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: depict Manager Re: Contract Risks and Opportunities antecedency:Urgent and mystical Introduction Gentleman, the main rationale for this memo is to provide twain(prenominal) commission during the c only for negotiations with baffle Systems and Citizen-Schwarz AG. I believe as motorbus 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 register, I pass on pardon the legal risks and opportunities both(prenominal) companies face regarding the contract made. Afterward, I go out identify what our organizations can do to avoid those risks, play consume the liabilities, and benef it from the opportunities. Finally, I allow evaluate the alternatives presented to resolve the issues position 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, in that location 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 duad Systems ad Citizen-Schwarz. The following contract claus es are identified as breaches of the contrac! t: Substantial Performance of Contract, Internal Escalation Procedure for Disputes, Requirements Change, and conference and Reporting. As with all contract clauses, each representing party will have pros and cons. Substantial Performance has been identified because Span Systems is low-down schedule of deliverables and its quality is substandard....If you want to get a unspoilt essay, order it on our website: OrderEssay.net

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