Contract Collaboration

Contracts define expectations, making it possible for parties to work together and achieve defined outcomes. They’re the foundation of successful business relationships. That’s why contracts that aren’t complete or truly satisfactory to all parties involved can be disastrous. Dissatisfaction over contracts can ultimately lead to the breakdown of business arrangements. They can also substantially damage an organization’s delivery and reputation.

When creating contracts, it can be easy to forget they represent the interests of more than 1 party. But it’s essential you proceed in a way that creates a healthy business relationship. Collaboration can help you overcome the potential drawbacks of working with 3rd parties. And understanding the key steps to follow when negotiating will help you create contracts that work for everyone involved.

By the end of this course, you’ll be able to:

• Explain how collaborating on contracts can prevent issues like shading
• Understand the importance of taking a win-win approach to negotiating contracts
• Define the key steps in negotiating and collaborating on a contract

Why take this course?

Everyone involved in negotiating contracts needs to understand how to collaborate, so all parties are satisfied with the outcome. This course will walk you through the basics of negotiating and collaborating on a contract. This’ll help you establish working relationships that’ll help your organization achieve its desired outcomes.

10 mins | SCORM | Takeaway Tasks