Team-based digital learning
Your team will learn:
- Contract principles
- Understanding clauses
- Contract termination
- Statutory rights
- Dispute resolution
- Legal documentation
- Contract law
- Antitrust and competition
- Privacy and GDPR
Legal and Regulatory Training & Certification
Master the legal and regulatory rules, frameworks and policies that impact organizations every day from contract law, ethical and legal guidelines and industry regulations that govern how your organization acquires goods, works and services.
Learn how to implement a legally binding contract, understand legal terms and conditions applicable to procurement, and how to navigate tricky legal issues. Learn how and when to end a contract and examine the statutory rights of a procurement professional, including concepts such as Incoterms.
The “Introduction of Legal Aspects in Procurement” course provides learners with an understanding of the importance of contract law, including areas such as what is a contract, need to seek legal advice, and power of attorney.
Our “Basic Principles of a Contract” course provides the fundamental elements of contracts for learners and includes what a contract is, an ‘invitation to treat’, and a ‘counter offer’ as well as covering the validity of an oral contract, the battle of forms, framework agreements and e-contracts.
Understanding important clauses
Recognize and deal with impactful clauses proposed by sellers such as exclusions, automatic indexation, silent extensions, delivery, Incoterms, exit clauses and learn how to end a contract.
Discover useful ways to end a contract in case of poor supplier performance with explanations and examples such as by mutual agreement, by breach of contract, remedial clauses (when to use them), liquidated damages, penalty clauses and fair damages.
Statutory rights of a buyer
Learners will understand their legal rights in the “Statutory Rights of a Buyer” course, which explains what to do in the event of some terms in the contract being missing or poorly specified. Key points covered include late delivery, missing payment terms, incorrect or defective goods, incomplete delivery, over delivery, title of ownership, subcontracting, unfair contract terms, and remedies (in case of breach of warranty).
Develop a clear understanding of why a buyer should avoid legal proceedings and the alternatives covered in topics such as the importance of exit clauses, ADR (Alternative Dispute Resolution) methods, mediation, conciliation, and arbitration.
Understand the definitions of the 2010 and 2020 versions of Incoterms covering when and how to apply them, transfers of risk and title, why you should use Incoterms 2020 in your procurement negotiations, and how to select the best Incoterms for your goods.
Learn the common clauses to negotiate in a contract, including liabilities, warranties, Intellectual Property (IP), place of law, contract termination and more. Learn about best practice legally binding documents such as Non-Disclosure Agreements (NDAs) and Letters of Intent (LOI).
Antitrust and competition
Learn what competition and antitrust laws mean in practice, the principles around competition law globally, when competition laws may apply, avoiding violation of competition laws, and what to do in such situations.
Privacy and GDPR
Examine how the European General Data Protection Regulations (GDPR) affects business, the six lawful reasons for using personal data, the seven principles of GDPR and your responsibility to protect data, the eight rights of the individual, and how to implement GDPR.
Suitable for the following roles:
- Operational Buyer
- Procurement Analyst
- Buyer / Senior Buyer
- Contract Manager
- Category Manager
- Procurement Manager
- Support Manager
- Quality Assurance Manager
This learning content includes:
- Exams &