Course Details
Contracting: What all the T's & C's Mean
Contract language directly impacts risk, compliance and business performance. This course provides practical knowledge of the standard terms and conditions found in most supply chain agreements.
Participants learn how to interpret contract language, understand the legal implications of common clauses and draft stronger terms and conditions. You are encouraged to bring your own contracts, clauses, or purchase orders for hands-on review and application.
Recommended For
Buyers • Procurement Specialists • Contract Administrators • Supply Chain Professionals • Sourcing Managers
What You Will Learn
- Identify the essential elements of a legally binding contract to ensure your agreements are enforceable
- Interpret common terms and conditions for goods and services to understand exactly what your contracts commit you to
- Determine when specific clauses should — and should not — be used to protect organizational interests
- Draft clearer, stronger contract clauses that reduce ambiguity and legal risk
- Distinguish legal wording that is necessary from language that adds confusion without protection
- Evaluate contract language from both the buyer's and seller's perspectives to strengthen your negotiating position
- Understand how electronic purchasing and high-tech communication impact contract formation and compliance
- Apply your learning directly to your own contracts, clauses and purchase orders through hands-on practice
Virtual Class Schedule
Day 1 - 10:00 am ET - 3:00 pm ET / 7:00 am PT - 12:00 pm PT (with two 15 minute breaks)
Day 2 - 10:00 am ET - 3:00 pm ET / 7:00 am PT - 12:00 pm PT (with two 15 minute breaks)
Day 3 - 10:00 am ET - 2:00 pm ET / 7:00 am PT - 11:00 am PT (with two 10 minute breaks)
Member Price: $1,395.00
VIRTUAL CLASS
Date
Jun 8-10, 2027
Location
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. Any bundled purchases are non-refundable.
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. Any bundled purchases are non-refundable.
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.