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Most nonprofit programs and activities are codified in written agreements, which can create a wide array of tax, antitrust, regulatory, and other legal and financial risks. Meeting contracts, independent contractor and consulting agreements, and vendor contracts, among others, can sometimes take on great legal, financial, and program-related significance.
With this in mind, how do you answer the following questions: Does your nonprofit have a strategy for identifying and managing its greatest potential contractual liabilities? Do you have a reliable and comprehensive system in place for negotiating, forming, and approving contracts? Do you have a trusted source of counsel on their legal implications?
Based on Venable's extensive experience in this area, this session will explore strategies for managing the areas of greatest contract risk, discuss proven negotiation tactics, describe how to maximize legal advantage during the request for proposal (RFP) submission and response process, and provide practical tips for overcoming common pitfalls in the contracting process.