July 2017
Intermediate to advanced
280 pages
6h 2m
English
Content preview from Contract Management
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02
What is the task?
What do we (universally) want from our contracts?
We have already seen the areas prone to go wrong in any contract relationship – areas that need to be managed by contracting counterparties (Figure 1.3). At one level, we can say simply, if we have these areas sewn up, then hopefully we will avoid the ‘routine’ problems that sap management time, attack business reputation and undermine value.
A contract is a set of promises – we sometimes forget this. A contract, strictly speaking and measured from an English Law viewpoint, is a legally enforceable agreement by which one party agrees to do something (usually supply a good or service) in exchange for the other party doing something (normally paying a price of money, or of ...
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