Contracts

Structuring Effective Contracts

Does it seem as though every time you write a contract you start from scratch? Do you go through multiple redline revisions with the counterparty, spending valuable time and resources to produce an acceptable document?

It’s time to start structuring effective contracts with a repeatable process utilizing templates and clause libraries that can be quickly built, are easily understood and that align with your company risk appetite.

“Structuring Effective Contracts” is presented by Carolyn Jungclas, a recognized industry expert who has many years of experience leading company Procurement departments and Vendor Management Offices and who has structured, negotiated and managed thousands of contracts. Carolyn will share her invaluable experience and expertise as she guides you through a contract structuring journey, providing you with Master Services Agreement and Statement of Work templates that you can leverage to create your own contract templates and clause libraries going forward.

This course will benefit attorneys, contract professionals, procurement professionals, company internal business owners, risk managers as well as third parties selling services.

Time Required: 10 hours

CPE Credits: 12

Cost: $1,499.00 per person

Curriculum: 5 chapters

Materials Provided:

1. Course Content – chapter PDFs
2. Contracts Companion document including:
   a. Master Services Agreement Clause Framework
   b. Statement of Work template
3. Mutual Non-Disclosure Agreement template

At the conclusion of the course the student will receive

• Certificate of Completion

OVERVIEW:

Contract structures vary greatly in format and there are no industry standards for creating contract templates. No matter what industry your company operates in, all companies want contracts that are clearly written and easy to understand, but that’s just not always the case. Structuring an effective contract takes a time, skill and experience. It can be a repeatable process resulting in a document that is laid out logically and that makes sense to both parties.

Well-structured contracts provide clear advantages to attorneys, procurement and contract professionals and the vendors/ third parties. Reducing the review, red-line process and turn-around time adds huge value to the contracting process, reducing and ultimately saves valuable time and money. Building a standard template and/or library of clauses (terms and conditions) that can be easily assembled is a true time and money saver and creates repeatable and reliable process for ensuring that contracts are:

• Aligned with the company risk appetite
• Clearly Written,
• Easily Understood, and
• Define the rights and responsibilities of both parties

COURSE GOAL:

The goal of the Structuring Effective Contracts course is to guide you through the process of creating a standard a Master Services Agreement (MSA) and Statement of Work (SOW) template with the terms and conditions that meet the requirements of your company policies and its’ risk appetite. In addition, by leveraging suggestions for contract structuring from Interagency Guidance in the financial services sector, those of you subject to FFIEC Guidance will develop a contract template and SOW template that is aligned with Federal regulatory agency guidelines. At the end of the course, you will understand all the clauses that should be included (or not) in a Master Services Agreement and Statement of Work and have a framework to partner with internal stakeholders to create a repeatable process for structuring and negotiating effective contracts.