Building resilience in your contracts series | Eversheds Sutherland

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Building resilience in your contracts series

November 18, 2024

Global
Global
Global
The global supply chain network has been subject to increased pressure in the past few years, particularly due to geopolitical events and the pandemic. 

A key focus for businesses is maximizing their resilience. It is important to be aware of market conditions and evaluate how your supply chain might respond to risk, so you can easily navigate through issues that arise in the future.

How resilient are your contracts to changing prices? - Part 1

In this first part of three, discover:

  • back to basics: understand key pricing terms and their implications
  • pricing mechanisms: explore various methods to set and adjust prices
  • sector-specific insights: learn about unique pricing strategies across different industries

Varying prices once a contract is underway - Part 2

Among the topics we discuss are:

  • Variations: Handling additions, substitutions, and descoping
  • Change Mechanisms: Clear parameters for price changes
  • Fluctuation Provisions: Adjusting prices to reflect market changes
  • Managing Exchange Rate Fluctuations: Sharing risks and ensuring clarity

Dealing with pricing disputes - Part 3

In this final instalment, we discuss:

  • Immediate Steps: How to address pricing disputes right from the start
  • Key Contractual Provisions: Essential clauses to consider during a dispute
  • Dispute Resolution Mechanisms: Effective ways to resolve conflicts
  • Commercial Impact: Evaluating the broader business implications

The materials on the Eversheds Sutherland website are for general information purposes only and do not constitute legal advice. While reasonable care is taken to ensure accuracy, the materials may not reflect the most current legal developments. Eversheds Sutherland disclaims liability for actions taken based on the materials. Always consult a qualified lawyer for specific legal matters. To view the full disclaimer, see our Terms and Conditions or Disclaimer section in the footer. Eversheds Sutherland is a provider of legal and other services operating through various separate and distinct legal entities. For further information about these entities and Eversheds Sutherlands' structure please see the Legal Notice page of this website.

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petermccormack@eversheds-sutherland.com

Peter McCormack

Partner

United Kingdom

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