IBM Emptoris Contract Management Modifying the Contract Language (V10.0.1)

Overview

f you are enrolling in a Self Paced Virtual Classroom or Web Based Training course, before you enroll, please review the Self-Paced Virtual Classes and Web-Based Training Classes on our Terms and Conditions page, as well as the system requirements, to ensure that your system meets the minimum requirements for this course. http://www.ibm.com/training/terms

This course is intended for collaborators who work with Contract Creators to assure that the language that will be conveyed to a potential new partner is accurate and in line with corporate guidelines.  The Contract Creators are going to change approved language in the course of writing up a new contract. Reviewers will provide informal, optionally implemented feedback on those changes.  Approvers will provide formal, mandatorily implemented feedback on those changes. 

Reviewers need not bother with the lesson on Approving.  Approvers need not bother with the lesson on Reviewing. 

Both Reviewers and Approvers should learn the content provided in the lessons on Modifying the Contract Language.

If the Learning Objectives included in this course description imply the presence of teaching content that interests you, open the course and use the Table of Contents to go directly to the content you require.

Learning Objectives for Each Lesson:    

 The Review Process (10 min.)

After completing this lesson, you should be able to:

• Describe the Review Process.

Review a Contract (30 min.)

After completing this lesson, you should be able to:

• Review the Task request.
• Reassign the Task to another User.
• Decline the review Task.
• Review and edit the Contract Language via the Word Editor as needed.
• Indicate that you are finished reviewing the document.
• Include comments back to the Author and to other reviewers.

The Approval Process (30 min.)

After completing this lesson, you should be able to:

• Describe in detail the Contract Management Approval Process.
• Demonstrate an understanding of the Tiered Approval system.

Approve a Contract (30 min.)

After completing this lesson, you should be able to:

• Read a Comment that is associated with the Approve Contract Task by the Author.
• Assess the Task request.
• Reassign the Task to another User.
• Decline the Task.
• Assess (and edit if permitted) the Contract Language via the Language Tab or the Word Editor as needed.
• Include comments back to the Author and to other Approvers.
• Approve a Contract.
• Reject a Contract.

Editing Via the Language Tab (25 min.)

After completing this lesson, you should be able to:

• Open the Language Tab.
• Describe the layout of the Language Tab.
• Edit Clauses and Terms on the Language Tab.

The Word Editor (40 min.)

After completing this lesson, you should be able to:

• Access the Word Editor.
• Edit Term values.
• Use the Word Editor to edit the Contract Language in place.
• Use the Clause Panel to navigate through the contract.
• Use the Mark Clauses menu to identify various types of clauses.
• Use the Emptoris Ribbon in various ways to edit the Contract Language.

Comparing Contract Revisions (40 min.)

After completing this lesson, you should be able to:

• Elect to compare contract revisions in the Word Editor.
• Stipulate which revisions you wish to compare.
• Review and interpret both redlined and side-by-side comparisons of contract revisions.

 Training videos are a basic component of this course; videos are included as needed to demonstrate complex procedures.  The videos reinforce the concepts and procedures taught in each lesson.