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Exposing the Two Most Hostile Contract Clauses I've Encountered!
Manage episode 424858625 series 3470006
Kandungan disediakan oleh Max Clark. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Max Clark atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
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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#contracts #negotiations #ITcontracts #startup #businessadvice #businessmanagement #management #businessstrategy #businessgrowthhacks #CEO #cfo #cto #businessleaders #tech #technology
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