NAPM InfoEdge
March 1997, Vol. 2 No. 7

Writing The Contract Members Only Content


When writing a contract, a starting point is to ask: "What is the purpose of this contract?" One objective is to define the understanding between and responsibilities of the parties, and predetermine (allocate) the risks that each party is willing to accept. Another objective is to define organizational goals and policies and translate them into the provisions of your contract. For example, the philosophy of long-term and "partnering" liaisons with suppliers has assumed much significance in the '90s. If that concept has taken on importance in your organization, your contract should reflect this goal.

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