A contract is just one of several tools used by both supplier and customer to manage risk. Contracts create a formal framework for cooperation. As such, they can be decisive.
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Contracts are risk management
To the point advice
Every delivery involves risk. Not just risk of product defects or delays, but risk also for a business. If a significant delivery
goes sufficiently wrong, it can damage or even break the business. This may be the case for the customer as well as the supplier.
