27 April 2014

4. Read the Contract you just signed

Sounds strange? Impossible? Three out of four times? Chances are that the contract that you have been handed over to execute has not been read by the person who signed it.  

Unbelievable as it may sound pressures of time, lack of appropriate resources and a desire to grab the contract often lead to these situations. In the contract that has been signed for you to execute has all the deliverables in the world that the client could think of. Not to mention the ridiculous time frame in which to execute them. It would be an unfortunate situation if you have such a situation to deal with. Disastrous if this is the fourth in the series of mistakes that have happened and you happen to inherit the consequences.

Some lessons you could learn would be (Pardon me for stating the obvious)

  • Read the contract (before signing it of course!) and iron out the kinks. Both parties entering into the contract have an unsaid right to review the contract before it gets to the signing stage.
  • It does a lot of good to your company’s professional reputation if you suggest a few changes which may have been missed out inadvertently.
  • Save on “fan cleaning” costs at  later.

The next in the series is about getting your budgets right.

Links to the posts in this series

3. Don't promise the impossible in a ridiculous time frame

2. How (not) to win a contract

1. New Business Areas

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