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Agreements

24/12/2018 0 0 View Comments

A contract is a mutually binding agreement. It obligates the seller to provide the deliverables and the buyer to make the payment on delivery. It is a legal document recognised in the court of law

The agreement includes the following :

Procurement statement of work
Schedule of deliveries
Pricing and Payment Terms
Acceptance criteria
Incentives and penalties
Warranty support
Standard contract clauses – Force Majeure, Liquidated Damages, Change handling, Termination
Claims Administration and Alternative Dispute Resolution

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