Top 10 Errors When Drafting Service Contracts
Drafting a services contract is never simple: It spells out the buyer's and seller's negotiated obligations and rights. If it is poorly drafted, a number of serious problems can arise:
- The seller thinks it is charged with delivering one thing. The buyer thinks it should be receiving something else.
- The buyer has limited options to rectify the situation in the event of a breach.
- The supplier's attorneys can find plenty of loopholes for escape.
Avoiding common service contract-writing mistakes goes a long way in preventing complications like these.
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