Contract Creation And Management
Running head: CONTRACT CREATION AND MANAGEMENT
Contract Creation and Management
Introduction
Contract laws pertain to an agreement between two or more parties that creates in each party a duty to do or not do something and a right to performance of the other's duty or a remedy for the breach of the other's duty (Oman, 2007). An ambiguous contract can lead to misinterpretation of ideas, needs, and wants. When joining in a contract, all parties involved need to ensure that their duties and requirements are clearly stated.
Citizen-Schwartz GA and Span Systems are currently in deliberations over the current contract. Failure to fully specify the terms of the contract has left room for interpretation. Listed are the five areas within the contract that need to be revised and have provisions added. Throughout the next few pages, one will see the equally agreed upon provisions to avoid future issues and delays in the current project.
Contract Provisions by topic:
Performance
The parties performance based contract should include the following:
At the expense and discretion of C-S, a release manager with added specifics to the deployment of software.
C-S will closely monitor the direct removal efficiency of Span Systems and communicate a benchmark to Span Systems in one month from the date of contract sign off.
Use of measurable performance standards in terms of quality, timeliness and payment schedule.
Span Systems will be entitled to payment for the percent of services satisfactorily completed as of the date of termination or cancellation. Beta testing performed 30 days from contract sign off will be used as a deliverable to meet product satisfactory. Beta testing period will be for 30 days.
Span Systems will certify the software for acceptance testing, Acceptance period will start one day after installation of...
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