More and more businesses are outsourcing commercial activities. So whether you’re the outsourcer or the supplier, it’s important to get your contract right.
It starts with due diligence – fully understanding the businesses involved, establishing who will deliver which services, and how. This makes it possible to negotiate a contract that addresses any challenges and protects your business interests. This can include but are not limited to:
- Outcomes of due diligence
- A detailed description of the services to be provided
- Service level agreements
- Warranties, liabilities and indemnities
- Asset transfers
- The novation of licences, leases and third-party supplier contracts
- Intellectual property
- Potential employee transfers between the contracting parties
- Potential employee transfers between the third-party suppliers of the contracting parties
- Exit strategy and procedure.