Blog: Nine ways to reduce risk in tech firm contracts

contract-draft

Technology firms thrive in fast-paced environments. But more time spent on customer contract T&Cs would be time well spent, says Travelers Europe’s Toby Harris

The contract is the foundation of the relationship between a technology company and its customer. Formulating contract terms carefully not only helps regulate the relationship; it is also a risk management tool. By crystallising the rights and obligations of the parties involved, contracts can considerably reduce the scope for future disputes. Even where a dispute is unavoidable, contracts can still help by defining a dispute resolution process that may avoid costly and time-consuming litigation

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