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IT Contracts
include equipment lease agreements, software license
agreements, vendor service agreements and technical support agreements.
All agreements for IT products and services, regardless if they are formal written
documents or simple verbal commitments, can be considered IT contracts. All IT contracts
present specific risks and opportunites that demand careful consideration.
Risk and Performance Management
- IT contracts can be effective mechanisms for ensuring high quality
vendor and service provider performance. Conversely, poorly executed
contracts can result in missed performance expectations and
business financial impacts. Prior to executing any IT contract,
the language should be reviewed and the terms negotiated. Once
a contract is in force, periodic reviews should be performed to
ensure that the terms remain in the best interest of the business.
It is also
important for someone to understand the collective terms of
all IT-related contracts to prevent conflicts and make recommendations
for extending, renegoiating or terminating contracts as appropriate.
K2
Technical Services provides
the expertise to oversee and manage
all types of IT contracts. These services include:
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Contract Audit and Oversight
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Contract Negotiation
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Contract Legal Review
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