Tag: failure

Lessons from Failure: Use Simple Effective Terms

If you are writing a contract, you should really make sure that its terms are simple and effective. You need to ask: do both parties understand what it does? what is it meant to do? does it actually do? when would it apply? how does it transfer risk? Lessons from

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Lessons from Failure: Contract before Works

Which should come first: works or contract? Well you might expect me to say the contract but here’s why… The defective car park In 2001, two companies were trying to agree the terms for a long-term agreement on a variety of projects. One of those projects was in a hurry,

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Lessons from Failure: Don’t Overstay Your Welcome

The Guardian’s Consumer Champion column told the story of a shopper who had been charged £70 for overstaying at a 90-minute car Aldi car park. Although I have some sympathies with the amount of this charge, the report didn’t tell the whole story of car parking charges… Are you sitting

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Failure is Your New Best Friend

Contracts should help you do business. But we have to be realistic. Change happens. Risk events occur. Humans are fallible. Most contracts do not anticipate ‘failure’ in stark terms. However, not every project will be a success, especially those which are on the edges of what is currently possible. Is

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