Supply Chain Contracting - How Can Supply Contracts Rise to the Challenge?
Supply chain contracting calls for a radically different approach. Contracts allow supply chain partners to align their respective incentives to a common goal, helping the partners tailor their commitments, whilst ensuring each partner knows what is expected.
The risks and rewards for suppliers and buyers are affected by the dynamic, evolving nature of a continuing commercial relationship in ways which go to the heart of business success and which can easily dwarf the types of legal risk with which legal advisers are usually concerned. From vaccines to slavery and child labour, from tsunami damage to Brexit, from a shortage in computer chips to the presence of horsemeat in beef products, from changes in government policy to public boycotts, problems at any point in the supply chain can cause business interruptions, impacting on customer confidence and brand reputation and ultimately crippling the business.
In the fluid and unpredictable world of the supply chain, how can supply contracts best rise to the challenge?
This virtual classroom seminar is aimed at legal advisers who are already proficient in key concepts of contract law, but who lack senior experience in supply chain contracting.
What You Will Learn
This live and interactive session will cover the following:
- Supply chains - features, advantages and disadvantages
- Supplier’s strategic considerations
- Buyer’s strategic considerations
- Managing key risks in a supply chain (price, term and termination, quality control, rights of exploitation, supply difficulties, sourcing rights, force majeure, volumes, exclusivity of supply, dispute resolution)
- Human rights and supply chains (Modern Slavery Act 2015)
- Compliance (Bribery Act 2010)
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.