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Pactum: February 2006
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News and views on contracts, agreements and all the fine print in between. Monday, February 27, 2006. The Case of the Disappearing Contracts. Apparently 75% of US companies can't find 90% of their contracts. Gone. Missing. Lost. This is one of the more sensational stats to be found in a recent article on post-contract management. At SupplyManagement.com. It's an interesting look at who's doing what when it comes to managing contracts once the ink is dry. At last. the missing contracts. 24/2/2006, p12) so...
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Pactum: FSA Goes Soft on Contract Certainty
http://pactum.blogspot.com/2007/01/fsa-goes-soft-on-contract-certainty.html
News and views on contracts, agreements and all the fine print in between. Thursday, January 25, 2007. FSA Goes Soft on Contract Certainty. I always thought "certain" meant 100% certain. How can something be "certain" if it's only 90% certain? It just doesn't sound right. But who cares what I think. In the London insurance market, it's what the FSA thinks that matters. And it turns out that 90% certain is certain enough. That the industry has done enough to dodge the bullet of regulatory intervention.
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Pactum: How to Waste $34 Billion on Homeland Security
http://pactum.blogspot.com/2006/09/how-to-waste-34-billion-on-homeland_06.html
News and views on contracts, agreements and all the fine print in between. Wednesday, September 06, 2006. How to Waste $34 Billion on Homeland Security. For some good ideas about what not. To do, government procurement officials would do well to read the US House of Representatives Committee on Government Reform report: Waste, Abuse, and Mismanagement in Department of Homeland Security Contracts. 32 contracts valued at over $34b involved significant overcharges, wasteful spending or mismanagement;. Too o...
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Pactum: October 2006
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News and views on contracts, agreements and all the fine print in between. Monday, October 30, 2006. Clean Contracting is Scary as Hell. According to the Coalition for Government Procurement (a vendor lobby group in the US), the Clean Contracting Act. Proposed by Democrat Rep. Henry Waxman is "scary as hell". Sounds pretty bad. So what's in this bill that has the vendor community all in a tizz? According to a recent article. By banning monopoly contracts. By reducing the use of cost-plus contracts. A rar...
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Pactum: March 2006
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News and views on contracts, agreements and all the fine print in between. Wednesday, March 08, 2006. Billion Dollar Documents Back in Court. What's the price of an ambiguous insurance contract? About a billion dollars in the case of Larry Silverstein's policy over the World Trade Center's Twin Towers. That's a billion good reasons to get the fine print right. One or two events that changed the world. Over a billion US dollars. Now, both side are appealing. It pays to get the fine print right. Accused th...
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Pactum: Clean Contracting is Scary as Hell
http://pactum.blogspot.com/2006/10/clean-contracting-is-scary-as-hell.html
News and views on contracts, agreements and all the fine print in between. Monday, October 30, 2006. Clean Contracting is Scary as Hell. According to the Coalition for Government Procurement (a vendor lobby group in the US), the Clean Contracting Act. Proposed by Democrat Rep. Henry Waxman is "scary as hell". Sounds pretty bad. So what's in this bill that has the vendor community all in a tizz? According to a recent article. By banning monopoly contracts. By reducing the use of cost-plus contracts.
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Pactum: Everything You Ever Wanted to Know About Precedent Automation
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News and views on contracts, agreements and all the fine print in between. Thursday, October 26, 2006. Everything You Ever Wanted to Know About Precedent Automation. But were too afraid to ask. Precedent automation. Document assembly. Online legal services. Disruptive innovation. Precedent economics. It was all under the microscope in Sydney last week at the Precedent Automation Conference. So, are we facing a revolution in the delivery of legal documents? At a more practical level, Seth Rowland. Skyped-...
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Pactum: August 2006
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News and views on contracts, agreements and all the fine print in between. Friday, August 18, 2006. Five Contract Myths Debunked. When a lawyer explains how dangerous it is to draft your own contract, I'm reminded of the famous words of Mandy Rice-Davies. Well, he would say that, wouldn't he? But sometimes it pays to heed these lawyerly warnings. It might save you from the legal equivalent of stumbling blindly into the middle of a mine-field. Not somewhere you want to be. Paraphrasing, the myths are:.
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Pactum: Are Governance Standards the Solution to IT Contract Blowouts?
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News and views on contracts, agreements and all the fine print in between. Wednesday, November 15, 2006. Are Governance Standards the Solution to IT Contract Blowouts? An attention-grabbing article in The Australian IT. Whatever the solution, the horror stories are classic tales of deals gone wrong:. In the second case, a technology deal was done over a few beers in a London pub. It was supposed to cost $2M. It ended up costing over $12M. The manager responsible was fired for secretly milking...
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Pactum: Contract Certainty by Stealth
http://pactum.blogspot.com/2006/10/contract-certainty-by-stealth.html
News and views on contracts, agreements and all the fine print in between. Tuesday, October 24, 2006. Contract Certainty by Stealth. With Lloyd's having tried and failed. With the big bang approach to taking its insurance market online (Kinnect was shut down earlier this year), things are now happening by stealth. Or STEALTH. As Guy Carpenter calls its new online system. "Sabotage and Terrorism Electronic Application Linked to Hiscox". Posted by Jamie Wodetzki. Subscribe to: Post Comments (Atom).