Contract Creation and Management

Contracts, no matter how large or complex, are promises negotiated in the midst of parties and should be written to ensure business agreements are fulfill by both parties. Clarity of purpose is the hallmark of thriving flummoxs because contracts are never free of interpretation (University of Phoenix, 2009) and poorly written contracts can ultimately result in breached contracts. In immediately?s markets, businesses need ways to ensure that contract peril and liabilities are minimized and remedies to these risks are maximized. This paper will apologise the level-headed risks and opportunities both companies face regarding the contract made. Afterward, this will let out what both organizations can do to avoid those risks, minimize the liabilities, and attain from the opportunities. Finally, this essay will evaluate the alternatives presented to resolve the issues identified in order to smooth relations between both corporations precisely more important to save the contract by devising the necessary amendments to satisfy both organizations.

Legal Risks and OpportunitiesAny time when two companies enter into a bilateral contract, there are endlessly legal risks involved from both ends. In this particular case, the important dispute between both companies is regarding quality and the document of deliverables. Evidently, legal risks arise from the original contract between Span Systems ad Citizen-Schwarz.



The following contract clauses are identified as breaches of the contract: Substantial Performance of Contract, Internal Escalation number for Disputes, Requirements Change, and Communication and Reporting. As with all contract clauses, each representing party will energize pros and cons. Substantial Performance has been identified because Span Systems is behind schedule of deliverables and its quality is substandard.

Under the contract clause for Internal Escalation Procedure for Disputes, Citizen Schwarz did not follow the protocol. The clause stipulates, ?prior to the filing of whatever formal proceedings with respect to a dispute, the party accept itself to be...

If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper