Given the complexities involved in global sourcing, what is the most critical aspect a company should focus on when drafting global sourcing contracts to protect its interests Question 2 3 Answer a Avoiding clauses related to currency exchange to simplify negotiations b Ensuring the contract is lengthy and comprehensive, covering all possible scenarios c Clearly defining risk allocation and responsibilities for issues such as delivery delays and quality failures d Relying on standard contract templates to expedite the procurement process

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Question: Given the complexities involved in global sourcing, what is the most critical aspect a company should focus on when drafting global sourcing contracts to protect

Given the complexities involved in global sourcing, what is the most critical aspect a company should focus on when drafting global sourcing contracts to protect its interests?

Question

23

Answer

.

Avoiding clauses related to currency exchange to simplify negotiations

.

Ensuring the contract is lengthy and comprehensive, covering all possible scenarios

.

Clearly defining risk allocation and responsibilities for issues such as delivery delays and quality failures

.

Relying on standard contract templates to expedite the procurement process

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