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Correct contract negotiation and preparation is key to the success of all ICT projects. Quite often, organisations rely on lawyers to negotiate contracts. This usually results in agreements overloaded with penalty clauses and reasons why the project will fail. Well prepared contracts start with analysis of business requirements. Understanding the client's key business drivers allow the negotiators to create an agreement with the suppliers that works for both parties. Telemetrics has skilled contracts staff that minimise the requirements for expensive lawyers. Initial contract drafts are prepared that capture all the key commercial terms and conditions. In most instances other facets are also covered including intellectual property issues, copyright, consequential loss and damages. Contract drafts are then passed to lawyers for preparation of executable drafts.
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