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Agony Uncle

November 30, 2024
In supply contracts can we include penalties for delays?

Question: “We’ve just signed a big supply contract, but now the vendor is delaying deliveries. The agreement doesn’t clearly define penalties for delays. Is there a way to fix this or protect ourselves moving forward?” Answer: Ah, the classic “missing penalty clause” predicament—a favorite among vendors who test your patience and inventory levels simultaneously. First,...

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