The Art and Skill of IT services contracts - Key items to remember to avoid issues
Crafting Effective Vendor Services Contracts and Change Orders A well-drafted vendor services contract is crucial for setting clear expectations and protecting your organization’s interests. This post focuses on key elements that should be included in your vendor contracts and offers guidance on how to effectively draft change orders. Disclaimer: The information provided in this post is for general informational purposes only and does not constitute legal advice. Always consult with a qualified legal professional when drafting or modifying contracts. Key Elements of Vendor Services Contracts Scope of Work (SOW) Use precise language to define the deliverables, responsibilities, and timelines. For example, instead of saying “regular updates,” specify “weekly status reports every Friday by 5 PM.” Avoid including extraneous information, such as sales material or company history, which can introduce ambiguity. It should also include end dates to establish outer limits under which the...