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Agreements

Venkataramiah S Annapragada
24/12/2018 0 0

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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