technology Contract specialists
Effective contract creation, negotiation and management will not only save you time and money, it will also create the right behaviours between parties, increase the chances of success and help to maintain relationships.
The new-age contract landscape
Understanding the complexities of gathering data for Machine Learning and Artificial Intelligence, how the intellectual property in any meta-data vests, Blockchain, the way Cloud Computing and Internet of Things work and how mobile, online and in-app payments operate, are key to an effective contract.
With our in-house expertise in deep-tech contracts, we can create, review and negotiate a variety of agreements to support delivery of software, services and projects.
Different types of contracts
Contracts are not a 'one size fits all'. There are several types of contracts and each project will need an appropriate contract structure to maximise its chances of success. For example, if you're employing an Agile methodology, your contract will be quite different compared to Waterfall. Are you ensuring appropriate levels of risk so both parties are sufficiently invested? Are payments structured against specific deliverables or milestones so that the supplier is motivated to deliver and the client is incentivised to pay on time? Agreeing on a day rate might sound sensible, but is it suitable for the nature of the project and what happens if the supplier exceeds the original cost estimate? With years of experience managing multi-million pound contracts, we can help negotiate, create the processes and manage your contracts and delivery so you can concentrate on what you do best.
We can help every step of the way throughout your contract negotiation. From breaking down a proposal to see where efficiencies can be gained, to creating a negotiation strategy, explaining different commercial models and coming up with an approach before the negotiation even begins.
During the negotiation, we can either lead or support so that matters are kept on track and both parties conclude the negotiation feeling like winners.
Effective contract management
After a negotiation is concluded and the contract is signed, we can help put the right processes in place to ensure that SLAs and KPIs are adhered to, any changes are submitted in line with the contract and that you have an appropriate governance structure in place to ensure that you can meet your obligations and successfully manage those of the other party.
If you're carrying out on-site projects, then we can help you manage not only your contracts, but more importantly, your relationships.
Unfortunately, disputes are not uncommon and when you go through one, it can be stressful, expensive and time consuming.
We can help whether you're the client or the supplier. We are experienced technology lawyers and have helped to resolve disputes within a range of industries, including the aerospace sector, healthcare, media and FMCG.