eTrain Webinar: Effective Vendor Contract Negotiation, Review, & Management

Program Description

Outside vendors are an essential element of credit union operations and their contracts are a regular part of our life. But too often contracts are signed without a full review or understanding of any terms beyond price and delivery date. Unfortunately, what you don’t know can hurt you. Face it, the contract that the vendor provides is basically their "wish list" of terms and conditions.

Worse yet, it was drafted by THEIR attorney with the sole purpose of locking you into their deal. This session is designed to educate you on the basics of effective contract negotiation, review and management. Better yet, David Reed is a former Vice President and General Counsel of a Credit Union and has the inside scoop on maximizing vendor relationships and contract management systems.

This session will cover:

  • The essential elements of vendor due diligence
  • Conducting a credit union vendor inventory and analysis
  • Basic contract drafting tips – From term of contract to confidentiality to level of service
  • What should be negotiated and how
  • Maximizing the return on outsourced relationships
  • Managing compliance risks – Fair Lending to Credit Reports
  • Leveraging regulatory guidance

Who should attend?

This program is important for all credit union professionals who negotiate contracts with outside vendors.

About the presenter:

Attorney, author, consultant and nationally recognized speaker, David Reed is a partner in the law firm of Reed and Jolly, PLLC and founder of CU Doctor, a full-service credit union consulting practice. Through Reed and Jolly, David provides guidance to credit unions concerning a variety of matters including the establishment and revision of credit union policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance.

Don't miss a minute of the exciting eTrain webinar series! For more information about upcoming programs, please email your questions to eTrain@ccul.org or call 800.472.1702 and select option 2.

June 13, 2018    11:00 am - 12:30 pm MT
Your Office or Home
FREE for Power Learner Passport
$195 for League Member Non-PLP
$390 for Non-League Members

register for event

date

Wed, Jun 13, 2018 11:00 AM to 12:30 PM

contact

mp@utahscreditunions.org
(801) 972-3400