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Contracting Principles

We have devised a set of guidelines to support and streamline the drafting and negotiation of your contracts. Reduce the time it takes to reach an agreement with these industry-adopted and commercially practical recommendations for buyers and sellers. 

You may adopt these principles in their entirety, or select the elements that benefit you and comply with local laws and industry regulations. When agreed to by both parties the principles can be built into your contract templates. This drastically cuts down on back-and-forth negotiations while still allowing flexibility for amendments. This also means that the business team can get straight to work on the more important aspects of the deal. 

Whichever way you choose to implement them, the importance is to instill collaboration, fairness and balance in your contracting processes. 

Principles

What are the benefits?

reduced negotiation time

increased clarity over terms

faster delivery of products and services to market

swift revenue turnaround

The Principles

1

Alternative Dispute Resolution

2

Assignment and Novation

3

Compliance with Laws

4

Customer Audit of Suppliers

5

Data Security and Privacy

6

Force Majeure

7

Indemnification of Third Party Claims (Excluding Intellectual Property Claims) 

8

Intellectual Property Rights and Indemnification for Third Party IP Claims

9

Liability Caps and Exclusions From Liability

10

Non-Solicitation

11

Safeguarding Confidential Information

12

SLA Remedies

13

Sub-Contracting

14

Suspension Rights

15

Termination Assistance

Download the PDF booklet to learn more.

Download the Principles

How to apply the Principles

The rise of automation in contracts has created a huge market for smart tools and platforms that streamline, track, and expedite your agreements. If you’re a contract management software provider, you can incorporate our principles into your products. Below are some examples of initiatives we’ve worked with where this can been successful.