Contracting Principles

Contracting Principles

Reduce the time it takes to reach an agreement with these industry-adopted and commercially practical recommendations for buyers and sellers. 

Written and peer reviewed by a diverse, global team that crosses multiple industries and jurisdictions. They are applicable in both common law and civil law countries. 

Use of the Principles not only demonstrates your willingness to view the pending relationship as a partnership, but it also cuts down on often contentious back and forth negotiations so business teams can get on with other critical opportunities.

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The Principles

  1. Alternative Dispute Resolution
  2. Assignment and Novation
  3. Compliance with Laws
  4. Confidential Information
  5. Customer Audit of Suppliers
  6. Data Security and Privacy
  7. Force Majeure
  8. Indemnification of Third Party Claims (Excluding Intellectual Property Claims)
  9. Insurance Coverages
  10. Intellectual Property Rights and Indemnification for Third Party IP Claims
  11. Liability Caps and Exclusions From Liability
  1. Managing Price Volatility
  2. Non-Solicitation
  3. Payment Terms
  4. Prices and Charges
  5. Requirements for Accessing the Other Party’s Assets
  6. Service Level Agreement Remedies
  7. Step-In Rights
  8. Sub-Contracting
  9. Suspension Rights
  10. Termination Assistance
  11. Warranties