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Contract Risk and Opportunities

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Contract Risk and Opportunities
LAW/531
Jonathan Jamieson
April 19, 2010

CERTIFICATE OF ORIGINALITY: I certify that the attached paper is my original work. I affirm that I have not submitted any portion of this paper to any previous course, and neither has anyone else. I confirm that I have cited all sources from which I used language, ideas, and information, whether quoted verbatim or paraphrased. Any assistance I received while producing this paper has been acknowledged in the References section. I have obtained written permission from the copyright holder for any trademarked material, logos, images from the Internet, or other sources. I further agree that my name typed on the line below is intended to have, and shall have, the same validity as my handwritten signature.
Student's signature (name typed here is equivalent to a signature): Allison L. Sutton .

Contract Risk and Opportunities

A contract has been created between Span Systems, a custom e-banking software developer, and Citizen-Schwartz (C-S), a German bank attempting to enter the fiercely competitive U.S. banking market. The legal risks presented during the contract performance causes both companies to disagree on principle points leading to renegotiation efforts by Span Systems to salvage the contract (University of Phoenix, 2010). Differences in contract term interpretation and disputes over contract management can lead to a decrease in production, severance of business relationships, and expensive legal fees. The legal risks, principles, and opportunities present as well as alternatives for solving disputes related to this contract will be discussed. In addition, the most effective alternative to prevent future contract mismanagement will be identified.
Legal risks, principles, and opportunities The issues that arise from substantial performance…...

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