Contract Risk And Opportunities

Assignment 3: Contract Risk and Opportunities University of Phoenix fair play 531 David I. Hammond, J.D. February 17, 2009 MEMORANDUM bodyguard: February 15, 2009 To:Kevin Grant and Harold Smith Cc:Leon Ther From: give Manager Re: Contract Risks and Opportunities antecedency:Urgent and clandestine Introduction Gentleman, the main rationale for this memo is to provide twain(prenominal) focusing during the compress negotiations with baffle Systems and Citizen-Schwarz AG. I believe as theater director of this banking software project, part of my responsibility is to advise some(prenominal) companies regarding my assessment of the contract at hand. In this memo, I pass on explain the legal risks and opportunities some(prenominal) companies face regarding the contract made. Afterward, I depart identify what our organizations can do to avoid those risks, play raze the liabilities, and benefi t from the opportunities. Fin anyy, I exit evaluate the alternatives presented to resolve the issues passel in order to smooth relations between both corporations; but more important to save the contract by making the necessary amendments to satisfy both of our organizations.

Legal Risks and Opportunities all time when two companies enter into a bilateral contract, on that point are always legal risks involved from both ends. In this particular case, the main dispute between our companies is regarding quality and the memorandum of deliverables. Evidently, legal risks arise from the original contract between broom Systems ad Citizen-Schwarz. The following contract clauses ar e identified as breaches of the contract: ! Substantial Performance of Contract, Internal Escalation Procedure for Disputes, Requirements Change, and conversation and Reporting. As with all contract clauses, each representing party will have pros and cons. Substantial Performance has been identified because Span Systems is traverse schedule of deliverables and its quality is substandard....If you want to get a respectable essay, order it on our website: OrderEssay.net

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