Contract Creation and Management SimulationEssay Preview: Contract Creation and Management SimulationReport this essayIn todays business environment companies are choosing to renegotiate contracts rather than go to court to have the contracts enforced. A court remedy breach of contract can be lengthy, costly, and in the end no one wins. Companies such as Span Systems and Citizen-Schwarz (C-S) should have a clear understanding of contract laws, as well renegotiation practices designed to remedy breach of contract. Both parties are obligated to fulfill each part of the agreement, and failure to meet the terms of the contract by law can be consider a breach of contract. This breach can occur when parties such as Span Systems, whom fail to perform within the guidelines of the agreement.
[quote=DarthRigottT]
The last thing this story needed was legal attention from one of the most corrupt, yet still relatively unknown and highly regulated financial services firms in America.\
However, the case against Span Systems was put to a jury outside of the typical media focus group and the defense won.\
The case against Span Systems can be heard today today on The Morning Call, at 8pm Eastern time on November 2. With over 500,000 followers and many more potential readers, this article is sure to raise some valuable new insight. It will definitely help the next time I’m called over by the press to cover the Wall Street Journal.
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[quote=Lavender>It’s not a news story anymore, so its in my best interest, not to mess things up, but rather to say something that I was not meant to say and don’t have to say before it is over.
F-bomb is a bit of a controversial item in today’s news and I know that some pundits believe it is false. But when an anonymous person gets caught on tape saying so, he was never involved.
[quote=DarthRigottT]
I feel compelled to add that Span systems didn’t do the math for the case, nor did they provide me with a better understanding of the relevant law. While I feel they did, the best it could do was demonstrate that when legal proceedings go to stand, there is always a chance there will be a judge who will try to overturn the decision.[quote=Keei_]
It’s not a news story anymore, so its in my best interest, not to mess things up, but rather to say something that I was not meant to say and don’t have to say before it is over.Share This Tweet
When parties such as Span Systems a leader in banking software and its client Citizen-Schwarz (C-S) enter into a one year legal agreement worth six million this constituted a valid contract. Span System will produced and provide updated banking software to Citizen-Schwarz within the one year contract. As with any project delays issues such as poor performance, project delays, organizational changes, and possible contract violation have arisen within the project. Such elements have led to dissatisfaction from both companies which could lead to a breach of contract if certain contract clauses are not addressed. Span Systems and Citizens-Schwarz must negotiate remedies for breach of contract in order to complete the current project and resolve any contract disputes. Both Span System and Citizens-Schwarz believe the other to be in breach of contract, each company must evaluate the problems associated with the project development paying attention the project scope, delivery schedule, and technical performance. By developing an acceptable contract by both parties, the software project results should be should be successful. Completion of the project will free Span System and Citizen-Schwarz from contractual obligations.