Gain a better understanding of supply chain contract provisions and how to negotiate them to your advantage.
Almost every business has suppliers. But have you taken the time to look at the provisions of the contracts governing those supply chain relationships? Can you even identify every contract to which your business is currently committed within its supply chain? This topic will identify the key issues and contract terms currently challenging companies with their suppliers (and customers). You will learn what supply chain contract provisions have been most vexing to companies recently and how to negotiate them to their advantage. Relying on boilerplate in your contracts with a focus only on price and quantity will leave your company and your clients at a distinct disadvantage when things go wrong.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Pre-Drafting Considerations
- Internal Coordination
- Due Diligence
- How to Evaluate Upstream and Downstream Parties and Minimizing Exposure
Drafting Considerations
- Do You Have a Contract?
- How to Adequately Draft Pricing Provisions, Including Various Price Adjustments
- Key Considerations for Exclusivity Provisions
- Term and Termination Rights
- Protection of IP, Confidential Information and Tooling
- Warranties and Remedies:
- Indemnification and Insurance
- Dispute Resolution Options
- Force Majeur
Relationship Mistakes - Managing the Contract Negotiated
- Internal Owner
- Failure to Address Issues
- Failure to Understand the Contract
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on September 26, 2024.
Call 1-866-352-9540 for further credit information.
- CPIM/CFPIM/CSCP 1.0
- This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.0
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.0 CLE credit hours.
- IL CLE 1.0
- This course was approved for a total of 1.0 hours of MCLE Credit by the Illinois MCLE Board.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
- NH MCLE 1.0
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 65 Minutes.
- NJ CLE 1.3
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.3 hours of total CLE credit.
- NM CLE 1.0
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.0 hours of credit.
- NV CLE 1.0
- This program has been approved by the Nevada Board of Continuing Legal Education for 1.0 CLE hours.
- NY CLE 1.0 including Areas of Professional Practice 1
- This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.0 credit hours in the area(s) of Areas of Professional Practice for 1.00 hour. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Education- Noggin Guru, Inc. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- TN CLE 1.08
- This program has been approved as a distance learning format by the Tennessee Commission on Continuing Legal Education for a maximum of 1.08 hours of credit.
- WI CLE 1.0
- This program qualifies for 1.0 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
- WV MCLE 1.3
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.3 MCLE hours.
- ISM 1.0
- Participants who successfully complete this program will receive 1.0 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- AK CLE 1.0
- Arizona CLE 1.0
- CA MCLE 1.0
- CT CLE 1.0
- HI CLE 1.0
- MO CLE 1.3
- NJ CLE 1.3
- NM CLE 1.0
- NY CLE 1.0
- VT CLE 1.0
- WV MCLE 1.3
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Steven (Steve) R. Cade
Foley & Lardner LLP
- Partner and business lawyer with Foley & Lardner LLP
- Represents clients in a broad range of general corporate law and transactional matters, with a focus on mergers and acquisitions, commercial transactions and venture capital financings including clients across a range of industries, including manufacturing, technology, financial services, food and beverage, and health care
- Completed a significant number of mergers, acquisitions, divestitures, joint ventures, and other business combination transactions for a wide variety of clients, including Fortune 500 companies as well as private equity and middle-market publicly traded and privately held clients
- Represents investors, including venture capital firms, family offices and angel investors in a number of emerging growth company investment transactions
- Vice chair of the Business Law Section of the Chicago Bar Association, and a member of the American Bar Association and the National Bar Association and currently serves on the firm’s Recruiting Committee and Diversity and Inclusion Council
- One of The Most Influential Minority Lawyers in Chicago by Crain’s Chicago in 2017
- Admitted to practice in the state of Illinois
- Law degree, Northwestern University Pritzker School of Law; undergraduate degree in finance and management, with honors and distinction, Iowa State University of Science and Technology
Jeffrey A. Soble
Foley & Lardner LLP
- Lead regional litigation counsel to Fortune 200 manufacturer of power systems, including engines, power generator systems, and related technologies
- Manages and supervises firm attorneys in offices around the country from home jurisdiction of Illinois
- Manages and supervises local counsel around the country, having litigated in most of the United States
- National counsel for mobility provider leading litigation matters from coast-to-coast, including routinely co-counseling with other counsel for clients
- Former co-chair of Foley & Lardner LLP’s Automotive Industry Team, responsible for team management, budgeting, planning, revenue, and marketing
- Member of Foley’s Manufacturing Sector Advisory Board
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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