Agile business requires agile contract management. And agile contract management requires agile types of contracts. But why would you want to “go agile”. The agile methodology seems really the domain of IT and software development but how does that work …
From a commercial and contractual perspective, there is a big difference between agreements for the sale of goods and supply of services. Contracts for the sale of goods and services agreements are similar in that they both place legal obligations …
Read MoreThe Contract and the Sale of Goods and Supply of Services
Jurisdictions around the world approach liquidated damages and penalties differently. And if you are working in a high-tech company the chance is big that you will be selling to customers outside the country. And now always will they accept your …
Why is it important to distinguish between contract deliverables and project deliverables? Not clearly distinguishing between contract and project deliverables in your statement of work may lead to higher costs, liabilities and risks. My experience is this can gave major …
Boilerplate terms, also known as ‘standard’ or ‘miscellaneous’ terms or ‘general’ terms (and conditions, are clauses that you can find at the end of contracts. The terms set forth common legal provisions you normally can (or should) copy and paste …
The statement of work is the most important part of your contract. Over the last 30 years, I have seen thousands of scopes, statements of work, service descriptions, and technical specifications in proposals and contracts further detailing the ‘subject matter …
Read MoreA Well-Defined Statement of Work Leads to Higher Contract Values
Contract drafting for highly complex, high-value, high-tech, and high-risk industries is one of the most challenging activities in business. Especially in aerospace, aviation defense, and other high-tech industries. In this post, I will provide you with a high-level guide to …