The 20th century witnessed a revolution in contract law, marked by a shift in focus from absolute freedom of contract to a more balanced approach. This era saw the rise of consumer protection and the need to…
Good faith, or “bona fides” in Latin, isn’t just a legal term – it’s the foundation of fair dealing in contracts, negotiations, and legal interactions. It signifies acting with honesty, fairness, and without hidden agendas. This principle ensures parties approach legal matters…
The 19th century witnessed a revolution – not just in technology and industry, but also in the legal landscape governing agreements. As the Industrial Revolution spurred economic growth and complex commercial transactions, contract law had to evolve to…
Introduction: Contracts are often seen as the beginning of a business relationship, outlining rights and obligations for all parties involved. However, the end of a contract is just as important as its beginning. Contract close-out…
Introduction: Disputes and claims are a natural part of any business or contractual relationship. What sets successful organisations apart is their ability to manage and resolve these issues effectively. In this blog, we will explore…
Introduction: Change is inevitable in the world of business, and it often extends to the contracts that govern our professional relationships. Change management, or variations management in contract terms, is a vital process that allows…
Introduction: Contracts are at the core of every business relationship, and their proper execution is essential for achieving mutually beneficial outcomes. Contract performance management is the process of ensuring that all parties involved meet their…
While critical for success, contract and supplier management face hurdles that require strategic solutions. Let’s explore these challenges and how to overcome them. Challenges: Best Practices: Additional Best Practices: Conclusion: Effective contract and supplier management…
Effective contract and supplier management is the backbone of smooth sailing supplier relationships. Here are the key activities that form this framework: By mastering these activities, contract and supplier management becomes a strategic driver of…
