Offer & Acceptance

Important aspect before offer acceptance.

Identify and analyse the risk involves, written in between the line of terms and condition:

1.       Clarity in scope of work and terms of payment.

2.       Warranty clause (expressed and implied).

3.       Damages and Limit of liability.

4.       Jurisdiction & Dispute resolution methodology.

5.       Terms towards termination of contract.

6.       Change in scope & Remedy of breach must have modus operandi.

7.       Any other industry specific terms.

Analysis of these factors shall enable a firm to take appropriate decision before acceptance of an offer.