2026: Understanding commercial contracts, key contract terms, and contract risk management

2026: Understanding commercial contracts, key contract terms, and contract risk management

£795.00 + VAT
Available
Virtual
All Locations
Business performance, risk & strategy
May
6
Wed
-
Dec
31
Thu
09:30
-
PM
12:30BST
Schedule Description: Gain the skills to read, negotiate, and manage contracts with confidence.
Sessions: 0
Session Hours: 0.00
CPD hours: 9hrs

Description

This practical course gives finance professionals the confidence to read, interpret, and negotiate commercial contracts effectively - strengthening risk management, protecting value, and supporting better business decisions.

Please choose from the dates below to view more details.
Event Details
6, 7 & 8 May 2026 - Understanding commercial contracts, key contract terms, and contract risk management - virtual classroom

6, 7 & 8 May 2026 - Understanding commercial contracts, key contract terms, and contract risk management - virtual classroom

£795.00 + VAT
Available
Virtual
All Locations
Business performance, risk & strategy
May
6
Wed
-
May
8
Fri
09:30
-
12:30 BST
Schedule Type Title: 1st of the Month
Schedule Description: Gain the skills to read, negotiate, and manage contracts with confidence.
Sessions: 3
Session Hours: 9.00
CPD hours: 9hrs
Virtual

Description

This practical course gives finance professionals the confidence to read, interpret, and negotiate commercial contracts effectively - strengthening risk management, protecting value, and supporting better business decisions.

Book here

Virtual classroom - Understanding commercial contracts, key contract terms, and contract risk management
Gain the skills to read, negotiate, and manage contracts with confidence.

Date and time

Location

Session one: 06/05/2026, 09:30 - 12:30 BST

Session two: 07/05/2026, 09:30 - 12:30 BST

Session three: 08/05/2026, 09:30 - 12:30 BST

Virtual

Delivered over three, three-hour sessions.

WHY TAKE THIS COURSE?
Contracts are not just legal paperwork - they are strategic financial instruments that shape value, performance, and risk across every organisation. For finance directors and senior finance professionals, a clear grasp of contract law is critical for:

• Protecting financial outcomes.
• Aligning agreements with strategic objectives.
• Managing and mitigating risk.
• Strengthening negotiation positions with suppliers, customers, funders, and partners.

Delivered by a commercial solicitor with extensive experience training both lawyers and business professionals, this course demystifies legal concepts and terminology. You’ll gain practical skills to read, interpret, negotiate, and manage contracts confidently — enabling you to spot risks early, avoid costly disputes, and ensure agreements support commercial success.

WHAT YOU’LL LEARN
By the end of this course, you will be able to:

• Understand the core principles of contract law in a business context.
• Identify, assess, and manage contractual risk, from negotiation through to termination.
• Read, interpret, and draft contract clauses with confidence.
• Recognise the legal basis and commercial significance of the most critical clauses.
• Apply this knowledge to strengthen negotiation, risk management, and decision-making.

WHO IS THIS COURSE FOR?
Finance professionals at all levels who want to strengthen their impact beyond technical expertise. Whether presenting to senior leaders, engaging with operational teams, or advising clients, this course will help you adapt your style, build credibility, and ensure your voice drives outcomes – not just outputs.

WHY CHOOSE ICAEW?
• Trusted heritage: For over 145 years, ICAEW has trained and supported the world’s leading finance professionals, setting the global benchmark for quality.
• Expert-led learning: Our courses are designed and delivered by subject matter experts, combining professional insight with real-world experience.
• Connected and relevant: With close links to government, regulators, and industry, our training reflects the latest challenges and opportunities in business and finance.
• Practical and interactive: Live, small-group learning with peer exchange ensures every programme delivers immediate workplace impact – and counts as verifiable CPD.

CPD HOURS
ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Attending this course could contribute up to 9hrs of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the course booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Course Enquiries
Contact: Events information team

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Legal Disclaimer
The Institute of Chartered Accountants in England and Wales (ICAEW) does not endorse or recommend any third-party products, services, or companies mentioned during this event or in related materials. References to any such products, services, or companies are for informational purposes only and do not constitute an endorsement or recommendation by ICAEW.

The views and opinions expressed by third-party speakers are their own and do not necessarily reflect the views, positions, or policies of ICAEW. ICAEW does not assume any responsibility or liability for the accuracy, completeness, or legality of the content presented by third-party speakers.

For further information or clarification, please contact ICAEW directly.

A 9-hour highly interactive live online programme, split across three sessions to maximise practice and application.

Session 1 – Contract fundamentals and pre-contract risk
• Core principles of contract law in a business context.
• How courts interpret agreements and the implications for practice.
• Key risks at the pre-contract stage and negotiation pitfalls.
• Practical skills in reading and drafting clauses.

Session 2 – Key commercial clauses (part 1)
• Structure and lifecycle of commercial contracts.
• The most common and commercially significant clauses.
• Commercial objectives and implications behind these clauses.
• Group discussion and applied examples.

Session 3 – Key commercial clauses (part 2) and risk management
• Business-critical and most-negotiated clauses.
• Legal and commercial consequences of poor drafting.
• Risk management strategies across the contract lifecycle.
• Practical guidance for negotiation and decision-making.

 

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 Cost Early Bird Pricing
ICAEW Member £595 + VAT £505.75 + VAT
Non-member £795 + VAT £675.75 + VAT

Early Bird Pricing
15% discount automatically applied on bookings made up until 6 weeks before the course date

How are the courses delivered?

All Virtual Classrooms are run by live on Zoom. These are interactive and not recorded, interaction and delegate involvement is encouraged.

When will I receive joining instructions?

You will receive a email with joining instructions after enrolling. Materials and any other resources for the course will be sent to you shortly before the course start date.

Are there breaks?

Yes, no fixed timings - will depend on the length of the course.

How do I access the course slide deck?

Depending on the course you will either be sent in the lead up to the course or after.

What if I miss the live date?

The Virtual Classrooms are not recorded so we recommend you attend all sessions.

What if I am going to be 15 minutes late?

This is not a problem, the classroom starts at the start time, but you will be let in if you are delayed for any reason. Trainers do their best to accommodate catch-up, but this is not guaranteed. Where possible please let us know of any delays so we are aware when doing role call the beginning of the session.

Can I have my colleague with me in the live course?

Yes, if you purchase a second place. Each booking is valid for one person only.

Can I record the training?

No, virtual classrooms are not recorded.

Do the courses on this programme count as verifiable CPD?

Yes, these courses contribute verifiable CPD, so long as you can demonstrate that the content is relevant to your role. Additional information about CPD can be found here: Your guide to CPD.

How many people will be on the course?

Virtual Classrooms are designed to resemble a real classroom. Therefore, group sizes vary between 6 – 22 delegates per course.

 

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