Contracting Excellence Journal

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Mohit Khullar and Prachika Agarwal take an honest look at the present situation of arbitration in India and the steps India should take to keep their arbitration system operating well and open for litigants in spite of the COVID-19 threat.  The world has a long way to go before we get COVID-19 behind us, but no doubt, the technology we will learn to apply in our businesses throughout this threat will become our closest allies! 

contracts Covid-19 forcemajeure india newnormal arbitration

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The humble force majeure clause has been tested by the COVID-19 pandemic like never before.  But what can we learn from this pandemic and how will it shape the future of contracts and business planning in a post COVID-19 era?  These few words thus far have huge implications for contracting operations.  Change is in the wind for sure.

contracts Covid-19 forcemajeure vaccine

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We all know risk is associated with every contract. And, if you as a prime supplier novate a customer’s third-party contract(s), you increase risk to a great extent. Simply put, novation involves transferring one party’s rights and obligations under a contract to another party.

contracts contractmanagement Suppliers ITcontracts

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Last year, IACCM developed a new methodology for managing third party relationships. It is called the VCU Framework and at its core it is a tool to evaluate and manage uncertainty, while protecting value for both parties.  In December, we started work with a group of leading members to operationalize this exciting new approach.

IACCM contracts methodology VCUFramework IACCMmodel

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