{"id":32290,"date":"2017-04-05T17:12:19","date_gmt":"2017-04-05T17:12:19","guid":{"rendered":"https:\/\/www.sbnn.co.uk\/?p=32290"},"modified":"2017-04-05T17:12:19","modified_gmt":"2017-04-05T17:12:19","slug":"time-spring-clean-contracts","status":"publish","type":"post","link":"https:\/\/aberdeenbusinessnews.co.uk\/time-spring-clean-contracts\/","title":{"rendered":"Time to Spring Clean Your Contracts"},"content":{"rendered":"
A guest post from Brodies<\/a> Associate, Andy Nolan.<\/strong><\/em><\/p>\n A client once joked with me that a good contract is one that, once signed, can be locked in a drawer and never looked at again.<\/p>\n Unfortunately many businesses fall into this trap and fail to extract best value from established commercial relationships. Here\u2019s why it is important to review your contracts on a regular basis.<\/p>\n Deriving benefit<\/strong><\/p>\n A contract is a commercial arrangement drawn up between parties to achieve a particular outcome. However, business demands and pressures mean that a contract which previously satisfied a particular outcome may not do so now. Over time, contracts may need to be reviewed to realign with business direction, to address changes in financial circumstances or to accommodate the underlying political or legal landscape.<\/p>\n Some things to consider:<\/p>\n Pitfalls of not reviewing contracts<\/strong><\/p>\n If a business fails to review its contracts (or indeed fails to ascertain gaps where a contract ought to be in place), a number of problems can arise:<\/p>\n All of these issues create potentially significant risks – poor decision making, increased costs, wasted management time and effort and ultimately, litigation.<\/p>\n The effort that goes into reviewing and managing contracts and their performance should match that of the original negotiation. At Brodies we have developed BOrganised<\/a>, a contract management solution to help clients get the most value out of their contracts, while protecting their organisation from the pitfalls of poor contract management. For more information, contact Andy Nolan at Brodies LLP<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" A guest post from Brodies Associate, Andy Nolan. A client once joked with me that a good contract is one that, once signed, can be locked in a drawer and never looked at again.<\/p>\n","protected":false},"author":1,"featured_media":32291,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,20,21,1],"tags":[],"_links":{"self":[{"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/posts\/32290"}],"collection":[{"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/comments?post=32290"}],"version-history":[{"count":0,"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/posts\/32290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/media?parent=32290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/categories?post=32290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aberdeenbusinessnews.co.uk\/wp-json\/wp\/v2\/tags?post=32290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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