When it comes to IT contracts, the spotlight is often on the beginning or end of the lifecycle—drafting and renewal or termination. However, one of the most critical phases, often overlooked, is contract amendments. These updates ensure that agreements stay aligned with changing business priorities and regulatory landscapes, such as the Digital Operational Resilience Act (DORA). Contract amendments are not merely administrative tasks but strategic opportunities to renegotiate terms, ensure compliance, and protect business interests. This session explores both internal drivers, such as evolving business needs, and external pressures, like regulatory requirements, that necessitate amendments. Understanding the why behind contract changes can significantly strengthen your position during negotiations and help ensure outcomes that serve your organization’s best interests.
- How to identify when and why IT contract amendments are necessary?
- How to assess the impact of business needs and regulations on contract amendments?
- How to prepare for effective negotiations by understanding the motivations behind proposed changes?
- How to incorporate amendments seamlessly into your contract lifecycle management processes?
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