A Project Management Institute, Inc. (PMI)®Registered Training Course
Artificial Intelligence (AI) in Contract Management
Course Overview
Contracts are the backbone of all commercial relationships, but it is one that few organizations do efficiently or effectively. In fact, it has been estimated that inefficient contracting leads to losses in business overall income. However, recent technological developments like Artificial Intelligence (AI) are now helping organizations overcome many of the challenges to contracting. For example, AI can automate the entire contract review process to achieve pitch-perfect optimisation and remove the tedious and repetitive work that used to consume time of too many staff members.
The 21st century world is a world of data. To process all of it, the world is more reliant on AI than ever. A strong understanding of the technologies behind AI is an essential requirement for professionals involved in contract management and negotiations to stay up to date with the latest trends relevant to this area and to reap the full benefits of AI by providing the necessary supervision for implementing AI in their respective domain of work.
In this highly interactive course, the implementation of AI in contract drafting, negotiation, and management will be examined from various view points to ensure building a comprehensive understating of AI application in contracts relevant to your organization. We will consider contract creation and reviewing drafting where AI is used to create customised contracts to meet the parties’ specific needs by analysing data from past contracts and identifying relevant terms and conditions etc. The training course will examine how AI analyses contracts to identify errors of significant terms and conditions, such as payment terms, liabilities, indemnities, warranties, termination clauses etc.
This GLOMACS Artificial Intelligence (AI) in Contract Management training course will highlight:
- Comprehensive understanding of what AI technology is in the context of contract management- what it can and what it cannot do
- AI application for some key contractual arrangements
- Contractual Risk Management Issues and AI
- The role of AI in contractual Insurance, Indemnities, Liabilities, Force Majeure
- AI and Negotiation tools and tactics
- The role of AI in dispute resolution in cross border and international contracts
Training Outline
DAY 1: Introduction to Artificial Intelligence (AI) in Commercial Contracts
- Overview of Business Structures and Contracting
- Emergence of AI and its application in society and business
- What can AI do and what it can’s do?
- The benefits and risks of using AI tools for contract negotiation
- Contract Formation: terms and conditions
DAY 2: AI in Commercial Contracts Drafting: Enhancing Speed and Compliance
- Can AI draft a commercial contract?
- Remedies of Breach of Contracts
- Damages: Compensatory, Consequential and Incidental
- Damages, Liquidated Damages
- Termination of Contracts: AI role?
- The traditional commercial contract drafting process
- Limitations and challenges faced in traditional drafting methods
- Benefits of AI in the contract drafting process
- Best practices for implementing AI for contract drafting
DAY 3: AI in Commercial Contract Negotiations: How to do so profitably?
- Negotiating Commercial Contracts
- Joint Venture (JV)
- Example- Production Sharing Contracts (PSC)
- Fundamental Legal Principles
- Commercial Realities
- Cultural and Language Issues
- The application of AI in negotiating commercial contracts
- Liability clauses
- Contractual indemnity
- Insurance provisions
DAY 4: AI and Contract Management
- Risk Management and AI
- The role of AI in contract management
- Sending payment reminders, contract renewals reminders
- Tracking contracts performance
- Identifying any potential breaches of contract
- Managing end-to-end contracting workflow
- How data collection becomes another metric to be analysed and used in optimising contract negotiations
- Indemnity and Exclusion Clauses: Why the need and the role of AI?
- Performance & Penalties
- Force Majuere, Change in Law and other Disputes
DAY 5: AI role in Dispute Resolution under Cross Border / International Agreements
- The emergence of AI and its application in dispute avoidance
- AI and developing negotiation strategies in dispute avoidance under commercial contracts
- Arbitration & Mediation – Important Differences
- Mediation and Conciliation, Adjudication, Dispute Boards - save time and costs
- Enforcement of International Arbitration Awards under the New York Convention
- Contemporary Developments in Case Law and Legislation
Certificates
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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