Contract Law

Outsourcing Contract Objectives Clause: Targeting Perfection

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Outsourcing contract objectives clause? Have you ever seen an objectives clause like this near the beginning of an outsourcing contract or a master services contract? “The customer’s objectives in respect of this agreement are for the supplier to: (a) achieve optimum value for money for the customer; (b) minimise any ongoing financial liabilities and risk […]

Contract Law

The Uncertain Road: Consequential Loss in Australia

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consequential loss

A contract is simply a way for parties to record how they agree to assign risk in a commercial transaction. Commercial contracts often contain clauses where a party (usually the supplier) seeks to: limit its liability to compensate another party for losses up to a specified amount; and/or exclude any requirement for a party to […]