Unveiling the Truth About Hostile Contract Clauses and How to Navigate Them!
Navigating contract negotiations can be a minefield, especially with less-than-fair clauses.
Example 1: Imagine your contract is nearing its end, and you’re negotiating a month-to-month extension. Suddenly, your provider states that they will discontinue services immediately after the contract expires unless you commit to a renewal.
Example 2: Another challenging scenario is an MSA that stipulates that any changes to existing services or new service orders are executed for new services. And here’s where this got touchy: It didn't require signed documents.
Bonus: Imagine deploying hundreds of servers, only to learn that your data center will only manage waste disposal if it's explicitly included in your contract.
Remember, the devil is in the details. Take the time to thoroughly read and understand the fine print, and don’t be afraid to negotiate these crucial terms upfront. If you’re feeling overwhelmed, consider seeking the guidance of a contract negotiation expert to help you navigate these complex agreements.
Which contract clause has posed the biggest challenge for you? 👇 👇 👇
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Billions & Billions of eyeballs, six continents, 10k+ servers, and plenty of lessons learned over 2+ decades in I.T.
If you're looking for quick tips on optimizing tech, managing suppliers, and growing a business, 20 Minutes Max is the space for you.
Here, I talk about things that come up during my day and share insights on taking your business to the next level. In less than 20 minutes, you'll walk away with actionable advice and strategies for success. Take advantage of this valuable resource for CEOs, CFOs, and business leaders.
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What is 20 Minutes Max?
Billions & Billions of eyeballs, six continents, 10k+ servers, and plenty of lessons learned over 2+ decades in IT
If you're looking for quick tips on optimizing tech, managing suppliers, and growing a business, 20 Minutes Max is the space for you.
Join me as I talk about things that come up during my day and share insights on taking your business to the next level. In less than 20 minutes, you'll walk away with actionable advice and strategies for success. Take advantage of this valuable resource for CEOs, CFOs, and business leader