How Contracts Promoted Civilization and May Save Or Sink Your Career

March 20, 2019
6:00 PM to 9:00 PM
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Princeton Marriott at Forrestal
100 College Rd East
Princeton, NJ 08540
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You couldn’t really have “civilization” as we know it without contracts. Yet, contracts undoubtedly predated civilization. My hypothesis is that the first contract took place when consciousness first manifested itself in the human species. As such, it predated civilization, writing and may well even have predated speech. 

The whole purpose of a contract is to create certainty and predictability by clearly articulating the parties’ respective rights, roles, and responsibilities. Each party assumes certain risks and liabilities according to its ability to bear these risks and its tolerance for those risks. So what makes one contract good and one disastrous.   “The most serious mistakes are not being made as a result of wrong answers. The true dangerous thing is asking the wrong question.”

In this session, our speaker will share some actual cases of contracts and discuss what went right and what went wrong and how things could have been improved. By attending this session you will get a background in the practical considerations for contracts, what to include and what to avoid, and how to put a better agreement together to benefit your company, your contractee, and your career. 

Our speaker, X. Paul Humbert, Esq, is an expert in contract law and practical commercial contracts.  Mr. Humbert is President of The Humbert Group, LLC, and provides consulting services regarding process improvement and transactional matters. He is a lecturer at Rutgers Graduate School of Business, where he teaches contract management to supply chain MBA candidates. Paul is a frequent public speaker and has authored several books for use in contract development and implementation, project management and process improvement endeavors. Among them are: 

Playbook for Managing Supply Chain Transactions with Desktop Tools, References and Sample Forms

Contract and Risk Management for Supply Chain Management Professionals

Model Contract Terms and Conditions with Annotations and Case Summaries

What CFOs (And Future CFOs) Need to Know About Supply Chain Transactions and How Their Risks Should be Managed:

How to Analyze and Negotiate Warranties for Goods and Services: A Primer For Lawyers And Non-Lawyers Alike


$35.00 Member Registration

$35.00 Neighboring APICS Chapter Member

$45.00 Non-Member Registration

$17.00 Student Members Free first PDM Half the member price thereafter