Identification of Legal Risks and Contraction Negotiation
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- Date Submitted: 05/17/2010 09:12 PM
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| |Span Systems |
Memo
To: Kevin Grant
From: Deardra Woods
CC: Harold Smith
Date: 3/8/2010
Re: Identification of legal risks and contraction negotiation
In today's litigious business environment, it is imperative that upper management and boards of directors make ethical decisions geared toward mitigating legal risk. People handle contracts everyday whenever there is an exchange of promises. In the business world it has a bit more depth to it than the simple idea of slipping a few coins in a vending machine. Business leaders should have enough understanding of the law to make decisions that are legal or they should hire competent counsel. The opportunity to serve as the project manager over one of our biggest deals has been a privilege. And because of the dedication that has gone into this project, there must be an understanding of how we can prevent the possibility of breeching contracts with Citizen-Schwarz AG or in business opportunities later granted to Span Systems. “The contract details what the parties are required to do for complete performance” (Jennings, 2006).
In the future, if Citizen-Schwarz AG continues to change their original contract requirements there needs to be sign offs from both Span Systems and Citizen-Schwarz AG directors. Prior to Span Systems' director signing off Citizen-Schwarz AG's request, a panel of senior programmers here at Span Systems needs to approve the request, so programming changes can be adequately evaluated. Span System programmers should be assured that timetables and schedules can still be met within the agreed upon contract. If Citizen-Schwarz AG's request requires more time to meet the deliverables of the project then Span Systems and Citizen-Schwarz AG need to exercise the Requirement Change clause within the contract....
Memo
To: Kevin Grant
From: Deardra Woods
CC: Harold Smith
Date: 3/8/2010
Re: Identification of legal risks and contraction negotiation
In today's litigious business environment, it is imperative that upper management and boards of directors make ethical decisions geared toward mitigating legal risk. People handle contracts everyday whenever there is an exchange of promises. In the business world it has a bit more depth to it than the simple idea of slipping a few coins in a vending machine. Business leaders should have enough understanding of the law to make decisions that are legal or they should hire competent counsel. The opportunity to serve as the project manager over one of our biggest deals has been a privilege. And because of the dedication that has gone into this project, there must be an understanding of how we can prevent the possibility of breeching contracts with Citizen-Schwarz AG or in business opportunities later granted to Span Systems. “The contract details what the parties are required to do for complete performance” (Jennings, 2006).
In the future, if Citizen-Schwarz AG continues to change their original contract requirements there needs to be sign offs from both Span Systems and Citizen-Schwarz AG directors. Prior to Span Systems' director signing off Citizen-Schwarz AG's request, a panel of senior programmers here at Span Systems needs to approve the request, so programming changes can be adequately evaluated. Span System programmers should be assured that timetables and schedules can still be met within the agreed upon contract. If Citizen-Schwarz AG's request requires more time to meet the deliverables of the project then Span Systems and Citizen-Schwarz AG need to exercise the Requirement Change clause within the contract....