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Reading and Interpreting Contracts Guide is designed to introduce
the contracting process and to create a foundation of contracting skills by explaining the key laws,
principles, policies, procedures and roles necessary to read and interpret standard contracts.
The first module, Contract Process, highlights key points of the contracting process that are used to
purchase goods and services. The second module, Contracting Law, addresses fundamental business, legal,
and technical issues involved in contracting. The module begins by defining what a contract is, sources of
prevailing laws, and specifies the elements and characteristics of a quality contract. THe third
module, Standard Purchasing Contracts, explore the meaining and specific sections and clauses in contracts.
Chapter 1 - Contracting ProcessIntroductionThe Process
- Contract Process Summary
- Business Partner Involvement
- Contract Planning
- Contract Development
- Contract Management
Module SummarySelecting the Right SupplierNegotiating the Contract
Managing the Contract
Chapter 2 - Contract Law BasicsIntroductionContract Law
What Are The Sources of Contract Law?What Should Be Included in a Contract
What Happens After a Contract is Signed?
Chapter 3 - Standard Purchasing ContractsIntroductionStandard Terms and ConditionsModule Summary
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