Understand Common IT Contract Provisions to Negotiate More Effectively
Avoid the pitfalls and gotchas lurking in the shadows!
RETIRED CONTENT
Please note that the content on this page is retired. This content is not maintained and may contain information or links that are out of date.Failure to understand common IT contract provisions subjects a reviewer to:
- Unnecessary or surprise payment obligations
- An inability to terminate the contract when appropriate
- Vague obligations and responsibilities for the customer
- Focusing on the wrong issues when negotiating
Understanding contract language allows for:
- Improved communication with Legal and the vendor
- Increased awareness of potential risks
- Avoidance of potentially ambiguous commitments by the vendor
- Increased accountability from the vendor
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Module 1: Assess Contract Terms and Conditions
The Purpose
- 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).
| Activities: | Outputs: | |
|---|---|---|
| 1.1 | Review the Contract Review Tool. |
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| 1.2 | Review the Contract Playbook template. |
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| 1.3 | Review 35 contract provisions and reinforce key learnings with exercises (spread across three days) |
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