In this unit, we draw on examples on project negotiation and contracting from "real-life" business situations and provide practical information on what to do and what not to do. Student would be exposed to the complexity involved in negotiation and contracting from initiation to formalization of final form of contract which is agreed upon and executed by all parties. Students will be taught how to understand each party's interests and then working towards reaching a common goal. In particular, dealing with complex characters including situations will be covered. We will provide a basic understanding of commercial contracts and all their ramifications every step of the way. This unit also explains the basics of commercial contract law, highlights how to spot potential issues before they become a problem and then how to work with a lawyer more effectively if things go wrong which is intended for corporate managers rather than lawyers. This unit further contains coverage on forming contracts, restitution, contract interpretation, modification and dispute resolution. We also discuss remedies, performance, and third-party beneficiaries.
Lectures, Laboratories, Tutorials
Through semester assessment (50%) and Final Exam (50%)
PMGT2821 OR [ENGG2850 AND (ENGG2852 OR PMGT2854)]Prohibitions
CIVL3813 or CIVL4813