About our Online Course on Contract Lifecycle Management (CLM)
Contract Lifecycle Management (CLM) is a fast-growing area within the legal practice that can be a great starting point for a corporate career.
Needless to say, the process of contract management is more complex than simply drawing up an agreement and getting the same executed by the contracting parties.
Contract Management entails many pre-execution as well as post-execution steps, including:
- checking if the contract was structured following the standard form of contract and other company policies,
- reviewing third-party contract templates,
- managing databases,
- ensuring timely renewal or termination,
- compliance, and other things
Becoming an expert in this field can significantly decrease the amount of time and resources that you require to manage all contracts, whether it is a small, medium or large-sized organisation.
This course has been specifically designed to teach you everything about Contract Life Cycle Management.
Through this course, you will be able to learn each step of Contract Life Cycle Management with the help of customised recorded lectures, extensive reading modules, and the MCQ test developed by the expert!
About Lawctopus Law School (LLS)
Lawctopus Law School has taught a wide range of practical skills to over 14000+ law students, young lawyers, professionals, academicians, and business people in the last 18 months.
Over 1000 students have rated our courses and the average rating is 92.6/100 call our online courses a ‘warm’ learning experience!
At LLS, our courses are developed by subject matter experts (practitioners and academicians) and these courses are a mix of rigorously researched reading modules, recorded lectures by industry experts, weekly live sessions by experts, assignments (with personalized feedback), special, add-on career webinars, and the now famous ‘warmth and care’ of LLS.
Click here to register for the Contract Lifecycle Management (CLM) Course
Structure of this Course on Contract Lifecycle Management (CLM)
Module 1: Introduction to Contract Lifecycle Management and Pre-execution procedures
- What are contracts and smart contracts?
- What is Contract Management?
- Contract Management System and its importance
- Key administrative wings of Contract Management
- Contract Vetting / Red-lining (Practical Video)
Module 2: Steps involved in Contract Management and Contract Management Tools (Practical video for each step)
- Contract Drafting
- Contract Vetting
- Contract Abstraction
- Contract Summarisation
- Auditing and Reporting
Module 3: Skills required to be an efficient Contract Management Professional
- Who is a Contract Management Professional?
- Role of a Contract Management Professional
- Skills required to be an efficient Contract Management Professional
- Career opportunities in Contract Management
Module 4: Contract Management Tools
Assignment: An MCQ quiz that will test you on all 4 modules of Contract Lifecycle Management.
Certification: You’ll be given an e-certificate based on the MCQ test.
How will this course help you?
- Contract Management can be a lucrative career option for you.
- You can be an asset to many law firms and companies
- You can provide contract management services as a freelancer and earn good money!
- With an expertise in contract management skills, you can become a legal educator as well.
Who can enrol for this course?
- Law students
- Legal professionals
- CAs/CS professionals interested to explore CLM
- Business professionals
- Law graduates wanting to enter the LPO industry
- Academicians wanting to upgrade their practical knowledge
Faculty
Mr. Paruchuri Baswanth Mohan is a legal practitioner with an extensive experience of more than 11 years in the Contract Management services.
He has worked with various LPOs, IT companies and law firms like QuisLex Legal Services Pvt Ltd, Unimarks Legal Solutions, Corp Comm Legal, etc. and has assisted many firms and companies in Contract Drafting, Contract Abstraction and Contract Summarization.
Mr. Paruchuri has assisted in writing a book on contract drafting (“A Practical Guide to Contract Drafting”) and has drafted various sample contract templates in the book.
Ms. Ankita Aich is a legal practitioner with extensive experience working in the field of contract drafting and contract management.
She has worked extensively in this field at Thomson Reuters and is keenly interested in intellectual property rights and competition law.
She graduated from the ILS Law College, Pune in 2012 and completed her Masters in IPR Laws from National Law University, Jodhpur, in 2016
Prior to pursuing her Masters, Ankita worked in the private sector as an in-house corporate counsel at Times Music (TOI Group) Mumbai, where she dealt with media and artist contracts.
Click here to register for the Contract Lifecycle Management (CLM) Course.
Course Fee
Rs. 2,700/-
Duration and Mode of Learning
- Completely self-paced and online
- Recorded video lectures
- Text-based modules and reading resources
- Online-based forum for doubts
- 1 compulsory assignment: MCQ Test of 20 questions
Free Access to ManuContract
Students of this course will get free access to ManuContract for the duration of the course, i.e for 2 months. ManuContract is one of India’s most popular and trustworthy tools for contract lifecycle management (CLM) and we believe having access to the platform for 2 months will help students gain familiarity and develop competence in using this excellent resource.
Below is a description of ManuContract taken from their website (and the context behind the same).
Contracts are the cornerstone of any transaction between entities, and are the driving force behind all types of transactions across businesses. The relevance of knowing how to work with contracts is such that it is an independent work profile on its own with specialist professionals in the field. Paying attention to the minutest aspects of a contract is thus vital to ensure a streamlined contract lifecycle.
ManuContract offers an intelligent solution for CLM requirements covering:
- Contract Creation & Negotiation
- Contract Execution & Approval
- Contract Renewals, Adjustments, Extensions and Terminations
- Contract Intelligence (AI-based contract analysis & more)
Lawctopus and ManuContract also conduct joint webinars every 2-3 months. The webinars are around the topics of contract lifecycle management, using ManuContract for the same, etc. and students of this course will have the opportunity to attend those webinars on priority.
Assignment and Certification
- To receive the certificate, you need to take an MCQ test
- If you score above 50% in the MCQ test, you will be eligible to download a Completion Certificate
Course Duration and Access
You’ll have access to this course for 12 months from the date of registration. And while you can complete this course at your own pace, we recommend that you completed this course within 4 weeks.
Tip: Giving ourselves a fixed timeframe to complete things increases the chances of getting things done.
If you have any questions, please leave a comment on this post or email at courses@lawctopus.com
FAQs:
1. Do we have any live class?
No. This is a self-paced course. You can watch the recorded lectures and the reading resources at your own pace and convenience.
2. For how long can I access this course?
1 year.
3. Can we download the material?
Allowing for downloading of material puts our work at risk of copyright violation and related misuse. Learners can easily access the material (reading modules, recorded lectures, assignmens, etc.) from the Learning Management System (LMS).
Downloading of material is not allowed. Access to the material via the LMS is easy and the students are free to take notes via online/offline mediums.
Click here to register for the Contract Life Cycle Management Course
Need help to decide? Feel free to reach out to us on these channels.
Phone calls/WhatsApp Number: 935 968 4056 (Ishani Patankar, Counsellor, Lawctopus Law School)
Email: courses@lawctopus.com
