In the interests of balance, I ought to explain not just why you should simplify your contracts but also provide some of the arguments I have heard against the idea. Don’t simplify Here are the five most popular excuses I have heard for keeping to the norm of complex, one-sided
Contracts are the lifeblood of business. We’ve been using them for millennia, so why should your business follow the global trend and focus on making them simple? Contracts should: effectively communicate what each company involved in the project needs to do (allocating responsibilities) reflect the changing needs of the parties
Are you a contract genius, courageous with your terms, or an intelligent fool? As Einstein said “Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage — to move in the opposite direction…” Read the full
Assuming you all somewhere have a contract, agreement or set of T&C that are perhaps a little on the bloated side, where would you start with simplifying them? 6 steps to contract heaven First, consider the purpose of your contract. Is it primarily to manage to transaction/project or to enforce
Contracts are tools to help you do business. Your contract must perform for you on your projects – it should be easy to use and responsive to your and your clients’/suppliers’ business needs. Practical processes We could spend a long time debating which are the most critical terms in a
As well as having a positive process, the terms in your contract can (and should) enhance the trust you already have* with your client/supplier, both through specific terms and through their general style and tone. Demonstrating trust First, check which of the 8 Habits of Defective Contracts you are guilty
I was confused and my pride was hurt – my 20YO had dissed my present to him. It was only a bar of dark vegan mint chocolate from Choc Affair. But still… Read the full edition here What key element of your contract needs to be accurate? https://www.youtube.com/watch?v=ubzV7PgsGIs&feature=youtu.be&ab_channel=SarahFox
One third of respondents to a 2021 Turner and Townsend survey believed that their construction contracts were unfit to address the impact of the pandemic on the project. I am not surprised. At the start of the UK lockdown, lawyers, contract users, advisers and professionals were scrabbling to find the
You can have the best contract in the world, but if it is hard to get agreed, signed or to find, then it is not much use in managing your business relationships. You need a contract process that is a simple and positive experience for you and your clients/suppliers. Simplifying
Do you think you could write a story in just 6 words or in 500 words? How much meaning can we get into just a few short syllables or sentences? Read the full edition here Why is it even more important now to keep things simple? https://www.youtube.com/watch?v=4ClcRaBkNkw&feature=youtu.be&ab_channel=SarahFox
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