Today, contracts are mostly viewed as a prenuptial agreement with focus on obligations, penalties and exit clauses. They primarily cover what should happen when things go wrong. Instead, contracts should be looked at like marital vows, giving all stakeholders an opportunity to adjust, change and adapt - a handbook for making it work.
Host Matthias Toppert is joined by Richard Beaumont, Managing Director at Bromley Wood Associates, and ex VP of Procurement at Rolls-Royce. They discuss how different teams covering legal, procurement, commercial and contract management can align and work towards a common goal.
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