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Solving solvency how to safeguard against a partner's financial fortunes

By: Language: English Series: Property Forecast ; July 2008, 14-15(2)Publication details: 2008Subject(s): Summary: Considers the steps a customer can take to protect against the risk of a supplier to outsourced services becoming insolvent. Covers: performance bonds; consideration of payment terms; trigger events; additional rights; direct agreement with subcontractors or funders; exit provisions; hardware; software/IPR; records and data; supply and licensing contract; transactions that can be set aside.

Considers the steps a customer can take to protect against the risk of a supplier to outsourced services becoming insolvent. Covers: performance bonds; consideration of payment terms; trigger events; additional rights; direct agreement with subcontractors or funders; exit provisions; hardware; software/IPR; records and data; supply and licensing contract; transactions that can be set aside.