- As per research report of International Association for Contract and Commercial Management there is 9.2% revenue loss every year on account of poor contracts management.
- Generally, most of companies will be having upto 10% as bad debts.
- There is need that the poor contracts management to be shifted to good contracts management.
- Pre-contract reviews! Understand Terms and Conditions Risks! Negotiate for reasonable Terms and Conditions! Breaches by both party and the penalties to be paid by such defaulting Party fairly for the actual loss that other party incurs.
- Detailed micro understanding on the scope of work is very much required at the time of executing the agreement.
- Post Contracts Management required appropriate correspondence to ensure that the default of either party is being established and to obtain reasonable damages only for the actual losses incurred by other party and operate suspension and termination clauses in the reasonable time.
- These correspondence supports for claim submission, dispute invocation and during the litigation stage.
- Justacontract.com is always at your service by providing necessary support in Pre-Contracts Support and Post Contracts Management support.