A well-drafted IT contract is an insurance policy for an IT project. Anyone involved in drafting and negotiating IT contracts should follow a certain methodology to achieve the optimum result. Of course, the methodology depends on the type of IT project and the services rendered. The drafting phase is the most appropriate time to tune the contract to the best advantage. This can save money and help to avoid further disputes when properly performed.
In order to tune the contract properly, it requires a good understanding of the technical and legal issues involved in the IT project and the type of problems that might arise during project implementation and afterwards. So the contract has to be specific, not general. Many managers overestimate their understanding of the technical side of IT projects and the legal risks associated, thus often excluding technicians and legal experts from drafting. But this limits the ability … Read More