Self-Paced, Online Certificate Course on Contract Life Cycle Management

About the Course

Contract Management can be a great starting point for a corporate career. Needless to say, the process of contract management is more complex than simply drawing up an agreement and getting the same executed by the contracting parties.

Contract Management entails many pre-execution as well as post-execution steps, including but not limited to checking if the contract was structured in accordance with the standard form of contract and other company policies, reviewing third-party contract templates, managing databases, ensuring timely renewal or termination, compliance, etc.

Becoming an expert in this field can significantly decrease the amount of time and resources that you require to manage all contracts, whether it is a small, medium, or large-sized organization.

This course has been specifically designed to teach you everything about Contract Life Cycle Management. Through this course, you will be able to learn each step of Contract Life Cycle Management with the help of customized recorded lectures, extensive reading modules, and the MCQ test developed by the expert!

About Lawctopus Law School

Conceptualized and kick-started in May 2019, and formally launched in March 2020, Lawctopus Law School has taught a wide range of practical skills to over 9000+ law students, young lawyers, professionals, academicians, and business people in the last 18 months.

Over 2000 students have rated our courses and the average rating is 92.6/100 call our online courses a ‘warm’ learning experience!

At LLS, our courses are developed by subject matter experts (practitioners and academicians) and these courses are a mix of rigorously researched reading modules, recorded lectures by industry experts, weekly live sessions by experts, assignments (with personalized feedback), special, add-on career webinars, and the now famous ‘warmth and care’ of LLS.

In fact, our courses on Legal Research and Writing, Contract Drafting and Negotiation, Litigation Basics, ODR, IPR (with separate modules too for Trademarks, Copyrights, and Patents), Applying for LLM Abroad, Legal Notice Drafting, Mooting, and test prep mocks have transformed how people look at legal education and online legal education.

Structure of this Course

Module 1: Introduction to Contract Management and Pre-execution procedures

• What are contracts and smart contracts?
• What is Contract Management?
• Contract Management System and its importance
• Key administrative wings of Contract Management
• Contract Vetting / Red-lining (Practical Video)

Module 2: Steps involved in Contract Management and Contract Management Tools (Practical video for each step)

• Contract Drafting
• Contract Vetting
• Contract Abstraction
• Contract Summarisation
• Auditing and Reporting

Module 3: Skills required to be an efficient Contract Management Professional

• Who is a Contract Management Professional?
• Role of a Contract Management Professional
• Skills required to be an efficient Contract Management Professional
• Career opportunities in Contract Management

Module 4: Contract Management Tools

• What is ECMS?
• ECMS tools

Assignment: An MCQ quiz that will test you on all 4 modules of Contract Lifecycle Management.

Certification: You’ll be given an e-certificate based on the MCQ test.

How will this course help you?

• Contract Management can be a lucrative career option for you.
• You can be an asset to any law firm or company.
• You can provide contract management services as a freelancer and earn good money!
• With expertise in contract management skills, you can become a legal educator as well.

Who can enrol for this course?

• Law students
• Legal professionals
• CAs/CS professionals interested to explore CLM
• Business professionals
• Law graduates wanting to enter the LPO industry
• Academicians wanting to upgrade their practical knowledge

Course Fee

Rs. 2,700/-

Duration and Mode of Learning

• Completely self-paced and online
• Recorded video lectures
• Text-based modules and reading resources
• Online-based forum for doubts
• 1 compulsory assignment: MCQ Test of 20 questions

Assignment and Certification

• In order to receive the certificate, you need to take the MCQ test
• If you score above 50% in the MCQ test, you will be eligible to download a Completion Certificate

Free Access to ManuContract

Students of this course will get free access to ManuContract for the duration of the course, i.e. for 2 months. ManuContract is one of India’s most popular and trustworthy tools for contract lifecycle management (CLM) and we believe having access to the platform for 2 months will help students gain familiarity and develop competence in using this excellent resource.

Below is a description of ManuContract taken from their website (and the context behind the same).

Contracts are the cornerstone of any transaction between entities and are the driving force behind all types of transactions across businesses. The relevance of knowing how to work with contracts is such that it is an independent work profile on its own with specialist professionals in the field. Paying attention to the minutest aspects of a contract is thus vital to ensure a streamlined contract lifecycle.

ManuContract offers an intelligent solution for CLM requirements covering:

• Contract Creation & Negotiation
• Contract Execution & Approval
• Contract Renewals, Adjustments, Extensions and Terminations
• Contract Intelligence (AI-based contract analysis & more)

Lawctopus and ManuContract also conduct joint webinars every 2-3 months. The webinars are around the topics of contract lifecycle management, using ManuContract for the same, etc. and students of this course will have the opportunity to attend those webinars on priority.

Course Duration and Access

You’ll have access to this course for 12 months from the date of registration.

And while you can complete this course at your own pace, we recommend that you completed this course within 4 weeks.

Giving ourselves a fixed timeframe to complete things increases the chances of getting things done.

Contact

If you have any questions, please leave a comment on this post or email at courses@lawctopus.com