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OnDemand Course

Purchasing Contract Remedies

Learn to design and negotiate contracts that keep you covered even under unforeseen circumstances.

This material is a proactive approach to negotiating and drafting agreements designed to deliver transactions that close on time, stay within budget and deliver agreed quality, if not more. This topic is intended to equip you to design and negotiate agreements that meet the needs of the customer while giving the vendor ample incentive to perform, while ensuring that unforeseen circumstances do not derail the deal. Keep your business moving, and your customers happy, while reducing the need to ever call in the lawyers. In this material we will cover why things go wrong in purchasing contracts, what to do when they do, and go over worst case scenarios to get you equipped to handle contract remedies like a pro.

Runtime: 88 minutes
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Why Lorman?

Over 33 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

Due Diligence

  • Identifying the Business Need

Vendor vs. Customer

  • Spend a Day in the Other Gal's Heels

Why Things Go Wrong

  • Customer Pipe-Dreams vs. Vendor Snake Oil vs. Life's Not Fair

When Things Go Wrong

  • Staying as Far From Court as Possible
  • Isolating Causes, Limiting Damages, Developing a Response Plan, Assigning Response Roles (Not Blame), Allocating the Losses

Worst Case Scenarios

  • Bad Faith; Egos Run Rampant
  • The Contract Can't Be Found
  • Is It Time to Litigate, Capitulate or Arbitrate?

Dealing With the Down Side

  • It Is Possible to Be Too Good at Your Job
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More Program Information

Why Lorman?

Over 33 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

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 November 6, 2018.

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

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

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.

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More Program Information

Why Lorman?

Over 33 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

Thomas J. Hall

Thomas J Hall, Attorney at Law

  • Attorney with more than 20 years of experience in the procurement field
  • 11 years as house counsel to a major insurance company and worked with major national and regional law firms
  • Procurement projects have included fleet leases, bulk purchase contracts, service level agreements, staff augmentation, IT transactions and utility supply agreements
  • Currently a solo practitioner in Wisconsin
  • Graduate, University of Wisconsin Law School
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More Program Information

Why Lorman?

Over 33 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.

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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!

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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: 404446
Published 2018
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Available in Multiple Formats

Purchase this course and learn on your schedule!