It has been well documented that information technology contracts run overtime and over budget. In many cases large scale information technology contracts have also been cancelled due to the finished product not meeting the expectations of the client.
The nature of information technology is such that it is a very flexible entity which can make today’s whiz bang up to the minute cost saving technology tomorrows, difficult to integrate, slow, unproductive and uncompetitive headache.
It is to be noted that the procurement of information technology related systems and services is accompanied by high costs. It will also involve a lot of risk if not thought through carefully.
With the above in mind, it is surprising that majority of high end information technology procurements are based on standard contracts which have been provided by the system supplier.
Suppliers and customers who enter into poorly negotiated contracts will undoubtedly expose themselves to both financial and commercial risks.
In order to mitigate this parties entering into information technology based agreements need to ensure they negotiate contractual agreements in an informed and flexible manner.
By adopting an informed and flexible approach to information technology negotiations parties can take make best use of concessions by the other party in relation to contractual terms and pricing. This will allow for the minimisation of future problems arising from a poorly documented or unbalanced arrangements.
Information technology contracts/agreements we are able to negotiate and draft include but are not limited to the following:
- Outsourcing agreements
- Hardware supply
- System maintenance and support
- System leasing agreements
- Consultancy service agreements
- Website development and support
- Non-Dislosure and Confidentiality agreements
- Information security management agreements
- Software development agreements
- Software licensing
Benefits of utilising our Contract negotiation services:
Datalaws are able to assist and advise parties entering into information technology contracts. Our knowledge of the technical and legislative requirements positions us to be able draft contracts which will suit our client’s requirements.
We are able to provide our clients with the commercial agreements required to enable them minimise potential problems. Our familiarity with the issues arising from information technology agreements allows us to provide astute advice to ensure our clients objectives are met and ensure risks are identified and managed.
For more information about our contract negotiation service, call our contract negotiation team on dataprotection@datalaws.com