Contract clause - international business contracts

Liquidated Damages in Procurement: Remedies, Risk and Contract Clauses

Learn what liquidated damages mean in procurement, how they relate to remedies, supplier delay, risk mitigation and contract management.

Performance Warranty in Procurement: A Basic Guide for Buyers

A supplier can promise many things before a contract is signed. But for a buyer, a promise is not enough. The real question is: What happens if the supplier’s product or service...

Supplier Code of Conduct: From Policy to Supplier Compliance

Having a Supplier Code of Conduct is no longer unusual. For many companies, it is expected. Customers, owners, regulators, employees, and business partners increasingly expect companies to know how suppliers behave in...

Non-Disclosure Agreement for Buyers: When to Use an NDA in Procurement

In Procurement, confidential information is often shared before a supplier relationship is fully established. A buyer may need to send drawings, specifications, forecasts, product ideas, pricing assumptions, technical data, or business plans...

Indemnification defines who carries supplier-created risk

Indemnification Clause in Procurement: How Buyers Manage Supplier-Created Risk

A buyer may believe that risk belongs to the supplier because the supplier created the product, delivered the service, selected the technology, or used the subcontractor. But the situation is not always...

Supplier collaboration and forecasting process infographic

Sending Forecasts to Suppliers: How Operative Buyers Improve Delivery Reliability

In operative procurement, many delivery problems start before the purchase order is even sent. The supplier may not have enough material, production capacity, labor, or transport availability because the buyer has not...

Collaborative contract review in business setting

Supplier Insurance in Contracts: How Buyers Reduce Commercial Risk Before Something Goes Wrong

A supplier can have a good price, a strong technical offer, and a signed contract. But what happens if the supplier causes property damage, delivers a defective product, makes a professional error,...

Non-Conformity Report in Procurement: How Buyers Handle Supplier Quality Problems

In procurement, problems do not end when goods are delivered. Sometimes the supplier delivers the wrong item, the wrong quantity, damaged material, incomplete documentation, poor quality, or goods that do not meet...

Transfer of rights is an important clause in procurememnt contract

Transfer of Rights in Procurement Contracts: How Buyers Avoid Losing Control of the Supplier Relationship

In procurement contracts, the transfer of rights clause is crucial for clearly defining the rights and obligations that can be transferred from one party to another

HS Code in Procurement: What Buyers Need to Know Before Importing Goods

When buyers source goods internationally, the supplier price is only one part of the total cost. Customs duties, import restrictions, documentation requirements, and delivery delays can change the real cost of the...

The Procurement Framework blog at LHTS

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