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Change Management in Commercial Contracts (Part 2)

By on June 16, 2017 in Commercial, Contracts

In the second part of a series on change management in commercial contracts, Morgan, Lewis & Bockius LLP discusses the procedural mechanisms for managing change.

“In addition to classifying changes and allocating costs, outsourcing agreements and other long-term service agreements should include a defined set of procedures for documenting and implementing changes,” write partner Peter M. Watt-Morse and associate Glen W. Rectenwald.

The explain that agreements should, at a minimum, contain key procedural issues, such as mandatory changes, emergency changes, permissive changes and disputes. The article also covers the mechanism for making the change.

Read the article.

 

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