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Contracting Elements, Terms, and Conditions

Contracting within supply management continues to be the basis for aligned expectations and performance. An organization must properly define expected outcomes to draft the best contract. Ensure you understand the basics, such as key terms and conditions, and enable your organization to legally receive the prescribed goods

*** Please Note: ISM uses Zoom Meeting for its virtual learning sessions, this free application is required to participate

Member Price: $295.00

List Price: $395.00


Jul 14, 2021

Add To Calendar 7/14/2021 11:00:00 AM 7/14/2021 1:00:00 PM ET Contracting Elements, Terms, and Conditions Online


11 AM - 1 PM ET


Virtual Class
CEH Credits
Product Code

Additional Information


Learning Objectives:

1. “Recognize the Requirements that Create a Valid Contract” Explore the 6 elements that must be present in a contract to make it a valid, legally enforceable document.

2.“Define and Avoid Fraud Related to Contracts” There are distinct areas in which an oral contract will not support the business. You will get a basic overview of where a written contract is necessary.

3. “Identify Common Types of Contracts” Depending on the goods or services you are procuring, you will use different types of contracts. This lesson presents a variety of contract types and describes situations in which they would be used.

4. “Recognize Critical Terms and Conditions” Terms and conditions are the various requirements imposed on contracting parties by the language of their contract. Explore the most common and critical terms and conditions that you are likely to encounter.

Terms And Conditions

Virtual Learning Transferals: Registrations are transferable without any charge to another ISM Virtual Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred.

Cancellations Virtual Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation.

Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.

View full terms of service here.