Art of Drafting and Negotiating Contracts - Dubai 15 December 2024
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Introduction:
Negotiation is one of the most critical aspects that legal professionals and advisors must undertake before signing contracts or when disputes arise concerning contractual matters.
The negotiation process is an art in itself, requiring legal and dispute resolution professionals to understand and appreciate its importance for drafting contracts that meet the expectations of the contracting parties, as well as resolving potential conflicts.
Through this course, participants will unlock their negotiation power by focusing on the essential skills of the art of negotiation.
Course Objectives:
Objectives of the Course "Art of Drafting and Negotiating Contracts":
Understand the various types of contracts and their fundamental principles.
Develop precise legal drafting skills.
Analyze contracts and assess potential risks.
Enhance negotiation strategies to achieve fair terms.
Adapt to local and international legal systems.
Learn effective management of contractual disputes.
Scientific Themes:
Understanding the Legal and Technical Nature of Contracts
Essential Elements: Key components every contract must include.
Defining Obligations: How to identify and articulate the commitments of contracting parties.
Contract Management: Choosing precise legal language and phrasing.
Structured Approach: Developing a methodology and plan for drafting contracts.
Drafting Basics: Starting with contractual writing.
Creative Legal Thinking: Leveraging legal imagination during the negotiation phase.
Diverse Team Management: Handling legal teams from various cultural backgrounds.
From Ideas to Commitments: Transforming concepts into binding contractual obligations.
Practical Implementation: Ensuring the contract is enforceable.
Dispute Origins and Resolution
Root Causes of Conflict: Understanding why disputes arise in contracts.
Negotiation Management: Facilitating mutual acceptance of negotiations to resolve disputes.
Dispute Analysis: Grasping the nature of conflicts for effective resolution.
Critical Review: Reading contracts critically to prepare for negotiation.
Negotiation Techniques
Team Formation: Establishing an effective negotiation team.
Coordination Strategies: Ensuring seamless communication among team members.
Risks of Misalignment: Addressing challenges of uncoordinated teams.
Core Negotiation Skills: Mastering fundamental negotiation techniques.
Body Language: Interpreting gestures and eye movements during negotiations.
Meeting Preparation: Strategies for setting up negotiation meetings (home ground vs. opponent's ground).
Maximizing Gains: Enhancing outcomes through negotiation.