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Technology: 4 considerations in procurement contracts

Proper preparation can save the business considerable time and money.

Procurement deals require an important marriage of the business and legal teams (if not others as well). Questions such as the following are important to consider:

  • Is this a short-term engagement that has many possible vendors or a more strategic or long-term relationship important to the company’s business?
  • What is the possible effect on the company if the vendor does not perform, and can the vendor be easily replaced?
  • What price protections or costs can be leveraged?

Answers to these questions will often be related to the following four issues:


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Jason Epstein

Jason I. Epstein is a shareholder and chair of the Business and Technology Group at Baker, Donelson, Bearman, Caldwell & Berkowitz, PC (Nashville, Tenn.). He...

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