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Legal Briefing
Future proofing your contract - how to build flexibility into sourcing contracts
Practice Area: Sale and Supply of Goods and Services
Sector: Business services
Jurisdiction: England & Wales
Published: 18 January 2012
Law Firm: DLA Piper
Overview
It has always been advantageous to build flexibility into sourcing contracts upfront, in order to ensure that contracts keep pace with the changing demands of business and provide a user-friendly framework for a successful, long term relationship. Flexibility in sourcing contracts is becoming even more important in the current economic climate, as businesses need to be able to adapt quickly to market changes driven by the Eurozone crisis.
In this article, DLA Piper provides a number of tricks that can be used to build flexibility into deals and to guard against being accidentally locked into a brittle, unworkable contract.
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