Contract Management: Understanding Business Contracts

Liberalisation and globalisation of the Indian economy,and consequent outsourcing, in the past decade have led to rapid proliferation in contractual relationships. As a result, managing contracts for supply of goods and services has become a dominant activity for the managers in both, public and private sectors – making it imperative for them to understand the subject to optimally manage contracts. Contract Management: Understanding Business Contracts facilitates understanding of contract business practices and contractual relations, which otherwise appear technical and inaccessible to private and public sector executives. Written in a lucid style, the book covers the entire range of issues and themes managers encounter – from formation of contracts, forfeiture of security deposit, contract with government bodies, quality of goods to impossibility of performance, damages and compensation, termination of contracts, and domestic and foreign arbitration. The book also encourages the reader to discover the commonsense principles and trace the development of the contract law, from the simple to complex. The themes are discussed with reference to the judgements from the courts. Legal professionals would also value this book, as in a single volume, it comprehensively deals with all aspects of commercial contracts and reviews over 300 leading judgements. Thus, the book would serve as a reference and guide book.