Contracts And Risks

Memo
Span Systems
INTRODUCTION
Legal risk and opportunities with Citizen-Schwarz
particular(prenominal) measures to take to avoid risks, minimize liabilities and benefit from opportunities
Identify the selected alternate(a) approach and reasoning behind it
Throughout this memo, I allow also be describing the legal principles related to identified risks and opportunities.
statutory RISK AND OPPORTUNITIES WITH CITIZEN-SCHWARZ
The contract with CS is obviously very crucial to the success and growth to our company. However, from the beginning, specificity was lost of the breadth of the contract and we make several accommodations in design and scope without negotiating different strategic dates of delivery. The contract was not a negotiable instrument (legal principle), thoto beguile our new customer, we accommodated many requests for re-design and complicated the scope of the project. In my estimation, in that location arouse been the following breaches of contract:
Internal Escalation Procedure for Disputes—CS is demanding an unilateral end of our contract because what they determine is “low tonicity” and “non-performance by due dates.” They accommodate been unusually impatient and have not negotiated differences in good faith.




Requirements Change—CS call for several changes in the scope of the project not negotiated, nor revise in the original contract. This pushed out the possible date for completion, but was not specified or agreed upon by our part.
communications and Reporting—CS has not communicated their dissatisfaction with our performance until this strongly enounceed letter requesting abrogation of our contract.
Intellectual property rights—We have received word from our European marketing contact that CS is already public lecture to a firm in India saying they would provide what we have done already if they would finish the project.
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