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Critical Terms In Supply Chain Agreements

Gain a better understanding of supply chain contract provisions how to negotiate them to your advantage.

Almost every business has suppliers. But have you taken the time to look at the provisions of the contracts governing those supply chain relationships? Can you even identify every contract to which your business is currently committed within its supply chain? This topic will identify the key issues and contract terms currently challenging companies with their suppliers (and customers). You will learn what supply chain contract provisions have been most vexing to companies recently and how to negotiate them to their advantage. Relying on boilerplate in your contracts with a focus only on price and quantity will leave your company and your clients at a distinct disadvantage when things go wrong.

91 minutes
Certificate of Completion
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Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Pre-Drafting Considerations

  • Internal Coordination
  • Due Diligence
  • How to Evaluate Upstream and Downstream Parties and Minimizing Exposure

Drafting Considerations

  • Do You Have a Contract?
  • How to Adequately Draft Pricing Provisions, Including Various Price Adjustments
  • Key Considerations for Exclusivity Provisions
  • Term and Termination Rights
  • Protection of IP, Confidential Information and Tooling
  • Warranties and Remedies:
  • Indemnification and Insurance
  • Dispute Resolution Options
  • Force Majeur

Relationship Mistakes - Managing the Contract Negotiated

  • Internal Owner
  • Failure to Address Issues
  • Failure to Understand the Contract
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 29, 2019.

Call 1-866-352-9540 for further credit information.

No Credit Available

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Steven (Steve) R. Cade

Steven (Steve) R. Cade

Foley & Lardner LLP

  • Partner and business lawyer with Foley & Lardner LLP
  • Represents clients in a broad range of general corporate law and transactional matters, with a focus on mergers and acquisitions, commercial transactions and venture capital financings including clients across a range of industries, including manufacturing, technology, financial services, food and beverage, and health care
  • Completed a significant number of mergers, acquisitions, divestitures, joint ventures, and other business combination transactions for a wide variety of clients, including Fortune 500 companies as well as private equity and middle-market publicly traded and privately held clients
  • Represents investors, including venture capital firms, family offices and angel investors in a number of emerging growth company investment transactions
  • Vice chair of the Business Law Section of the Chicago Bar Association, and a member of the American Bar Association and the National Bar Association and currently serves on the firm’s Recruiting Committee and Diversity and Inclusion Council
  • One of The Most Influential Minority Lawyers in Chicago by Crain’s Chicago in 2017
  • Admitted to practice in the state of Illinois
  • Law degree, Northwestern University Pritzker School of Law; undergraduate degree in finance and management, with honors and distinction, Iowa State University of Science and Technology
Jeffrey A. Soble

Jeffrey A. Soble

Foley & Lardner LLP

  • Lead regional litigation counsel to Fortune 200 manufacturer of power systems, including engines, power generator systems, and related technologies
  • Manages and supervises firm attorneys in offices around the country from home jurisdiction of Illinois
  • Manages and supervises local counsel around the country, having litigated in most of the United States
  • National counsel for mobility provider leading litigation matters from coast-to-coast, including routinely co-counseling with other counsel for clients
  • Former co-chair of Foley & Lardner LLP’s Automotive Industry Team, responsible for team management, budgeting, planning, revenue, and marketing
  • Member of Foley’s Manufacturing Sector Advisory Board
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

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Product ID: 405855
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