Completing a Contract Review Document is ongoing

Contract Review Document – a systematic support.

A Contract Review Document (CRD) is a structured way to assess and summarize how a proposed contract compares to your organization's standard model contract.

Performance warranty for professional buyers

n this blogpost we will explain performance warranty for professional buyers and explain what performance warranty is in relation to a supplier and a contract with a supplier. What is it, when is...

Buyer working with contract clauses gross misconduct and negligence

Gross Misconduct and Negligence explained to buyers

Gross Misconduct is a severe breach of duty or unethical behavior that significantly violates the fundamental terms of a contract

What buyers need to know about HS code

If you are involved in international trade as a buyer, it is essential to understand what HS code is and how it affects your business. The Harmonized System (HS) code is a...

Supplier insurance in contracts

When building your supply chain, supplier insurance in contracts is a crucial element that helps to mitigate the risks associated with working with external vendors. Supplier insurance is a contractual agreement between...

Transfer of rights is an important clause in procurememnt contract

Transfer of Rights in Procurement Contracts

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

Crafting Effective Purchasing General Terms and Conditions

It is hard to overestimate the criticality of crafting effective Purchasing General Terms and Conditions (GTCs).

Counterfeit components clause in a procurement contract

Counterfeit components are a growing concern. It's essential for companies to have a counterfeit components clause in a procurement contract.

Tag: contract clause