Introduction
Contracts are central to business relationships, but knowing when and how to terminate or renew a contract is crucial to avoiding legal disputes and ensuring continued value. this course provides participants with deep knowledge on the legal, financial, and operational aspects of ending or extending contractual agreements. This course covers key topics such as recognizing the right time for termination or renewal, ensuring compliance with contract terms, handling the negotiation process, and minimizing risks during these transitions. Participants will learn how to manage contract closure efficiently and negotiate renewals that preserve favorable terms for all parties involved.
Course Outline
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Course Objectives
- Target Audience
Contract Termination
- Reasons for ending an agreement.
- Termination for convenience vs. termination for cause.
- Common grounds for termination.
- Termination notice requirements and procedures.
- Key clauses that govern termination.
- Documenting the termination process.
Implications of Termination
- Legal consequences of contract termination.
- Financial risks and mitigation.
- Termination fees and penalties.
- Ensuring proper handover during termination.
- Dispute prevention during termination.
- Steps to ensure a smooth contract closeout.
Negotiating Contract Renewal
- Knowing when to initiate the renewal process.
- Reviewing performance before renewal.
- Key clauses for renewal negotiation.
- Renegotiating pricing, scope, and deliverables.
- Negotiation strategies for contract extensions.
- Documenting the renewal process.
Contract Transitions and Extensions
- Amending contracts before renewal.
- Handling contractual obligations during extensions.
- How to handle situations where renewals are delayed.
- Ensuring all parties are informed and aligned.
- Considerations for renewing contracts in the public sector.
- Avoiding pitfalls that lead to failed renewals.
Dispute Resolution in Termination and Renewal
- Identifying and mitigating risks in termination and renewal.
- Resolve conflicts that arise from termination.
- Dispute resolution clauses in termination and renewal.
- Recourse if termination or renewal is unjust.
- Force majeure and contract renewal.
- Handling breaches during the renewal process.
By the end of this course, participants will be able to:
- Explore the legal processes and frameworks for contract termination and renewal.
- Learn how to assess the right timing for terminating or renewing a contract.
- Discover strategies for negotiating favorable contract renewals.
- Gain insights on managing contract terminations to prevent disputes and ensure compliance.
- Explore the financial, operational, and legal impacts of contract termination and renewal.
- Learn how to handle contract closure, including proper documentation and final deliverables.
- Understand how to manage automatic renewals and contract extensions.
This course is ideal for:
- Contract Managers.
- Legal Professionals.
- Owners and Executives.
- Procurement Managers.
- Supply Chain Managers.
- Compliance Officers.
- Project Managers.
Course Schedule & Fees
- Kuala Lumpur
- Singapore
- Amsterdam
- Online
- Course Fees
This course will take place in Kuala Lumpur on the following dates:
| 19/05/2025 | 02/06/2025 | 16/06/2025 | 30/06/2025 |
| 14/07/2025 | 28/07/2025 | 11/08/2025 | 25/08/2025 |
| 08/09/2025 | 22/09/2025 | 06/10/2025 | 20/10/2025 |
| 03/11/2025 | 17/11/2025 | 01/12/2025 | 15/12/2025 |
| 29/12/2025 | 12/01/2026 | 26/01/2026 | 09/02/2026 |
This course will take place in Singapore on the following dates:
| 12/05/2025 | 02/06/2025 | 23/06/2025 | 14/07/2025 |
| 04/08/2025 | 25/08/2025 | 15/09/2025 | 06/10/2025 |
| 27/10/2025 | 17/11/2025 | 08/12/2025 | 29/12/2025 |
| 19/01/2026 | 09/02/2026 |
This course will take place in Amsterdam on the following dates:
| 05/05/2025 | 26/05/2025 | 16/06/2025 | 07/07/2025 |
| 28/07/2025 | 18/08/2025 | 08/09/2025 | 29/09/2025 |
| 20/10/2025 | 10/11/2025 | 01/12/2025 | 22/12/2025 |
| 12/01/2026 | 02/02/2026 | 23/02/2026 |
This course will take place Online the following dates:
| 27/05/2025 | 24/06/2025 | 22/07/2025 | 19/08/2025 |
| 16/09/2025 | 14/10/2025 | 11/11/2025 | 09/12/2025 |
| 06/01/2026 | 03/02/2026 |
| Kuala Lumpur | Singapore | Amsterdam | Online |
| USD$ 3,580 | USD$ 5,600 | USD$ 5,600 | USD$ 1,920 |
