CIPS L5 Advanced Diploma

L5M3 Managing Contractual Risk

On-demand tuition provides access to a full suite of our excellent teaching materials, and importantly a pre-recorded tutor explanation of all theory split into convenient small sections. You can access these resources whenever you desire, from everywhere, with tutor support being provided as required.

On completion of this module, learners will be able to evaluate the legal and process issues relating to the formation of contracts and the legal implications of contractual non- conformance. They will also assess the impacts of breach of contract and examine coping remedies and provisions that are available under such circumstances.

Course curriculum

  • 1

    Course Preview and Explanation

  • 2

    Chapter 1 - Understand the legal and process issues relating to the formation of contracts

    • Chapter 1 - Session Notes

    • L4M3 Recap of key base knowledge

    • LO1.1|Identify the issues relating to the formation of contracts and associated risks

    • LO1.2|Analyse the implication of the various elements of contractual documentation and process on overall risk
  • 3

    Chapter 2 - Understand the impacts of breach of contract and coping strategies and provisions that are available

    • Chapter 2 - Session Notes

    • LO2.1|Analyse the different levels of breach of contract and their impact

    • LO2.2|Compare and contrast the tools and technique available to resolve a breach of contract

    • LO2.3|Explain different organisational responses to a breach of contract
  • 4

    Chapter 3 - Understand the legal implications of contractual non- conformance in procurement and supply

    • Chapter 3 - Session Notes

    • LO3.1|Contrast remedies that apply to the non-performance of contracts in procurement and supply

    • LO3.2|Analyse the legal consequences of terminating a relationship in procurement and supply

    • LO3.3|Compare mechanisms for dispute resolution for resolving conflicts in procurement and supply
  • 5

    CIPS Practice Questions

    • CIPS Practice Questions