Why Contracts Fail

Have you ever gone to great lengths to have a contract prepared for your lucrative deals, yet things go pear shaped, not according to plan and horribly wrong?

In this blog, we lift the lid and explore a number of factors that you may be overlooking.

》A lack of understanding of the document you are signing.

》A failure to have a legal vetting of  the contract. 

》Failing to manage business and contractual risks in the contracts entered into.

》A failure to comply with the contract terms after the contract has been signed.

》Barely referring to the contract terms, the technical and commercial schedules, to pick up deviations from the contract terms.

》A failure to review and evaluate performance of the other party to the contract. 

》A failure to consult a lawyer as soon as possible in relation to variations to the contract terms and scope, including disputes and threats of litigation.

Secure your business future with our contracts.  Visit us at www.arkhurst.shop.

Arkhurst & Abdellah Solicitors 

Creative Tower, 17th & 18th Floors, P.O. Box 4422, Fujairah, UAE.