What Is A Contract Risk Agreement

These forms of obfuscation can cause a contract to be weaker than necessary or not to work as intended, which can lead to friction between the parties, higher costs, and unpredictable, unexpected, undesirable, unacceptable contract outcomes or all of the above. The occurrence of risks that the other party faces can be extremely difficult to manage, and the consequences can be long-lasting. However, if the other party does not manage the risks assigned to you, the responsibility for risk management may lie with the contract provider, as the occurrence of the risk usually affects both parties. Contract providers who behave in this way may regret it. The other party may very well challenge such an attitude and become suspicious and adversarial in their relationship if costs rise or they face other difficulties, or even if they are not actually affected by the contractor`s risk attribution measures. . . .

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