CIO Wisdom II: More Best Practices

Conclusion

I sincerely hope that you will find the preceding discussion to be a useful reference when you approach your next project. I will leave you with six admonitions that I believe sum up the discussion and detail on the various particular points:

1. Each project or relationship requires individualized consideration, planning, and management.

2. You should employ an interdisciplinary team for contract drafting.

3. Put in the effort on the front end to avoid costly problems on the back end.

4. Being right isn't always enough if you haven't been clear.

5. Address problems sooner rather than later to keep them small.

6. Finally, be prompt and straightforward in your communications with your contractual partner.

If you remember and apply these admonitions in connection ...