Contract Law

Incentives & Contracts: Part 1 – Liquidated Damages & Late Delivery

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Liquidated damages

Liqduiated damages: incentives and motivation in IT contracts What do liquidated damages have to do with incentives? All economists love to talk about incentives. Incentives are simply a way of explaining why people do what they do. For example, why do people (usually) pay their taxes? In other words what are the incentives for individuals […]

Cloud Computing

Cloud computing contract: 8 clauses to beware

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cloud computing contract

Cloud computing contracts are big news. Previously, I examined some techniques and tactics that customers can use to help them when negotiating cloud computing contract clauses with vendors.  However, it may not always be possible to negotiate your cloud computing contract if the vendor is a large company, or is offering you an ‘off-the-shelf’ product. […]

Contract Law

Van Halen, M&Ms and why you must read a services contract

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services contract

Van Halen and services contracts…really? What does the rock band Van Halen and M&Ms have to do with the need to carefully read a standard form services contract? Let me tell you a story…It starts with the well known extravagant backstage demands of modern pop stars. As you may know, their agents and lawyers painstakingly […]