Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Legal Foundations of Supply Management

Gain a better understanding of techniques on how to help navigate through legal issues within the supply management world.

Today's most successful supply management organizations are highly-skilled at strategic sourcing. To do strategic sourcing well, procurement leaders must also be experts in developing and negotiating multiyear contracts/agreements. So what methods and techniques are necessary to navigate through legal issues in the world of supply management. This information helps the people responsible for supply management to understand best practices in drafting agreements which will provide value to their organizations. Key contracting concepts will be explained including detailed reviews of key contractual clauses which every procurement leader needs to understand. These concepts are hallmarks of top performing supply management organizations.

Runtime: 109 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 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

Key Elements of a Commercial Contract

  • Four Required Elements Establishing a Contract
  • When a Contract Is Formed - Meeting of the Minds
  • Offer, Counter-Offer, and Acceptance
  • Principles of Agency

History and Attributes of Domestic Bodies of Contracting Law Affecting Procurement

  • Common Law
  • Uniform Commercial Code (UCC)
  • Federal Acquisition Requirements

Examples and Meaning of Important Contract Clauses

  • Entire Agreement
  • Survivability
  • Independent Contractor
  • Limitation of Liability
  • Indemnification
  • Force Majeure
  • Insurance
  • Survival
  • Governing Law
  • Resolution of Disputes
  • Use by Affiliates
  • Payment
  • Warranty
  • Acceptance

Modern Drafting Trends

  • Business English vs. Legaleze
  • The Rule of Ten
  • Internal References
  • Look and Feel

Methods of Efficiently Managing a Contract Portfolio

Purchase Options

More Program Information

Why Lorman?

Over 32 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 Webinar

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on April 1, 2019.

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

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • Arizona CLE 1.75
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.75 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.75
     
  • Lorman Business Center, Inc. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.75 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.75
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.75 CLE credit hours.
     
  • IL CLE 1.75
     
  • This course was approved for a total of 1.75 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • MS CLE 1.8
     
  • This program has been approved by the Mississippi Commission on Continuing Legal Education for a maximum of 1.8 credit hours.
     
  • MT CLE 2.0
     
  • This program has been approved by the Montana Commission of Continuing Legal Education for a total of 2.0 CLE credits.
     
  • NH MCLE 1.8
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 105 Minutes.
     
  • NJ CLE 2.1
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.1 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • TN CLE 1.82
     
  • This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.82 hours of credit.
     
  • VT CLE 1.75
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.75 hours of self-study CLE credit.
     
  • WA CLE 1.75
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 hours of A/V credit under the Law & Legal Procedure category.
     
  • WV MCLE 2.2
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.2 MCLE hours.
     
  • ISM 1.75
     
  • Participants who successfully complete this program will receive 1.75 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

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

Audio & Reference Manual

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

MP3 Download

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

Purchase Options

More Program Information

Why Lorman?

Over 32 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

Mark J. Trowbridge, CPSM, C.P.M., MCIPS

Mark J. Trowbridge, CPSM, C.P.M., MCIPS

Strategic Procurement Solutions, LLC

  • Principal in the office of Strategic Procurement Solutions, LLC, a provider of advanced supply management advisory, skills diagnostic, and professional development services
  • Past career roles in manufacturing (3rd largest global manufacturer of yachts), transportation (world’s largest airline), and financial services (domestic 2nd largest and global 13th largest banking enterprise)
  • 20 years in consulting supporting clients like Apple, Intel, Adobe Systems, Delphi, Kraft Foods, Johnson & Johnson, Hertz Corporation, Mitsubishi, State of Colorado, Volvo North America, Signet Jewelers (Kay, Jared, Zales), Limited Brands, Allstate, Commonwealth of Massachusetts, Nationwide, CarMax, Tupperware International, Hertz Corporation, State of Maine, Newmont Mining, Sephora
  • Practice emphasizes all aspects of procurement & supply management performance
  • Conducts regular seminars and workshops on numerous procurement category management, expert strategic sourcing, advanced procurement negotiations, best practices in inventory management, strategic contracting
  • Author of many articles in publications and information sites like Supply Chain Management Review, Inside Supply Management, eSide Supply Management, SpendMatters, and Modern Materials Management
  • Membership; Institute for Supply Management (ISM), National Contract Management Association (NCMA), Chartered Institute of Purchasing & Supply (CIPS)
  • B.A. degree in business administration, Pepperdine University; CPSM and C.P.M. degree, Institute of Supply Management (ISM); MCIPS from the London Chartered Institute for Purchasing & Supply (CIPS)
  • Can be contacted at [email protected], 209-419-1699, or www.linkedin.com/in/mark-trowbridge-cpsm-c-p-m-mcips-24184b2a/
Purchase Options

More Program Information

Why Lorman?

Over 32 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.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405544
Published 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!