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
Screenshots


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