Contract Lifecycle Management

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About Course

Did you know that in India, 60% of lawyers are involved in Contract Life Cycle Management (CLM)? As businesses grow and legal agreements become more complex, the ability to manage contracts effectively is crucial for success. CLM is not just about drafting and signing contracts—it covers the entire journey, from contract creation to performance, amendments, and renewal or termination. This skill is in high demand across industries, making it a valuable asset for legal professionals.

Who Should Take This Course?

  • Law Students: Looking to build a solid foundation in contract management.
  • Junior Lawyers: Wanting to enhance their understanding of contract processes.
  • Corporate Professionals: Involved in legal, procurement, or vendor management.
  • Business Owners: Who frequently engage in contracts and want to manage them effectively.
  • Anyone New to Contract Management: Looking to gain insights into how contracts are created, negotiated, and managed throughout their life cycle.

Why is CLM Important?

Contracts form the backbone of all business transactions. Managing contracts efficiently can:

  • Prevent Legal Risks: Ensure compliance with legal obligations.
  • Save Time and Costs: Streamline processes, avoiding delays and costly mistakes.
  • Improve Business Relationships: Clear, well-managed contracts build trust between parties.
  • Ensure Accountability: CLM helps track deliverables, deadlines, and performance, ensuring obligations are met.

Career Opportunities with CLM Skills

By mastering CLM, you open doors to a variety of job roles across industries, including:

  • Contract Manager: Overseeing the entire contract process, from drafting to execution.
  • Legal Analyst: Supporting legal teams by reviewing contracts and ensuring compliance.
  • Procurement Specialist: Handling supplier contracts, managing negotiations, and ensuring vendor compliance.
  • In-House Counsel: Managing all contracts within an organization, ensuring they align with company goals and legal standards.
  • Compliance Officer: Monitoring contracts to ensure they adhere to legal regulations and industry standards.
  • Project Manager: Managing contracts related to specific projects, ensuring that deliverables and deadlines are met.

These roles exist in industries such as corporate lawITfinancemanufacturing, and consulting, where efficient contract management is essential to business success.

Course Start Date: 10th January, 2025
Duration: 
8 Days
Timings:
 8:30 to 9:30 pm (Weekend Classes)
Platform: 
Google Meets

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What Will You Learn?

  • Contract Lifecycle Management: Scope & Need
  • Essential & Boilerplate Clauses of a Contract
  • Stages of Contract Lifecycle
  • Contract Negotiation
  • How to do Contract Vetting
  • How to do Contract Redlining
  • How to do Contract Abstraction
  • How to Review Contracts
  • CLM Tool Training (for 2 renowned tools)

Course Content

Understanding Contract Life Cycle Management

  • Introduction to CLM: Meaning, Scope & Career Prospects
  • Basic Structure of an Agreement and Essential Boilerplate Clauses: Part 1
  • Basic Structure of an Agreement and Essential Boilerplate Clauses: Part 2
  • Basic Structure of an Agreement and Essential Boilerplate Clauses: Part 3

Stages of the Contract Lifecycle

Contract Negotiation

CLM Tool & Procedure

Earn a Valuable Course Completion Certificate

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