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Savvy managers no longer look at contracting processes and
documents reactively but use them proactively to reach their
business goals and minimize their risks. To succeed, these managers
need a framework and A Short Guide to Contract Risk provides this.
The foundation of identifying and managing contract risk is what
the authors call Contract Literacy: a set of skills relevant for
all who deal with contracts in their everyday business environment,
ranging from general managers and CEOs to sales, procurement and
project professionals and risk managers. Contracts play a major
role in business success. Contracts govern companies' deals and
relationships with their suppliers and customers. They impact
future rights, cash flows, costs, earnings, and risks. A company's
contract portfolio may be subject to greater losses than anyone
realizes. Still the greatest risk in business is not taking any
risks. Equipped with the concepts described in this book, business
and risk managers can start to see contracts differently and to use
them to find and achieve the right balance for business success and
problem prevention. What makes this short guide from the authors of
the acclaimed Proactive Law for Managers especially valuable, if
not unique, is its down-to-earth managerial/legal approach. Using
lean contracting, visualization and the tools introduced in this
book, managers and lawyers can achieve legally sound contracts that
function as managerial tools for well thought-out, realistic risk
allocation in business deals and relationships.
Savvy managers no longer look at contracting processes and
documents reactively but use them proactively to reach their
business goals and minimize their risks. To succeed, these managers
need a framework and A Short Guide to Contract Risk provides this.
The foundation of identifying and managing contract risk is what
the authors call Contract Literacy: a set of skills relevant for
all who deal with contracts in their everyday business environment,
ranging from general managers and CEOs to sales, procurement and
project professionals and risk managers. Contracts play a major
role in business success. Contracts govern companies' deals and
relationships with their suppliers and customers. They impact
future rights, cash flows, costs, earnings, and risks. A company's
contract portfolio may be subject to greater losses than anyone
realizes. Still the greatest risk in business is not taking any
risks. Equipped with the concepts described in this book, business
and risk managers can start to see contracts differently and to use
them to find and achieve the right balance for business success and
problem prevention. What makes this short guide from the authors of
the acclaimed Proactive Law for Managers especially valuable, if
not unique, is its down-to-earth managerial/legal approach. Using
lean contracting, visualization and the tools introduced in this
book, managers and lawyers can achieve legally sound contracts that
function as managerial tools for well thought-out, realistic risk
allocation in business deals and relationships.
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