Contract Risk and Opportunities Memo - Span Systems

Contract Risk and Opportunities Memo - Span Systems Milton RamosUniversity of PhoenixLAW 531 Business LawGroup: PA10MBA02Instructor: Michael TancrediJune 3, 2010Workshop 3, Assignment 3 Recognizing Contract PAGE \* Arabic 1Running Head: Recognizing Contract Risk and Opportunities MemoRecognizing Contract Risk and Opportunities MemoMilton RamosUniversity of PhoenixLAW 531 Business LawGroup: PA10MBA02Instructor: Michael TancrediJune 3, 2010Workshop 3, Assignment 3\MEMORANDUMTO: Span Systems ManagersFROM: Milton RamosDATE: June 3, 2010SUBJECT: Recognizing Contract Risk and OpportunitiesCC: Kevin Grant, Harold Smith,Span Systems has settled a dispute on a six million dollar contract with Citizen-Schwartz AG (C-S) one of Span Systems largest German banking customers. This conflict and misunderstanding placed on hold the potential e-CRM contract and threaten to engage Span Systems in legal action to protect intellectual property, our company image and the need to develop a defense for breach of contract. Leon Ther, C-S main negotiator threaten to rescind the transactional software contract for failure to deliver on time, for the high number of plaguing quality issues, an d the problems found during the testing phase.Blog entryIn addition to the rescinding of the contract Leon demanded the release of all unfinished code for the transaction software still owned by Span.Milton Ramos, Span Systems leading negotiator was assigned the responsibility to save the contractual agreement, mend the relation ship, evaluate Span's current position, provide supporting documentation, and discuss Span's position in the breach of contract claim. Making amendments to the existing contract and removing all ambiguous language that can be interpreted in an unreasonable manner against Span System was a key focus for corrective actions to limit the exposure on future disputes.As a result of Milton's findings and recommendations, project managers and directors will be under instruction to use board of review sessions for contract approval. Harold Smith and his legal team will revise, finalize and approve all proposed contractual agreements before they...