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Contract Creation

Contract Creation and Management
Everyday people engage in a give and take relationship. What most people do not realize is that relationship is more often than not a contract. People handle contracts everyday whenever there is an exchange of promises. In the business world it has a bit more depth to it than the simple idea of slipping a few coins in a vending machine, as is such the scenario of developing a contract between a company wanting new software and a company that designs the software.
The concept of this paper is to identify keys areas of a contract to make it a win-win situation for both sides. Both parties know what they want and will want to address their needs to the other company. Along with the needs of the two parties, risks should be identified and brought to light to find better resolutions to avoid unnecessary risks. When both parties identify the needs and risks a contract can begin to take form. Five key areas should be addressed when forming a contract:
1. Performance
2. Change Control
3. Communications and Reporting
4. Project Structure
5. Dispute Resolution
Covering all of those areas will create a more reliable contract and improve the working relationship between the two companies.
Party Needing Software Perspective (Citizen-Schwarz AG) - Summary of Needs
The party to which the software is being requisitioned has some very generalized and basic needs with concern to this software. First, the software must be user friendly, and easy to install and operate. Ease of use will allow the party to implement this software throughout its organization with little lag time in operations as employees become familiar with the new software. Second, as the software progresses through the various stages of production, the party requisitioning the software feels the right to see progress reports and samples of the software. These periodic samples will allow the party requisitioning the software to determine whether the...