Contract
Reviews:
The
assumption or transfer of risk in leases, purchase orders, professional
contracts, construction contracts and other agreements must be founded upon
an understanding of the risks inherent in the scope of the contract. The
party most capable of assuming the risk will be considered in the indemnity,
surety and insurance language. It is often inappropriate to transfer the
greatest amount of risk to others because of the increasing cost or restriction
of suppliers, contractors or other service providers. WRISC, Inc.
can assist its clients in creating cost effective contract models.
