Legal and Economics > Essential Elements of International Contracts Laws and Contracts Lifecycle Management – Virtual Instructor Led Training (VILT)

About this Virtual Instructor Led Training (VILT)

Contracts are essential features of the business world and daily commerce. While a good business contract helps to bring in profits, an even better one safeguards those hard-earned profits at the same time. What you know about contracts can help to grow your business. Conversely, what you do not know can cripple your business.

This 2-full day Virtual Instructor Led Training (VILT) course seeks to empower the participants with the knowledge of fundamental contract law principles which apply to your business contracts such as the following:

  1. How are contracts validly made?
  2. Are oral contracts valid?
  3. What factors invalidate contracts?
  4. What about misrepresentations and mistakes in contracts
  5. How do I discharge a contract?
  6. What are my remedies

It will also focus on delivering contemporary best practices information which will equip all customer and supplier facing participants to participate effectively in the contract process.

On completion of this VILT course, the participants will have learnt:

  • Project management strictly in accordance with the contract and the corporate strategies
  • How to ensure that Variations Order claims are appropriately managed in turnkey and lump-sum contracts
  • Manage contemporary challenges and market factors with direct or indirect impact on the contracts
  • Managing all members of the Supply Chain from vendors to logistics services providers
  • Cost Engineering and Performance Management
  • How to manage Consortium Partners, Contractors and Owners representatives
  • When and how to obtain / grant extension of time (EOT) and costs
  • Ability to identify rights and obligations of each party to a contract instead of making subjective decisions
  • Ability to be firm in negotiations without violating the terms of the agreements
  • Ability to spot different legal systems, contract laws and arbitration rules
  • Ability to negotiate and avoid disputes and resolution in an amicable manner, in accordance with the provisions of the contract
  • Competency in developing and maintaining documentary evidence and traceability for all works executed during the project

This VILT course is intended for:

  • Professionals involved in Contract Management
  • Those with roles related to Contract Management
  • Those with a non-legal background
  • Basic or Foundation

The VILT course will be delivered online in 2 full-days consisting 8 hours per day, with lunch and tea time breaks per day.

Course Duration: 2 full-day sessions, 8 hours per session (16 hours in total).

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information about post training coaching support and fees applicable for this.

Learn what past participants have said about EnergyEdge training courses

This training is useful for my day-to-day work. As I'm not from a legal background dealing and negotiating contract clauses, I get to understand the contract not only from the technical perspective but also from the legal perspective

Executive Subcontracts Execution, MISC Berhad

If you need to establish your foundation prior to participating in this course, this is the course that is suitable for you. By attending this VILT course, beginners or those who want to improve their knowledge in Contracts Laws and Contract Management, will get some ideas at the end of 2 full day course

Package Manager, MISC Berhad