ABSTRACT

In today’s business environment, contracts are everywhere. Contracts govern companies’ deals and relationships with their suppliers and customers. They impact future rights, cash flows, costs, earnings, and risks. A company’s contract portfolio may be subject to greater losses than anyone realizes. Still the greatest risk in business is not taking any risks. Contracts should support sound risk-taking and help balance risk with reward. This book is designed to help business, project and risk managers, as well as contracts and legal professionals, find and achieve the right balance.