Advanced Certificate in Practical Business Law Module 1: Understanding and Managing Contracts in the Digital Business Domain
- Innovation & Business Improvement
- Legal
This module is conducted in-person.
2 days
Weekdays (9am - 6pm)
Who Should Attend
- Business owners and professionals across the corporate and public sectors:
- whose jobs require them to review, manage, or deal with contracts and agreements.
- who are interested in learning about how contracts can be used to protect a business’ interests and to ensure certainty and efficiency in business dealings.
PREREQUISITES
- Working proficiency in English
Overview
This highly-interactive course is designed to change all that. Through hands-on activities and context-based learning, participants will work together with each other and with the trainer to demystify and decomplexify common business contracts. Learners will be provided with a foundation in contract law principles and their practical application in day-to-day business transactions. They will also gain valuable insights into the essential elements of contract formation, common contract terms, and how to effectively manage contractual dealings from a commercial and practical perspective.
And given that we now do business in highly digitalised and tech-centric environments, this course will also explore how emerging technologies can affect and augment the way we manage contracts. Participants will learn about how to harness AI (such as ChatGPT) to generate working drafts of common contracts, how contracts can now be executed electronically, the potential applications of blockchain-based smart contracts, and how a shifting focus towards technology and the Internet changes the way we draft and prepare contracts.
By the end of the course, participants will have the knowledge and skills to understand business contracts, confidently navigate contract negotiations, and manage contractual dealings in an increasingly tech-oriented world. They will also be able to increase their productivity and efficiency by using the appropriate solutions and software to manage a contract’s life cycle.
Learning Objectives
At the end of this two-day course, participants will be able to achieve the following learning objectives:
- Identify the essential elements required for the formation of a legally-binding contract and recognize the circumstances under which such contracts, including blockchain-based smart contracts and contracts negotiated and executed electronically, are created.
- Analyze and interpret common clauses found in a variety of contracts; understand their purpose and implications within the contractual context.
- Identify essential contractual terms that are required for businesses engaged in digital, automated, and web based operations such as marketing, selling, data analytics etc.
- Prepare working drafts of contracts and understand/clarify contractual terms using AI such as ChatGPT.
- Recognize the conditions under which contracts can be breached, terminated, or declared void by a court, and evaluate the potential outcomes of such situations.
- Assess the consequences of contractual breaches, including potential remedies and penalties for the parties involved.
- Examine key business contracts, identify critical elements, and develop strategies to protect their interests and mitigate risks during contract negotiation and execution.
- Identify and apply emerging technologies and solutions to enhance the contract management process.
Assessment
As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.
Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.
Calculate Programme Fee
Fee Table
| COMPANY-SPONSORED | |||
|
PARTICIPANT PROFILE |
SELF-SPONSORED |
SME |
NON-SME |
|
Singapore Citizen < 40 years old Permanent Resident LTVP+
|
$654 (After SSG Funding 70%) |
$254 (After SSG Funding 70% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.
Self Sponsored
- SkillsFuture Credit
-
Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.
This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.
Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual). - Workfare Skills Support Scheme
-
From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.
Company Sponsored
Enhanced Training Support for SMEs (ETSS)
- Organisation must be registered or incorporated in Singapore
- Employment size of not more than 200 or with annual sales turnover of not more than $100 million
- Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
- Trainees must be Singapore Citizens or Singapore Permanent Residents
- Trainees must not be a full-time national serviceman
- Trainees will be able to enjoy ETSS funding only if the company's SME's status has been approved. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
Intake Information
This module is conducted in-person.
| Course | Dates |
|---|---|
| INTAKE 14 | 6 - 7 Mar 2025 [Open for Registration] |
*Online registration will close 5 calendar days before the course start date
