Contract Management Training | Contract Negotiation Training in Chicago

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Contract Negotiation Training Course

Chicago

Includes course materials, completion certificate, & refreshments.
Delegates will become familiar with the fundamentals of contract negotiation.
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Course information

Contract Negotiation Training Course Outline

Module 1: What is Negotiation?

Introduction to Negotiation
Negotiation Types
Contract Laws
Underlying Tensions
Why Negotiate?
BATNAs and WATNAs
Expectations of Other Parties

Module 2: Negotiation Approaches Overview

Planning a Negotiation
Adopting a Win-Win Approach
Asking Questions and Listening

Module 3: Streetwise Tactical Plays

Recognizing Streetwise
Countering them Effectively
Why are They Outdated?

Module 4: Principle Negotiation

Arriving at Yes
Getting Passed No
What Kind of No Is It?

Module 5: Communication

Verbal Communication
Interpreting Body Language
Persuasion

Who should attend this Contract Negotiation Training Course?

The Contract Negotiation Course in Chicago is designed for professionals across various industries who are involved in negotiation processes, contract management, procurement, and vendor relations. The following professionals can greatly benefit from attending this training:

Procurement Managers
Contract Administrators
Sales and Business Development Professionals
Legal Counsel and In-house Counsel
Project Managers
Vendor and Supplier Relationship Managers
Contract Analysts

Prerequisites of the Contract Negotiation Training Course

There are no formal prerequisites for this Contract Negotiation Course.

Contract Negotiation Training Course Overview

Contract Negotiation is a critical skill for securing favorable business deals. It involves legal understanding, negotiation tactics, and strategic planning in Chicago. Effective negotiation becomes crucial for a company's success and strategic partnerships as markets evolve.

Project managers, business executives, and legal advisors must master contract negotiation. It enables them to negotiate better deals, resolve disputes, and align agreements with organizational goals in Chicago. Thus, enhancing negotiation skills is vital for those in contract-related roles.

The Knowledge Academy's 1-day Contract Negotiation Training in Chicago equips delegates with essential negotiation skills. This course teaches negotiation fundamentals, strategies, and practical application, empowering delegates to negotiate confidently in various scenarios.

Course Objectives

To understand the principles and psychology behind effective contract negotiation
To develop strategies for successful negotiation and dispute resolution
To learn the art of preparing for and conducting negotiations
To identify and leverage one's bargaining position
To recognize and mitigate potential risks during negotiations
To enhance communication skills for better negotiation outcomes

Upon completing this course in Chicago, delegates will be able to conduct confident and successful contract negotiations. They will be better positioned to secure favorable terms, mitigate risks, and foster positive relationships with business partners.

What’s included in the Contract Negotiation Training Course?

World-Class Training Sessions from Experienced Instructors
Contract Negotiation Certificate
Digital Delegate Pack

Why choose us

Our Chicago venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Chicago is on Lake Michigan in Illinois; it is among the largest cities in the U.S.A with a population of 2,635,352. Famous for it’s architecture and skyscrapers such as the iconic John Hancock Center, and the neo-Gothic Tribune Tower. Chicago is also renowned for its museums, including the Art Institute of Chicago. Since the mid 19th century, Chicago has been the centre of higher education and research with several universities such as; the University of Chicago; Illinois Institute of Technology; Northwestern University; Loyola University Chicago; DePaul University and University of Illinois at Chicago.

Address

One Magnificent Mile
980 North Michigan Avenue
Suite 1400
Chicago
Illinois
60611

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Contract Management Training | Contract Negotiation Training in Chicago. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Contract Management Training | Contract Negotiation Training in Chicago, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Learn more in our FAQs

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

Learn more in our FAQs

What our customers are saying

Vivek was a great trainer, very informative and knowledgeable.

Gerard Hamill

the trainer was very detail.

Michael Anyia

The trainer was very familiar with the course subject and presented it very well.

Vickey Rulo

Contract Management Training | Contract Negotiation Training in Chicago FAQs

What is Contract Negotiation?

Contract Negotiation Training enhances your skills in negotiating and finalising favourable contract terms. It covers negotiation techniques, strategies, and practical exercises to prepare you for real-world scenarios.

When to Negotiate a Contract?

Contracts should be negotiated before they are finalised and signed, typically during the pre-Contract stage. This allows parties to discuss and agree upon terms, resolve any disagreements, and ensure that the Contract accurately reflects their intentions, leading to a more satisfactory and mutually beneficial agreement.

What is the process of Contract Negotiation?

Contract Negotiation involves preparing, discussing, and modifying terms, and finalising the agreement before signing. Each stage ensures that both parties reach a mutually beneficial agreement.

How to Negotiate Contracts in Word?

Use the "Track Changes" feature in Word to suggest edits, add comments, and manage collaborative negotiations efficiently.

How to Negotiate Contracts in Google Docs?

To negotiate Contracts in Google Docs, you can leverage the "Suggesting" mode to propose changes, comments, and revisions within the document. This allows collaborators to review and accept or reject suggestions, facilitating a collaborative and streamlined negotiation process within the Google Docs platform.

How to Negotiate a Contract Effectively in 2024?

