Navigating Commercial and Government Contracts
About the Panel
Description: Understanding the basics of commercial and government contracts is crucial for emerging start-ups in order to build capabilities and avoid costly missteps. This knowledge can provide clarity by ensuring contracts are clear, expectations are defined, and business’s interests are protected, all while helping to prevent disputes and potential liabilities. With the dynamic and fast-paced nature of start-ups, knowing potential pitfalls ensures that agreements are compliant with relevant laws and enforceable, giving businesses the peace of mind to focus on growth and innovation. Investing in this knowledge early on can save significant time, money, and stress in the long run.
Skills gained: Risk management: identifying potential risks and incorporating practices to mitigate them to protect the business
Compliance awareness: knowledge of the legal guardrails and how to build a legally sound culture and company
Negotiation skills: improved understanding of legal parameters equips businesses to negotiate more favorable contract terms
Strategic planning: avoiding legal issues to help align contracts with long-term objectives
