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Common contract clarity issues can include a lack of contract scope, payment processes, delivery schedules, term penalties and compliance boundaries. Lack of price protection: Businesses may experience unexpected price hikes, only to find their contracts contain no price protection terms or clauses.
Types of contract risk Poor or perverse incentives, bad planning and demand management, ill-informed buying, deliberate contract manipulation, miscommunication - they can all erode the value of a contract.
Information Technology Contracts means Contracts related to Information Technology assets, including Software licenses, subscription service and hosted agreements. Information Technology Contracts means all written agreements concerning the Computer Software and all written agreements concerning the Computer Hardware.
For contracts, the four most common risk categories include financial, legal, security, and brand. In many cases, your contract risks are closely related to each other and often have a domino effect.