How To Control The Fulfillment Of The Terms Of The Contract

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How To Control The Fulfillment Of The Terms Of The Contract
How To Control The Fulfillment Of The Terms Of The Contract

Video: How To Control The Fulfillment Of The Terms Of The Contract

Video: How To Control The Fulfillment Of The Terms Of The Contract
Video: Elements of a Contract 2024, April
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For many, a contract drawn up and signed by both parties is synonymous with business success. However, this is only the initial stage. It is equally important to timely and efficiently monitor the terms of the contract.

How to control the fulfillment of the terms of the contract
How to control the fulfillment of the terms of the contract

It is necessary

  • - act of acceptance and transfer of works;
  • - legal advice.

Instructions

Step 1

When drawing up a contract, please read carefully the sections related to non-fulfillment of conditions. Specify the procedure for resolving disputes, penalties for non-compliance with certain provisions. In addition, already in the contract itself, you can reflect those documents that will allow you to fix the implementation of the contract.

Step 2

Draw up an act of acceptance and transfer of the work performed. It can be used not only to control the final execution of the contract, but also to summarize the interim results. Thanks to such an act, you will be able to assess the volume and cost of the work done and even terminate the contract by fixing a certain level of readiness.

Step 3

Establish a reporting system between you and the other party. This advice is very relevant in the case of a long-term project in which you act as a customer. Develop a specific form of report that the contractor must complete with the chosen frequency. Be sure to reflect this function as a separate clause in the contract.

Step 4

Before starting work, clearly state the results that you would like to achieve by concluding this contract. It is desirable that most of the final indicators be expressed in numbers (prices, terms, quantities). Compare the indicated results with the available ones. In this case, you should not rely on conditional or emotional characteristics of the result - only a clear analysis of compliance with the stated plan will give a real picture.

Step 5

Designate an employee responsible for monitoring the execution of the contract. If your business involves many contractors, assign several subordinates to monitor compliance with the terms of contracts with different partners.

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