Workshop on Contract Drafting and Management

12^th-13^th February, 2025                         22th-23th May, 2025

16^th-17^thJuly, 2025                                 2^nd -3^rd October, 2025

 Introduction

Contract Drafting and Management is the comprehensive, lifecycle process of creating, implementing, and overseeing legally binding agreements to achieve business objectives, manage risk, and ensure compliance. It involves defining contract terms through meticulous drafting, negotiating these terms, and then systematically monitoring, managing, and controlling the contract throughout its existence to ensure all parties fulfill their obligations and derive value from the agreement. 

A contract drafting and management course typically covers understanding contract fundamentals, drafting techniques, negotiation strategies, and the contract lifecycle, including execution and management. It also addresses legal principles, common pitfalls, and may delve into specialized areas like international contracts or the use of technology in contract management. 

Course Contents

1. Contract Fundamentals:

·  Understanding Contracts: The purpose and importance of contracts in business, the contract lifecycle (creation, negotiation, execution, management), and key legal concepts. 

· Contract Structure: Components of a well-drafted contract, including identifying parties, defining obligations, and incorporating necessary clauses. 

·    Language and Clarity: Using precise and clear language, avoiding ambiguity, and understanding the legal implications of specific words and phrases (e.g., “shall,” “must,” “may”). 

2. Drafting Techniques:

• Drafting Process: Planning the contract, identifying key terms, and formulating a structured drafting process. 
• Techniques for Clear Drafting: Using simple language, avoiding technical jargon, and applying the subject-verb-object approach. 
• Active vs. Passive Voice: Understanding when to use each voice to enhance clarity and precision. 
• Punctuation and Formatting: Using punctuation correctly to avoid misinterpretations. 
• Common Pitfalls: Identifying and avoiding common errors in contract drafting, such as using vague
  language or omitting essential clauses. 
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3. Negotiation Strategies:

• Negotiation Styles: Understanding different negotiation styles and approaches. 
• Negotiation Preparation: Preparing for negotiations by understanding the deal, identifying key terms, and setting goals. 
• Conducting Negotiations: Techniques for effective communication, conflict management, and reaching win-win agreements. 
•  

4. Contract Lifecycle Management:

• Execution and Compliance: Best practices for executing contracts, ensuring compliance with terms and conditions, and monitoring performance. 
• Managing Changes and Amendments: Procedures for handling contract changes and amendments during the contract lifecycle. 
• Addressing Breaches and Disputes: Techniques for resolving contract breaches and managing disputes. 
• Termination and Renewal: Understanding the process for contract termination and renewal. 
•  

5. Specialized Areas:

·       International Contracts: Considerations for drafting and managing contracts in a cross-border context, including different legal systems and cultural nuances. 

·  Technology in Contract Management: Exploring the use of contract management software and other technologies to streamline processes and improve efficiency. 

·       Specific Types of Contracts: Overview of different types of contracts, such as distribution agreements, joint venture agreements, and share purchase agreements. 

Duration: Two (2) days            Fee: N180,000