Loading...
 
 

Making Contracts Work

Published: 15 Mar 2012 Average Rating: unrated Print
 
This article appeared in Contracting Excellence magazine on 15 Mar 2012 view edition
 

IACCM Proactive Law Group's Helena Haapio recognized at leading European conference

IACCM member and leader of the Proactive Law group, Helena Haapio, was selected as a finalist for the LexisNexis Best Paper Awards 2012, and her paper achieved a top three position. This achievement reflects the growing international recognition that traditional contract practices must change in order to make contracts more understandable - and  thereby far better at managing risk.

IACCM Proactive Law Group's Helena Haapio recognized at leading European conference

IACCM member and leader of the Proactive Law group, Helena Haapio, was selected as a finalist for the LexisNexis Best Paper Awards 2012, and her paper achieved a top three position. This achievement reflects the growing international recognition that traditional contract practices must change in order to make contracts more understandable - and thereby far better at managing risk.

Held at the recent IRIS 2012 Conference in Salzburg, the judging panel recognized Helena's paper, entitled 'Making Contracts Work for Clients; towards Greater Clarity and Usability', as one of the top three entries.

In the paper, Helena writes that 'while some contracts may need to work as evidence in court, most contracts do not. Instead, they need to work for the parties so they get the results they want to accomplish. Yet this is not what guides most of today's contract design.'

Legally 'perfect' contracts that seek to allocate all risk to the other party, Helena observes, 'may not work as intended'.  Difficulties in reading, understanding and implementing such contracts can lead to a host of business and legal problems.

This, Helena concludes, means that contract drafters must focus on the usability of both consumer contracts and commercial contracts - viewing them not just as legal tools but also as business tools. The paper goes on to highlight new methods to improve the clarity and usability of contracts, and proposes information design and visualisation - adding tables, charts, and images to supplement text - as promising new ways that can help in this venture.

Read more (in German only) at http://www.ots.at/presseaussendung/OTS_20120306_OTS0068/lexisnexis-best-paper-award-praemiert-beste-arbeit-der-iris-2012-bild or contact Helena at www.lexpert.com

 Learn more about Helena's work with the IACCM Proactive Law Group at www.iaccm.com/gp/proactive

 
 
 

Related Discussions

Please sign in or register to post on this forum

The Boeing Company
2020-07-29 17:48:12

Modular Contracting Discussion / Help Needed!

HI: I would love to chat about your entity's experience with implementing a Modular Contracting system. From a look, feel, and integration perspective, I am par...
 
 
 
 
Replies: 3

Seplat Petroleum Development Company Plc
2020-03-30 21:29:36

Legal department approach to risk

I have been having a running battle with the legal department in the company where I work for over nine months, on the need to have a simplified contract document o...
 
 
Replies: 1

STC Solutions
2020-08-27 12:28:02

Procurement

very in interesting subject
 
 
Replies: 1

Vodafone UK
2020-08-26 08:50:46

End of Life hardware costs

Recently, when reviewing the costs built up in a Service & Support contract noticed we had accounted for an "excessive" amount of hardware upgrades. I th...
 
 
 
 
Replies: 3

Dstl
2020-08-12 06:46:49

The end of Procurement

Hello Tim I found your article very interesting. I agree that procurement struggled for years to prove its real value, and it is still struggling. Firstly. Until the ...
 
 
Replies: 1
Anonymous
2020-08-07 15:20:11

Order Precedence: PO Terms vs MSA Terms

Hi, in case no precedence term is set and/or agreed in any documents including MSA, which term (PO or MSA) will take precedence and the legal ground behind it. Can so...
 
 
 
 
Replies: 3

Babcock International Group
2020-07-03 13:37:48

The increasing costs of negotiating a contract due to the uncertainty surrounding Brexit

The company I work for has boiler plate contracts to use as templates, however these are adapted to ensure a more tailored approach, depending on the individual opport...
 
 
Replies: 1

W.W. Grainger, Inc.
2020-06-14 19:11:25

Ask the Expert / MOOC Call 2: So you want to be a Contract 'n' Commercial Star?" and find it to be very informative and useful.

Listening now to Rod Wade's message as part of the MOOC's week 2 activity studies. Including Melissa Kargiannakis', founder and CEO of skritswap, words...
 
 
Replies: 1

BC Hydro
2020-05-28 19:38:24

Pricing Trends for major equipment and engineering services

Is there any research available here on pricing trends for major equipment, related transport and engineering? If someone could point me to a report or reliable source...
 
 
 
Older entries »
Replies: 2