A must read book for anyone involved in contract drafting and contract management.
This book presents an effective supply chain process improvement model, by providing value for the reader in three ways: First, model contract language; commercial terms and conditions are provided. Second, model contract language is annotated with explanations for each of the key articles. Third, summaries of actual litigated cases are provided in synopsis form. This combination of language, annotations and key case synopses all work together to instruct and enlighten the reader.
This book provides annotated model contract language which highlights what the language means as well as the actions and procedures that need to be taken in order to ensure that the parties’ respective rights and responsibilities are followed. In addition to sample contract language, the book provides illustrative cases demonstrating what works and what has been less successful. The book instructs the reader on how to create a contract management plan for successful implementation of the transaction and recommends a clear methodology for managing change. Finally, the book highlights the need for a documented method of learning from past mistakes in order to avoid future mistakes.
“Model Contract Terms and Conditions” also facilitates the creation of a project or transaction specific Contract Management Plan. (“CMP”). A CMP is essentially an internal document prepared by either the Company or the Contractor for use by their respective employees in managing the transaction that is the subject of the Contract. The CMP is not shared with the other party since it deals exclusively with the internal considerations and mechanics associated with one party’s administration and management of its rights and responsibilities under the Contract. The CMP supplements the Contract and also permits a documented methodology for applying lessons learned from past transactions.
Some Amazon reviews by our readers
This book is indispensable for the procurement professional or anyone interested in learning more about contracts. It is well written in terms for a person to understand without all the legal jargon.
This book is well written and can tell that these authors are experienced. I would definitely recommend this series of books for anyone who has the desire to understand on a more detailed level.
This book is a great reference for anyone involved in the contract process. I would recommend this book to anyone who is negotiating new contracts, revisiting contracts near expiration, or anyone who is looking to reduce contract risk. I found the model terms and conditions extremely helpful and I know I will continue to revisit this book in the future.
When in doubt, this is the book to read, follow and understand. The author, Paul Humbert wrote a few cases that we can use as reference, in clear precise language that could be used in contract negotiations in any level of business where all parties will be satisfied with the end product. I will always use this book for future reference and proudly display it for friends and visitors to see and say I need one of these.
A must Have!
Truly an outstanding resource guide and a must have for any manager tool kit. It is easy to understand and apply to everyday applications. I do wish this resource was made available to me years ago!
An indispensable reference to a procurement professional or paralegal. The authors not only deliver what is clearly years of experience in drafting contracts, they annotate their model terms to provide insight into key risks and pitfalls and to provide guidance on how to address issues that often come up related to the particular aspect of contracting. This is one book to keep within arm's length of the keyboard.