Lessons Learned from Contract Failures

This presentation explores the critical lessons derived from real-world contract failures. It begins by identifying common causes such as unclear scope, poor risk allocation, non-compliance, and ineffective communication. Using actual case studies fr

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Uploaded on Jun 16, 2025 | 1 Views

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Presentation Transcript

1. Lessons Learned from Contract Failures Avoiding Pitfalls in Contract Management Presented by: LDM Global

2. Common Causes of Contract Failures Poorly Defined Scope and Deliverables Inadequate Risk Allocation Lack of Compliance with Legal/Regulatory Requirements Ineffective Communication Between Parties Missed Deadlines and Poor Performance Monitoring

3. Real-World Examples Example 1: Construction Contract Overruns Vague timelines and change order procedures Result: Legal disputes and cost overruns Example 2: IT Outsourcing Failure Misaligned expectations and SLA gaps Result: Early termination and reputational damage

4. Key Takeaways & Best Practices Always define clear terms, KPIs, and dispute mechanisms Conduct risk assessments before signing Ensure regular audits and compliance checks Foster open communication and transparency Use modern Contract Lifecycle Management (CLM) tools LDM Global: Empowering smarter, safer contracts through insight and experience