Showing 385–396 of 498 resultsSorted by price: high to low
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Skill Bit
€ 25.00
This Skill Bit shows that successful contract management relies on strong supplier relationships (SRM) and applying process improvement principles from supply chain management for efficiency and smooth contract execution. Supplier Relationship Management (SRM) builds trust, fosters clear communication, and promotes collaboration with suppliers. It ensures alignment with strategy, utilizes feedback, and recognizes achievements for successful…
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Skill Bit
€ 25.00
This Skill Bit talks about regular contract health checks and SWOT analyses, which assess performance, identify internal strengths/weaknesses and external opportunities/threats. This ensures contracts remain aligned with goals and contribute to organizational success. Contract performance management is a continuous process. Regular reviews, open communication channels, adaptability, and learning from experience are key for contract managers…
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Skill Bit
€ 25.00
This Skill Bit shows that contract performance management involves using KPIs, balanced scorecards, dashboards, performance audits, quality control, and benchmarking to measure success, identify improvement areas, and ensure contracts deliver value. Monitoring contract performance involves customer surveys, regular reviews of KPIs and SLAs, feedback mechanisms, and benchmarking against industry standards. This ensures contracts meet expectations…
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Skill Bit
€ 25.00
This Skill Bit shows that contract managers play a key role in risk management for supplier contracts. This involves identifying and mitigating risks, planning for business continuity, fostering communication, monitoring performance, and using contractual protections and scenario planning. Duration approx. 3 Min. Tier: advanced
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Skill Bit
€ 25.00
This Skill Bit talks about legal contracts, which have key elements like offer & acceptance, consideration, and legal capacity. Key provisions include scope of work, payment terms, and dispute resolution. Contract managers ensure clarity, enforceability, and alignment with organizational goals. Duration approx. 6 Min. Tier: advanced
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Skill Bit
€ 25.00
This Skill Bit shows that optimizing contract performance requires a structured process. Key elements include SOPs for clear workflows, using technology for efficiency, training the team, and fostering collaboration across departments. The contract lifecycle consists of 7 stages: initiation, planning, development, execution, monitoring, renewal/termination, and closeout. Each stage is crucial for smooth contract execution and…
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Skill Bit
€ 25.00
This Skill Bit shows that letters of comfort provide reassurance in business but usually don’t create binding obligations. Their legal effect depends on wording and intent, and some may unintentionally become enforceable. Legal advice is recommended to assess their enforceability. Contracts to enter into a contract or agreements to agree are not enforceable as they…
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Skill Bit
€ 25.00
This Skill Bit talks about an agreement in principle, which outlines general terms for potential contract formation but does not create legal obligations until a formal contract is finalized. A declaration of intention signals a party’s plan to enter a contract later, lacking key elements like offer and acceptance, and thus no legal obligations arise…
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Skill Bit
€ 25.00
This Skill Bit shows that an invitation to treat is a preliminary communication inviting offers but not capable of acceptance. It sets the stage for potential contract formation, differentiating from offers. Distinguishing between invitations and offers is vital for clarity in contract law before a binding agreement is made. In legal contexts: Price quotes indicate…
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Skill Bit
€ 25.00
This Skill Bit shows that agreements lacking definite meaning have unclear, ambiguous terms that pose challenges in interpretation and enforcement. Courts may interpret based on ordinary meaning, parties’ intentions, industry customs, or contra proferentem rule if one party drafted the unclear terms. Clear drafting and legal advice are crucial to minimize ambiguity and ensure agreements…
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Skill Bit
€ 25.00
This Skill Bit talks about “Contracts to negotiate”, which outline terms for discussions towards a final agreement but are non-binding. They establish negotiation frameworks, emphasize good faith, and include termination options. Despite their non-binding nature, failure to negotiate in good faith may lead to legal claims. Legal advice is essential due to varying enforceability and…
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Skill Bit
€ 25.00
This Skill Bit shows that proposals are formal offers that may become binding if contract elements are met, while letters of comfort and declarations of intention are generally non-binding but may influence trust or future negotiations. Legal implications depend on the document’s wording and context, varying by jurisdiction. “Contracts to enter a contract” and “agreements…
