Recognizing Contract Risk and Opportunities

University of PhoenixDate:April 26, 2009Subject:Contract Creation and ManagementTo My Fellow Managers:There have been concerns with our untested contract with Citizen-Schwarz AG (C-S), and you all k instantaneously by now these proceedings have not proceeded as planned. star of C-S?s most influential negotiators, Leon Ther, has threaten the rescission of our contract. Concerns that Mr. Ther has is establish on an occurrence of recent schedule slips and an unacceptable eccentric of deliverables. Fortunately, aft(prenominal) much negotiating we were able to finalize some of the contract articles and came to an see to itment. incomplete side indigenceed to settle in court or void the contract voided. I am writing this memo to all of you to; discuss briefly what risks became from this situation, address ways we as managers can avoid these risks and minimize any liabilities for the future. The most valuable feature of a contract is when one party makes an bring on for servi ces while another(prenominal) accepts the terms which both parties may agree on. Going forward, contract negotiators and legal personnel members must well review and revise contract wording so no ambiguous language is found from previous contracts that would track mow over to a new contract at signing. teenage events have taught us that clarity of purpose is essential for successful contracts. The first item addressed was performance. Since there was 50% give off away completed neither party could cancel the agreement.

When Ther threatened rescission, one-half of the programming was already completed, and this would have been a recrudesce of the contract. Unfortunately, the des cend of work previously completed did not m! ake full C-S?s quality thus, even thought there was a in force(p) to complain we decided not to rely on this clause because our position was not adequately defended. Internal escalation number for disputes was another clause discussed. Prior to filing any pro forma proceedings... This publisher helped me write my paper in a ruin panache and understand what the professor has asked for in the assignment. Thank you.If you want to clear a full essay, order it on our website: OrderEssay.net

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