Stay updated with industry trends, legal considerations, and pursue Contract Negotiation Certification to enhance your skills and confidence in complex negotiations.

How to improve your ability to Negotiate Contracts?

Stay updated with industry trends and legal considerations, and pursue Contract Negotiation Certification to enhance your skills and confidence in complex negotiations.

Is Negotiation binding on parties?

Negotiation itself is not legally binding until formalised into a signed contract, which becomes enforceable by law.

How do I track a Contract Negotiation?

To track a Contract Negotiation, maintain detailed records of all communications, proposals, and revisions, using Contract Management tools to ensure an organised and transparent process.

What is a Contingency Contract in a Negotiation?

A contingency contract includes specific conditions that must be met for the agreement to become binding, addressing potential uncertainties.

What is the difference between Contract Negotiation and Contract Management?

Contract negotiation is the process of agreeing on terms before signing, while Contract Management oversees the execution and compliance of an already signed contract.

Is there an exam for the Contract Negotiation Training Course?

No, there is no exam for Contract Negotiation Training.

How experienced are the Contract Management instructors?

Our Contract Management instructors are fully certified and have years of experience in Contract Management.

What is included in this Contract Negotiation Training Course?

The course includes expert-led training sessions, a digital delegate pack, and a certificate upon completion.

What are the benefits of taking this Contract Negotiation Training Course?

This course enhances your Contract Negotiation skills, improves career prospects, and prepares you to handle complex negotiations effectively, resulting in better agreements and business outcomes.

What does Contract Negotiation Certification aim to achieve?

The certification aims to validate your expertise in Contract Negotiation, demonstrating your ability to negotiate effectively and achieve favourable outcomes in various business scenarios.

Which individuals or roles require Contract Negotiation Certification?

Procurement professionals, Contract Managers, Legal Advisors, Sales Managers, and anyone involved in negotiating agreements can benefit from obtaining Contract Negotiation Certification.

Are there any prerequisites to attend this Contract Negotiation Training Course?

There are no formal prerequisites, but having a basic understanding of Contracts and Negotiation principles can be helpful for better understanding the course content.

What is the significance of holding Contract Negotiation Certification?

Holding this certification signifies your proficiency in Contract Negotiation, making you a valuable asset to employers, increasing job opportunities, and enhancing your professional credibility.

What is the duration of this Contract Negotiation Course?

The duration of the course is 1 day.

Do you offer 24/7 support for this Contract Negotiation Course?

Yes, 24/7 support is provided, ensuring that delegates can receive assistance with any queries or issues throughout the course.

Do you provide self-paced Contract Negotiation Training Course?

Yes, a self-paced version of the course is available, allowing delegates to learn at their own convenience and pace.

What is the difficulty level of this Contract Negotiation Certification Course?

The course is designed for beginners to intermediates, offering a moderate difficulty level, making it accessible to a wide range of professionals.

What kind of jobs can I expect based on this Contract Negotiation Course?

After completing the course, you can pursue roles such as Contract Manager, Procurement Specialist, Legal Advisor, or Sales Manager, where negotiation skills are essential.

Do you provide corporate training for this Contract Negotiation Course?

Yes, corporate training is available, tailored to meet organisational needs and enhance team expertise in Contract Negotiation.

What will I learn in this Contract Negotiation Training?

You will learn essential negotiation strategies, contract drafting techniques, risk management, and how to achieve favourable outcomes in various negotiation scenarios.

Who should attend these Contract Negotiation Training Courses?

Professionals involved in contracts, procurement, legal advisory, and sales, as well as anyone looking to enhance their negotiation skills, should attend these training course

Who should I contact if I am unable to access this Contract Negotiation Training Course?

For access issues, please contact our customer support team or your course administrator for assistance with logging in or other technical difficulties.

Why should I take these Contract Negotiation Courses?

Taking these courses enhances your negotiation skills, improves your ability to secure favourable Contracts, and boosts your career prospects in roles requiring negotiation expertise.

What is the qualification for this Contract Negotiation Training Course?

No specific qualifications are required, but a basic understanding of Contract principles is recommended for better comprehension of the training material.

What to do after these Contract Negotiation Courses?

After completing the courses, consider applying your skills in real-world scenarios, pursuing advanced certifications, or exploring roles that require strong negotiation abilities.

Do you need Contract Management Certification before completing the Contract Negotiation Training Course?

No, you do not need Contract Management Certification before taking this course, but it can be beneficial for a deeper understanding of Contracts.

Is it necessary to have a background in other Contract Management Courses to take Contract Negotiation Training?

No, a background in other Contract Management Courses is not necessary, though it can enhance your understanding and performance during the training.

Do you need Contract Management Certification before completing the Contract Negotiation Training Course?

No, you do not need Contract Management Certification before taking this course, but it can be beneficial for a deeper understanding of Contracts.

What is the cost/training fees for Contract Negotiation Training Course in Chicago?

The training fees for Contract Negotiation Training Coursein Chicago starts from $1295

Which is the best training institute/provider of Contract Negotiation Training Course in Chicago?

The Knowledge Academy is the Leading global training provider for Contract Negotiation Training Course.

What are the best Contract Management Training courses in Chicago?

Please see our Contract Management Training courses available in Chicago

Why choose us

Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water