By the end of this training, participants will be able to:
1.Grasp the key concepts, principles, and lifecycle of contracts;
2.Understand the key elements of a contract and its legal implications
3.Recognize the roles and responsibilities involved in effective contract management.
4.Identify regulatory, legal, and ethical obligations related to contracts
5.Understand the consequences of non-compliance and strategies to ensure adherence to contract terms.
6.Learn to identify, assess, and manage risks in contract administration & Implement preventive measures to minimize risks associated with compliance failures.
7.Improve Skills in Contract Drafting and Review with essential compliance clauses
8.How to Handle Disputes and Resolutions Effectively