James Banks
Business Law/ 531
University of Phoenix
Dr. Cornelius Perry
January 06, 2011
Abstract
Contract negotiations argon meaty for the success of a contractual agreement between deuce parties. The conditions of a contract should be fair and practical for both(prenominal) parties and the service. The service must place realistic expectation on the servicer that give a company exactly what he or she are looking for in a timeframe that allows the servicer to provide the outstrip theatrical role service possible. It is essential that the elements of the contract are understandably understood by both parties and that a company are legally binding. In the University of Phoenix simulation (Contract and Management Simulation, 2010), this software system of Span system is used as a rely developer to developed a big ticket Java found transaction system for Citizen Swartz (C S) a German based banking firm. establish on Spans performance on this flowing project worth $6 million, C-S has a much big project in the pipeline. This simulation highlights the importance of reviewing an existing bank line contract and helps develop a negotiating position in the saying of potential performance issues. The simulation begins with C-S dissatisfaction with Spans performance.
The precise legal issues below were the key points of contention between both companies. Â
C-S claims that Spans deliverables are low on quality and behind schedule.
Span cites that user and system requirements have great(p) disproportionately since originally determined making it difficult to harmonize within earlier budget and timelines.
Span also cites that C-Ss approval and review times are affected by restructuring management.
Legal Issues
The above legal issues fall under the below legal principles or contract clauses. These contractual disagreements usually hand to decrease in productivity, company damages, company partnerships, and legal expenses. From practice session the...If you want to get a full essay, order it on our website: Ordercustompaper.com
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