How a business owner would choose between financial lease vs operating lease? And why he will choose one over another? In this interactive training course, we will find out how and why of a financial lease and operating lease, emphasizing the differences between them.
This course will provide participants with a larger and in-depth knowledge of the details of leasing and operating contracts the impact on costs, tenant satisfaction, and the success of an acquisition management program. Participants will explore contract management issues, and learn the steps of termination processes through case studies and exercises and will focus on the financial consequences of specific contractual clauses.
What Is The Training Course Methodology?
This training course methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as theoretical lectures and/or open discussion to exchange opinions and experiences, scenarios, innovative thinking brainstorming. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets.
Who Should Attend This Training Course?
This training course is designed for Legal advisors and legal department staff in public or private sector or lawyers, engineers, accountants and contract workers.
What Is The Training Course Objectives?
Overview about the legal concept of the financing lease contracts
Understand its implications and obligations of the different parties
Identify the management disputes arising from the financial leasing contract
Learn the commercial arbitration procedures
What Is The Training Course Curriculum?
Financial Leasing Contract
What distinguishes the leasing contract from other contracts?
When is the contract considered a financing lease?
Distinguishing the financing lease from other contracts
Negotiation for contracting
Effects of the financial leasing contract
Waiver of the Contract to a Third Party
Waiver of the contract by the lessor
Waiver of the contract by the tenant
Termination of the financial leasing contract
Claims arising from the implementation of the financial leasing contract
Claims brought by the parties against each other
Claims brought by two parties against the contractor, supplier and third parties
Accounting treatment, tax treatment and exemptions
Crimes arising from the implementation of the financial leasing contract
Operating Contract: Basic Elements of the Operating Contract
Parties of the operating contract
The basic elements of the operating contract
Negotiation to conclude the operating contract
Concluding the operating contract
Proof of the operating contract
Rules of interpretation of the operating contract
Effects of Operating Contract
Obligations of the employer
Role of the consultant Engineer in the operating contract
Guarantees of the Operating Contract
Types of guarantees
Letter of Guarantee
Reasons for termination of operating contract
Reasons related to general rules
Other reasons related to the operating contract
Management of Disputes Arising from the Execution of the Operating Contract
Rules governing the drafting of operating contracts
How to avoid risks and reduce claims in maintenance contracts
Demonstration of managing disputes arising from the implementation of maintenance contracts