Manage Phase: Transition to a New Contract - Understanding the contract
5 important questions on Manage Phase: Transition to a New Contract - Understanding the contract
What documents are included in a contract?
Why is it helpful breaking up a contract in essential elements after the contract is determined?
Which four core elements contracts have?
- What is the contract about (scope -->SoW)?
- "Who does what according to the contract (roles and responsibilities)?
- How do we know the contract is working (service levels, measurements, milestone)?
- What happens if something happens or doesn't happen according to the contract (recourse, penalties)?
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When fails the essential purpose?
What are (US) guidelines or principles for interpretation?
- Ordinary meaning.
- Terms of art.
- Interpretation of the whole.
- Manifest intent.
- Specific over general
- Construe against drafter.
- Original language over forms'
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