| TITLE |
LENGTH |
DESCRIPTION |
| 01. Introduction to Contract Management |
04:31 |
Contracts are legal documents that govern our relationships with vendors, contractors, partners, employees, and more. Contract management handles everything from the creation of a contract to the execution of a contract between people and/or entities. There’s a lot that goes into contract management, so in this course we’ll give you an introduction into what that entails. We’ll cover the contract life cycle and its various stages. We’ll also talk about the skills required for someone working in contract management. |
| 02. Writing Contracts |
05:39 |
Contracts can be lengthy, complex documents or a simple one or two pages, but they all need to have the same basic elements regardless of size or complexity. In this program, we’ll go over all the aspects of writing a contract, including the essential elements you need to include. We’ll discuss contract types and outlining the legal purpose of contracts. We’ll also touch on contract obligations and metrics for success. |
| 03. Internal Contract Approval and Storage |
04:18 |
Once you’ve drafted a contract, you need to have it approved by your internal team before you begin negotiations with other parties. In this course, we’ll discuss some helpful tips for getting internal approval. We’ll go over ways to share your contract draft and apply any feedback received. We’ll also touch on proper document storage and discuss the importance of having a version-control process. |
| 04. Contract Negotiation |
04:25 |
At the most basic level, contract negotiation is when the two parties come together over the drafted contract and align on all the contract terms. Negotiation can sound hostile, but it’s mostly about creating the opportunity for both parties to express their concerns and ensure that the contract meets everyone’s needs. In this course, we’ll talk through the steps of a successful contract negotiation. We’ll also discuss making counteroffers, knowing when to compromise, and seeking mutually beneficial agreements. |
| 05. Contract Initiation |
04:03 |
Once you have a signed contract in hand, it’s time to initiate the terms of the contract. In this course, we’ll talk about what this step in the process looks like for the contract manager and anyone else who may be involved. We’ll discuss contract deliverables and obligations and go over how these should be communicated. We’ll cover kickoff meetings, outlining and assigning key roles and responsibilities, setting metrics, and more. |
| 06. Contract Monitoring and Tracking |
06:05 |
If you have a contract moving forward, it’s important to monitor and track its progress. Your role in this monitoring phase will depend heavily on the type of contract you’re working with. Two essential aspects of this phase include tracking success metrics to ensure that key milestones are hit and communicating with leadership. In this program, we’ll walk you through how to successfully accomplish this stage of the contract life cycle. |
| 07. How To Handle a Breach of Contract |
05:13 |
Contract breaches are unfortunate and rare, but they do happen. If you’re working as a contract manager for any length of time, you’ll have to deal with a contract breach eventually. In this course, we’ll talk through the steps you’ll take to handle a breach of contract. We’ll discuss having proper documentation, working toward a resolution, and seeking mediation when necessary. We’ll also cover two different kinds of breaches and whether they’re material or immaterial. |
| 08. Avoiding Common Contract Pitfalls |
04:34 |
We’ve already covered a lot about the contract life cycle and the steps you’ll take along the way. Like all other workflows, contract management has many potential pitfalls. So in this course we’ll talk about how you can navigate around these pitfalls. We’ll discuss managing delays and project bottlenecks. We’ll cover how to avoid communication issues. And lastly, we’ll talk about keeping contract deliverables on track. |
| 09. Overview of Contract Management Law |
03:37 |
Contract managers aren’t lawyers, so they’re not required to know all the details of contract law. However, if your role is to ensure that the contract is created and executed properly, you’ll need to know the basics. That’s what we’ll cover in this course. First, we’ll take you through the history of contracts. Then, we’ll discuss the elements of a contract agreement that are needed to make the contract legally binding. |
| 10. Contract Conclusion or Renewal |
04:42 |
Contracts can come to a close in a variety of ways. They can end once all the terms have been met. They can conclude with a contract renewal or without renewal. They can also end in a breach of the contract. In this course, we’ll go through these various scenarios and discuss your role as a contract manager. We’ll go over automatic renewals, renegotiations, internal communications, and more. |
