On Demand Webinar

Critical Contract Clauses During a Pandemic

Webinar Details $219

  • Rated:
  • Webinar Length: 100 Minutes
  • Guest Speaker:   Jim Bergman
  • Topic:   Purchasing
  • Credit:   CPE 2.0, ISM 1.5, ATAPU 1.5, ATATX 1.5
All Access Membership

Not only has the pandemic taken a toll on lives, families, health systems and economies across the globe, but upon commercial contracts as well.  Expectations and contractual obligations are in flux.  Financial returns are changing for all parties.  Contracts are being renegotiated and terminated.  Commercial relationships are being strained.

For many, simply having a contract in place during these challenging times is of minor consequence. 

Proactive contracting professionals are re-examining their contract templates and toolboxes.  Contract language is being revisited and revised.  Where are these contracting leaders looking?  Which terms and conditions are becoming more critical? 

Your Benefits of Attending:

  • Gain insight into which clauses have been elevated as most crucial.
  • Learn which clauses are most often being re-drafted and re-negotiated... and which contracts are being terminated.
  • Understand whether focusing on force majeure clauses is an effective approach.
  • Understand why the "Definition" section of your contract has increased in importance.
  • Learn whether best efforts and reasonable efforts are being re-defined in light of safety concerns.
  • Gain knowledge about how SOW's, SLA's and KPI's are being used in a new capacity.

Join Jim Bergman today and walk away with information critical to your contracts.

  1. Introduction
  2. Objectives 00:02:14
  3. Disclaimer 00:04:44
  4. Trends 00:06:30
  5. Trend 1 00:08:12
  6. Trend 2 00:11:43
  7. Trend 3 00:12:50
  8. Trend 4 00:14:01
  9. Trend 5 00:16:13
  10. Trend 6 00:29:45
  11. Trend 7 00:29:54
  12. Trend 8 00:32:59
  13. Clauses - Highly Impacted - Force Majeure 00:33:44
  14. Clauses - Highly Impacted - Termination 00:45:00
  15. Clauses - Highly Impacted - Standard of Performance 00:51:03
  16. Clauses - Highly Impacted - Warranties 00:58:08
  17. Clauses - Highly Impacted - Remedies 001:04:46
  18. Clauses - Highly Impacted - Limitation of Liabilities 00:16:09
  19. Clauses - Highly Impacted -Liquidated Damages 01:22:34
  20. Clauses - Highly Impacted - Confidentiality 01:26:58
  21. Clauses - Highly Impacted - Governing Law 01:31:23
  22. Clauses - Highly Impacted - Definitions Section or Separate Section 01:33:11
  23. Clauses - Highly Impacted - Safety Adherence/Exhibit 01:33:42
  24. Exhibits- Highly Impacted - Scope of Work 01:36:33
  25. Exhibits- Highly Impacted - Service Level Agreement 01:37:36
  26. Exhibits- Highly Impacted - Key Performance Indicators 01:39:01
  27. Key Question 1 01:40:34
  28. Key Question 2 01:40:57
  29. Key Question 3 01:41:09
  30. Key Question 4 01:41:46
  31. Key Question 5 01:42:01
  32. Objectives - Revisited 01:42:50
  33. Contracting Practitioners Must: Revisit 01:43:02
  34. Contracting Practitioners Must: Define 01:
  35. How Does This Apply To Your Contracting Scenarios? 01:44:12
  36. Resources 01:44:19
  37. Presentation Closing 01:47:36
  • Audit 00:17:23, 00:21:44, 00:24:03
  • Clause 00:06:38
  • Contract 00:03:32
  • Contract Clause 00:02:48, 00:12:25
  • Force Majeure Clause 00:03:15, 00:33:56
  • Key Performance Indicator (KPI) 00:04:27, 00:25:48, 01:39:01
  • Scope of Work (SOW) 00:25:46, 01:36:33
  • Supplier 00:07:33, 00:43:12
  • Supply Chain 00:43:02

Audit: A formal examination of an organization's or individual's accounts or financial situation

Clause: Clauses are specific provisions or sections in your contract that address a specific aspect of the agreement. Clauses clearly define each party's duties, rights, and privileges under the terms of the contract.

Contract: A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.

Contract Clause: A contract is a legally binding agreement between two parties. A written contract consists of specific provisions, or clauses. Clauses define the rights and obligations each party has under the agreement. Clauses generally fall into one of three categories: enforcement clauses, interpretation clauses, and execution clauses.

Force Majeure Clause: A "force majeure" clause is a contract provision that relieves the parties from performing their contractual obligations when certain circumstances beyond their control arise, making performance inadvisable, commercially impracticable, illegal, or impossible.

Key Performance Indicator (KPI) : A Key Performance Indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets.

Scope of Work (SOW): The Scope of Work (SOW) is the area in an agreement where the work to be performed is described. The SOW should contain any milestones, reports, deliverables, and end products that are expected to be provided by the performing party. The SOW should also contain a time line for all deliverables.

Supplier: A supplier is an entity that supplies goods and services to another organization. A supplier is usually a manufacturer or a distributor. A distributor buys goods from multiple manufacturers and sells them to its customers. Similar Terms. A supplier is also known as a vendor.

Supply Chain: A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. The supply chain also represents the steps it takes to get the product or service from its original state to the customer.

Guest Speaker

  • Jim Bergman

CPE Credit

Continuing Professional Education

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or training@auroratrainingadvantage.com.

ISM Credit

Institute of Supply Management

This program may be used for Continuing Education Hours (CEH) toward recertification for programs offered by the Institute for Supply Management®, including the Certified Professional in Supply Management® and Certified Professional in Supplier Diversity®.

ATAPU Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in purchasing.

ATATX Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.