Understand obligations. Reduce risks.
Buying new software? Software vendors are business partners. You both want to be successful.
Our innovative contract risk reports bridge the gap between your procurement function and your legal team so you can make pragmatic, fast, cost-effective and risk-minimising purchasing decisions.
Our Software Contract Risk Report highlights your top 5 issues before you sign up to give you the confidence to move in the right direction.
Set up for contract partnering
If you ask around, there will be someone you know who regretted a buying decision when they later realised what was in the fine print.
So you've undertaken a software selection process and you are comfortable with the solution, scope, price and timeline. You are now just about to sign the vendor's standard contract...
What are you actually signing up to?
What impact might terms like "commercially reasonable efforts" have down the track? How would you know of any grossly one-sided terms in your contract? How fixed is the price really?
Our contract risk report identifies your top 5 contractual risks before entering into a contract with a software vendor.
We review the legal terms and conditions based on what we consider practical, important and fair.
Our contract risk report is designed for a business audience to provide key business insights on terms and conditions with a recommended way forward.
What a Contract Risk Report brings:
Good risk management. You have appropriate contractual arrangements in place, down-side risks have been minimised and good decisions have been made.
Cost effective decision making. The information gives you more options to make the best decision in the circumstances. You can confidently walk away or negotiate more effectively or engage legal advice if required.
Reduce your down-side. Contracts that clearly set out key obligations and contain any major risks are imperative to a sustainable and profitable business.
Spend more time elsewhere. Get the right people to help you at the right time and you will minimise the time and effort needed to review contracts, negotiate outcomes and keep things moving.
Avoid legal cost blow-outs. You'll have an appreciation of your risks to avoid spending money on unnecessary legal reviews and avoid potentially costly future contract issues.