- Contract reviews are tedious, and reviewers may lack the skills and experience to effectively complete the process.
- Vendors have a repository of contract terms and conditions that are road-tested and often biased in their favor.
- Vendors change their contracts frequently through hyperlinked documents without notifying customers, and the onus is on you to stay compliant.
- Focus on the terms and conditions, not just the price. Too often, organizations focus on the price contained within their contracts, neglecting to address core terms and conditions that can end up costing multiples of the initial price.
- Lawyers can’t ensure you get the best business deal. Lawyers tend to look at general terms and conditions for legal risk and may not understand IT-specific components and business needs.
Impact and Result
- Align contract language to meet IT and business needs.
- Communicate more effectively with Legal and the vendors.
- Identify and reduce contractual and performance risk.
- Understand the relationship between contract provisions.
- Negotiate more effectively.
This guided implementation is a two call advisory process.
Call #1 - Review a contract for common pitfalls and gotchas and maximize protections for your organization.
Call #2 - Discuss next steps for the contract and any applicable negotiation required with vendor.
Book Your Workshop
Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.
Module 1: Assess Contract Terms and Conditions
- Understand IT contract clauses, improve risk identification, and be more effective at negotiating contract terms.
Key Benefits Achieved
- Increased awareness of how contract provisions relate to each other.
- Demystification of legalese and legal concepts.
- Increased ability to seek assistance from internal parties (e.g. Legal, Risk, and Procurement).
Review the Contract Review Tool.
Review the Contract Playbook template.
- Partial completion of the template
Review 35 contract provisions and reinforce key learnings with exercises (spread across three days)
- Exercise results and debrief