Course Description
Supply chain agreements are uniquely tailored to address supply chains, whether the transfer of goods or services associated with those goods. They are highly nuanced because supply chains from production to delivery are fundamental to the functioning of everyday movements of goods and services from one place to another. Breaks in those chains can have far reaching implications. Considering current events and present day, think about the dangers associated with transporting goods through the Straits of Tammuz. Yet the transport of oil through those straits doesn’t only touch upon the prices of gasoline and heating oil but also products and byproducts of that oil and at a very granular level, there are contracts up and down the chain. The ships transporting that oil are governed by one form or another of supply chain agreements, as well as all of the products and services along the way; and contemplating the possible breaks in that chain requires shifting the usual focus. it is, however, of present day relevance and even those not involved in drafting supply chain agreements can find something useful in this presentation. This course is intended to provide drafting techniques, different considerations, how to protect oneself, whether supplier or recipient and how to contemplate foreseeable risks and even those that cannot be foreseen.
Syllabus
- Structure and Purpose of Supply Chain Agreements
- How contracts are tailored to govern the movement of goods and related services across the supply chain
- Complexity and Interdependence in Supply Chains
- The nuanced, interconnected nature of production, transportation, and delivery systems
- Risk and Disruption in Global Supply Chains
- How geopolitical or logistical issues (e.g., chokepoints like the Straits of Hormuz) can impact entire supply networks
- Contract Drafting and Protective Strategies
- Techniques for drafting agreements that protect both suppliers and recipients
- Managing Foreseeable and Unforeseeable Risks
- Approaches to identifying, allocating, and mitigating both predictable and unexpected disruptions