more delegates who require development in the same area, we are able to run a more cost-effective and much wider range of courses tailored specifically to your organisation.

Organisations will have the choice to run our in-house courses online or in-person.

These are ideal for organisations seeking hassle-free, flexible and cost-effective training delivered to multiple delegates at your location of choice. Whether we use our existing materials or develop new content for your business, our expertise lies in translating your requirements into a pragmatic, interactive training programme highly relevant to your people and organisation.

To discuss in-house training for your business please email academy@icaew.com or contact us through our enquiry form

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