Many projects are undertaken by way of a procurement agreements. Having a proper understanding and appreciation of various clauses and templates is relevant when entering into a procurement agreement.

During the one day course, participants will be taught the various skills on how procurement agreement will be secured and including other techniques how to draft and vet a procurement agreement. The one day course will consist of practical discussion, case studies, and negotiations exercises to better illustrate to participants on how Procurement Agreement can be secured.

Objective

By the end of the course, participants will be able to:

• Understand the Fundamentals: Grasp the basic principles and legal frameworks governing procurement agreements.

• Draft Clear and Effective Agreements: Develop the ability to draft comprehensive and unambiguous procurement agreements that protect the interests of all parties involved.

• Conduct Thorough Vetting: Learn techniques for thoroughly vetting agreements to identify potential risks and ensure compliance with legal and organizational standards.

• Manage Procurement Processes: Gain insights into the procurement lifecycle, including the roles and responsibilities of key stakeholders.

• Apply Best Practices: Understand and apply best practices in procurement to enhance efficiency and mitigate risks.

• Negotiate Terms and Conditions: Develop negotiation skills to effectively manage and conclude procurement agreements.

• Handle Disputes and Amendments: Learn how to address and resolve disputes, and how to amend agreements as necessary.

• Ensure Compliance: Understand the importance of compliance with regulatory requirements and organizational policies in procurement activities.

Outline

Key points in a Procurement Agreement
What is Procurement agreement
How Procurement agreements are done
The key points in a Procurement agreement

The Commercial considerations when looking at Procurement Agreement?
Definition of commercial risk
The practical considerations before embarking on a procurement agreements
The financial risk when embarking on a procurement agreements

Key contract terms in a Procurement agreement
What are the key clauses
The art of identifying the key terms in a procurement agreement
What to look out when looking at the procurement agreement

Indemnity & Warrant Clauses in a Procurement agreement
Definition of an indemnity clause
How indemnity clause should be negotiated.
Key points to look after an indemnity clause has been negotiated

Role of insurance in contracts In a Procurement agreement
Interpreting insurance clause in commercial contracts
Insurance and the art of negotiating insurance clause

Warranty and Undertaking clauses in a Procurement agreement
Definition of a warranty clause
How does a warranty clause differ from an undertaking clause
The art of negotiating a warrant and undertaking clause

Key points to note if a procurement agreement is by way of entity
The composition of the entity
The decision making process the major shareholders
The management team and duties and responsibilities

Limiting liability in a procurement agreement
Signing a limited liability agreement
Inserting limited liability clauses into a procurement agreement
The art of negotiating this limited liability clause

The art of negotiating Procurement agreements in Asia
The key points to note when signing with a procurement agreement
The due diligence process when negotiating a procurement agreement
The key points to note when concluding a procurement agreement

Arbitration Clause and Governing Law Course
Is Arbitration the best way to resolve conflicts
The choice of law and venue
How can Arbitration work in overseas jurisdiction

Alternative Dispute Resolution Mechanism
Definition of Alternative Dispute Resolution
How does Alternative Dispute Resolution operate
The key elements of Alternative Dispute Resolution

Who should attend

Executives, contracts managers, programme managers, project engineers, managing directors, group financial controllers, company directors, sales directors, business managers, financial controllers, marketing managers and executives, business advisers, bankers, consultants, company secretaries, administrators, credit executives, finance and operation executives, maintenance managers, accounts supervisors

Methodology

Through interactive sessions, real-world case studies, and practical exercises, participants will leave the course with the confidence and competence to handle all aspects of procurement agreements proficiently.

DAVID SHANMUGAM's Profile

DAVID SHANMUGAM holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of legal experience in the private sector and he is presently working in a law firm, and Mr. David Shanmugam is also an Advocate & Solicitor of the Supreme Court of Singapore .

Over the years, he has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Association Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education.