Scope and deliverables
The agreement should clearly identify what each party must provide, when it must be provided and what standards apply.
Payment and commercial terms
Payment triggers, taxes, expenses, credit periods, set-offs and consequences of delay should be clear.
Risk allocation
Indemnities, warranties, limitation of liability, insurance and force majeure provisions can materially affect the commercial risk.
Termination and dispute resolution
The contract should explain when and how the relationship can end and how disputes will be addressed.
This article is provided for general information and should not be treated as legal advice. The application of law depends on the facts and circumstances of each matter.