The following TMT practice note Produced in partnership with Bristows LLP provides comprehensive and up to date legal information covering:
One certainty of any outsourcing deal is that it will end. So while not planning for failure, outsourcing contracts should be structured so that they address the need for an orderly move to the next stage after their termination (whether for convenience or due to a default) or on their planned expiry date.
Addressing the exit process in the outsourcing contract is essential.
Furthermore it is vital that the customer holds the supplier to its contractual obligations to plan for exit during the term of the contract such that it can be quickly invoked in the event of termination or expiry.
Doing so should mean that:
both parties (and any new or successor supplier) find themselves in a better position following the exit or service transfer than if these matters are not addressed, and
even if the exit process does become contentious (as it often does), a well laid out set of exit obligations, and a clear understanding as to the costs, ought to assist the parties in resolving issues
The key concern that needs to be addressed at the end of an outsourcing contract is the danger of failing to ensure a smooth transfer from an incumbent supplier to either a new supplier (a re-tendering or second-generation deal) or back in-house to the customer (so-called in-sourcing).
Failing to address this issue exposes the customer in
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
The offence of causing grievous bodily harm with intentWounding or causing grievous bodily harm (GBH) with intent is triable only in the Crown Court on indictment. Elements of the offence Under the Offences against the Person Act 1861 (OATPA 1861), the prosecution must prove the defendant unlawfully
Part 8 of the Corporation Tax Act 2009 (CTA 2009) is a specific corporation tax regime that applies exclusively to the gains and losses of intangible fixed assets. Note, however, that certain intangible fixed assets are excluded from the regime, see Practice Note: Excluded intangible fixed
What is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House of Lords decision in Re G
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.