Tag: Contracts
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Contract Negotiation Deep Dive: Introductory Clauses
Disclaimer: I am not an attorney and cannot give legal advice. This series is from a supply chain practitioner’s perspective on negotiating contracts and is simply offering my perspective on common contract clauses. Seek professional legal advice for your own contracts. Today’s article kicks off a series on supplier contract negotiation, which is where I… Read more
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Supply Chain Tools: Index-linked Pricing
One of the best tools to share price risks between buyers and suppliers is index-linked pricing. Most procurement professionals have heard of and used commodity indices to tie pricing to the wider market, but in short they are a third-party tracking tool for commodity pricing. The consumer price index is a common and popular index,… Read more
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Contracts in Focus: Understanding Contracts as Instruments of Purpose
This morning as I checked my inbox, I had a survey waiting for me from World Commerce and Contracting. The survey sparked me because it asked a set of questions about the purposes of contracts, and I found my answers highly varied across the questions. I will note that I am a believer in contracts… Read more