In this episode of "Untangled," featuring AV, the conversation delves into the complexities of forming professional service agreements with software vendors, focusing on Software as a Service (SaaS) offerings. AV highlights the need to outline specific requirements, payment arrangements, risk mitigation strategies, and crucial contract terms like 'go live' dates. Additionally, AV advises against the full payment of contract values upfront, suggesting that payments be linked to achieving certain milestones. The discussion also touches upon warning signs in contract negotiations, including scenarios where vendors might cause confusion or engage with multiple contacts within an organization. The topic of contract termination and the possibility of litigation following the failure of a software project is also broached. AV wraps up by stressing the vital role of clear definitions and agreements in the contract's initial stages to bolster the project's likelihood of success.
Stay up to date on industry trends!
Download our free eBook:
➡ https://bit.ly/2023techguide
Learn More About Avero:
➡ https://www.averoadvisors.com
Connect With Us:
LinkedIn: https://www.linkedin.com/company/averoadvisors
Facebook: https://www.facebook.com/averoadvisors
Instagram: https://www.instagram.com/averoadvisors
TikTok: https://www.tiktok.com/@averoadvisors
Connect With AV:
LinkedIn: https://www.linkedin.com/in/verekar
(865) 415-3848 | info@averoadvisors.com
In this episode of "Untangled," featuring AV, the conversation delves into the complexities of forming professional service agreements with software vendors, focusing on Software as a Service (SaaS) offerings. AV highlights the need to outline specific requirements, payment arrangements, risk mitigation strategies, and crucial contract terms like 'go live' dates. Additionally, AV advises against the full payment of contract values upfront, suggesting that payments be linked to achieving certain milestones. The discussion also touches upon warning signs in contract negotiations, including scenarios where vendors might cause confusion or engage with multiple contacts within an organization. The topic of contract termination and the possibility of litigation following the failure of a software project is also broached. AV wraps up by stressing the vital role of clear definitions and agreements in the contract's initial stages to bolster the project's likelihood of success.
Stay up to date on industry trends!
Download our free eBook:
➡ https://bit.ly/2023techguide
Learn More About Avero:
➡ https://www.averoadvisors.com
Connect With Us:
LinkedIn: https://www.linkedin.com/company/averoadvisors
Facebook: https://www.facebook.com/averoadvisors
Instagram: https://www.instagram.com/averoadvisors
TikTok: https://www.tiktok.com/@averoadvisors
Connect With AV:
LinkedIn: https://www.linkedin.com/in/verekar
(865) 415-3848 | info@averoadvisors.com