Topic: Introduction to Procurement
Lessons: 3 video lessons
Total length: 09:39 min
A contract is an agreement between two or more parties that defines and assigns risk between the parties to the contract. For a contract to be successful, it needs to clearly describe scope of work, roles and responsibilities, and key performance indicators.
1. Understanding of what a contract is and why it’s necessary in business relations
2. Understanding the legal elements that need to be in place to ensure that your contract is legally enforceable
3. Understanding the steps required to start implementing a contract