Cips L5M3 Managing Contractual Risk - Revision Toolkit

Practice Test & Revision Notes for L5M3 - a module of CIPS Level 5 Advanced Diploma in Procurement and Supply

What you'll learn
Understand the legal and process issues relating to the formation of contracts
Understand the impacts of breach of contract and coping strategies and provisions that are available
Understand the legal implications of contractual nonconformance in procurement and supply
Understand recent development in English commercial contract law
Requirements
CIPS Level 4 Diploma in Procurement and Supply is required to enroll this course
Description
Hello CIPS students, it's me again. As you know, we've been offering Level 4 practice papers on Udemy with very high rating. However, my colleagues and I think that we should not stop at providing practice questions. Ultimately, our mission is to help you become a respected procurement professional, not just a person with CIPS Diploma or Advanced Diploma. Therefore, we roll out this product: The Revision Toolkit.The Toolkit contains short and comprehensible lessons as well as illustration graphs and small quizzes. Basically, we guide you through every sections in the book and some tips for the exam. Not only that, we also extend your knowledge by adding extensive reading materials. You may find interesting articles about guarantees, or thorough explanation of each payment method in international trade, or recent development on penalty and liquidated damages clause.It is intended to help you understand the knowledge from the study guide. Furthermore, you can find the answer for every Check, Apply and End of Chapter questions in the book. Currently, the Toolkit consists of reading articles only. We'll add video in the future update.Finally, there’s still what you want the most: the practice question. It is available at the end of the Toolkit. Let's apply the coupon code "STRENGTHEN" to our practice tests for the best price!

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: CHAPTER 1: UNDERSTAND THE LEGAL AND PROCESS ISSUES RELATING TO THE FORMATION…

Lecture 2 Contract Formation

Lecture 3 Offer Video

Lecture 4 OFFER

Lecture 5 OFFER & COUNTER OFFER

Lecture 6 ANSWER CHECK, APPLY QUESTIONS

Lecture 7 ACCEPTANCE

Lecture 8 ACCEPTANCE

Lecture 9 Vagueness and Incompleteness

Lecture 10 INTENTION TO CREATE LEGAL RELATION

Lecture 11 INTENTION TO CREATE LEGAL RELATION

Lecture 12 What are not consideration

Lecture 13 CONSIDERATION

Lecture 14 CONSIDERATION

Lecture 15 ANSWER CHECK, APPLY QUESTIONS

Lecture 16 How to decide the winner in a battle of the form

Lecture 17 BATTLE OF THE FORMS

Lecture 18 BATTLE OF THE FORMS

Lecture 19 ANSWER CHECK, APPLY QUESTIONS

Lecture 20 CONTRACT CHANGE AND CONTRACT VARIATION

Lecture 21 Primary and Secondary Obligation

Lecture 22 INDEMNITIES AND LIABILITIES

Lecture 23 ANSWER CHECK, APPLY QUESTIONS

Lecture 24 INSURANCE

Lecture 25 ANSWER CHECK, APPLY QUESTIONS

Lecture 26 'See to it' and Demand Guarantee

Lecture 27 GUARANTEE

Lecture 28 ANSWER CHECK, APPLY QUESTIONS

Lecture 29 LIQUIDATED DAMAGES

Lecture 30 ANSWER CHECK, APPLY QUESTIONS

Lecture 31 TRANSFER OF RISK, DELIVERY AND ACCEPTANCE

Lecture 32 Documentary collection and Documentary credit

Lecture 33 PAYMENT

Lecture 34 PAYMENT IN INTERNATIONAL TRADE (1)

Lecture 35 PAYMENT IN INTERNATIONAL TRADE (2)

Lecture 36 ANSWER END OF CHAPTER QUESTIONS

Section 3: CHAPTER 2: THE IMPACTS OF BREACH OF CONTRACT AND COPING STRATEGIES AND…

Lecture 37 CHECK: CONDITION, WARRANTY AND INNOMINATE TERM

Lecture 38 APPLY: INNOMINATE TERMS

Lecture 39 APPLY: KPIs

Lecture 40 APPLY: AFFIRMATION REASONABLE TIME

Lecture 41 APPLY: MINOR BREACH

Lecture 42 APPLY: CHICKEN CASE

Lecture 43 CHECK: MINOR BREACH DAMAGES

Lecture 44 CHECK: MAJOR AND MINOR BREACH

Lecture 45 APPLY: BREACH AND REMEDY

Lecture 46 CHECK: CONTIGENCY

Lecture 47 APPLY: NEGOTIATION

Lecture 48 APPLY: INFORMATION IN NEGOTIATION

Lecture 49 APPLY: NEGOTIATION AND BREACHES OF CONTRACT

Lecture 50 APPLY: TEAM NEGOTIATION

Lecture 51 APPLY: MEDIATION

Lecture 52 APPLY: CONCILIATION

Lecture 53 APPLY: ADJUDICATION

Lecture 54 APPLY: PREFERENCE FOR ADJUDICATION

Lecture 55 APPLY: ARBITRATION

Lecture 56 APPLY: CONFLICT RESOLUTION

Lecture 57 APPLY: LITIGATION

Lecture 58 APPLY: FACTORS CONSIDERED IN CONFLICT RESOLUTION

Lecture 59 APPLY: SUBCONTRACTING

Lecture 60 CHECK: PENALTY AND LIQUIDATED DAMAGES

Lecture 61 APPLY: BREACH

Lecture 62 END OF CHAPTER ASSESSMENT

Section 4: CHAPTER 3: Legal implications of contractual non-performance in procurement …

Lecture 63 APPLY: BUYER'S OBLIGATION

Lecture 64 APPLY: SUPPLIER'S PERFORMANCE

Lecture 65 CHECK: FORCE MAJEURE AND FRUSTRATION

Lecture 66 APPLY: LATE PAYMENT CHARGE

Lecture 67 APPLY: ENFORCEABLE LIQUIDATED DAMAGES

Lecture 68 CHECK: SUITABILITY OF LIQUIDATED DAMAGES CLAUSE

Lecture 69 APPLY: LIQUIDATED, UNLIQUIDATED DAMAGES AND PENALTY

Lecture 70 APPLY: GRACE PERIOD

Lecture 71 APPLY: EMAIL NOTICE

Lecture 72 APPLY: TERMINATION

Lecture 73 CHECK: DAMAGES AND COMPENSATION

Lecture 74 APPLY: EXPECTATION MEASURE

Lecture 75 APPLY: MEASURE TO CALCULATE THE DAMAGES

Lecture 76 APPLY: WARRANTY AND REPRESENTATION

Lecture 77 CHECK: REPUDIATION, RESCISION AND REVOKING

Lecture 78 APPLY: SPECIFIC PERFORMANCE

Lecture 79 APPLY: HARDSHIP IN SPECIFIC PERFORMANCE

Lecture 80 CHECK: SPECIFIC PERFORMANCE

Lecture 81 APPLY: NEGOTIATE THE TERMINATION

Lecture 82 CHECK: DISPUTE MECHANISM

Lecture 83 APPLY: RANKING DISPUTE RESOLUTION MECHANISM

Lecture 84 APPLY: ADR

Lecture 85 APPLY: CHOOSING LITIGATION OVER ADJUDICATION

Lecture 86 APPLY: LITIGATION

Lecture 87 CHECK: LITIGATION AS LAST RESORT

Lecture 88 END OF CHAPTER ASSESSMENT

Section 5: MOCK TEST

CIPS Level 4 Diploma holders