Managing IT Projects

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Contracts Details
Irrespective of whether you are investing in hardware, software or services, purchase contracts should cover the following matters:

 

Parties and effective date

Entire Agreement, including specifications, tender submissions, pricing schedules and other attachments.

Equipment - sale or lease
If Lease
Where the equipment is to be located and what it is to be used for
Rent
Term of lease
Surrender of equipment
Loss and damage penalties and responsibilities

Software
Escrow and modification of source code
Improvements and additions and other modifications
Ownership of software
Delivery and installation
Acceptance tests and Acceptance date
Warranties
Operating Software product licence
Indemnities
Termination
Consequential damages
Seller's support to buyer; training
Supplies
Documentation reproduction
Taxes
Insurance
Confidentiality
Assignment

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