1. From the e-Activity, propose a methodology for assessing the risk in business contracts. 2. Analyze the potential downfalls of any team effort (e.g., free riders) and make at least one recommendation for minimizing risk. Provide specific examples to support your response. 3. Describe a company you would like to start and determine which form of ownership would be most appropriate given your current financial status. Explain your rationale. Document Preview: Risk Assessment of Business Contracts Vandana Kabilan* Hans Weigand** *Department of Computer and Systems Sciences Royal Institute of Technology and Stockholm University FORUM 100, SE 164 40 Sweden vandana@dsv.su.se ** Infolab, Tilburg University PO Box 90153, 5000 LE Tilburg The Netherlands H.Weigand@uvt.nl ABSTRACT: Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations. These business relationships are often governed through legal business contracts. Contracts are instruments in not only establishing the legality of the business relationships but also (1) to spell out the expected behaviour from all parties concerned, (2) to make explicit all the obligations and responsibilities that each party undertakes to fulfil and (3) to divide the potential risks and costs involved in the proposed business transaction so as to be a mutually satisfactory arrangement. In this paper, we focus on the risk assessment and evaluation of proposed business contracts. By analyzing the obligations and their fulfillment criteria as stipulated in the business contract and thereafter applying risk models, we propose a methodology for evaluating the suitability of a proposed contractual terms and conditions for a particular business organization. KEY WORDS: e-contracting, risk assessment, interoperability 1. Introduction Business organizations have been conducting business transactions for centuries. With the electronic revolution the mechanism for establishing these business and trade relationships have undergone drastic changes. Interoperable systems have become indispensable for supporting transaction execution. In the near future, they are expected to play increasingly a supporting role in the establishment of the2relationship as well. One of the supporting roles could be the establishment of trust. There are many factors that govern the formation of business relationships like business compatibility, value or Attachments: 10.1.1.105.51.pdf
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.
[order_calculator]