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Extended contract and stricter terms for firm managing Malaysia’s migrant labour entry: Minister


Contracts Law & Service Level Agreements for Non-Legal Professionals


Businesses heavily rely on contracts and must employ robust strategies to effectively manage the risks associated with contracts and outsourcing to maximize the likelihood of successful partnerships and projects.

 

Effective risk management in contracts and outsourcing entails critical strategies such as clearly defining scope and objectives, conducting thorough due diligence, establishing clear terms, identifying and mitigating risks, implementing indemnity, monitoring performance, outlining dispute resolution procedures, and devising exit strategies.
 
Understanding key terms and obligations within Singapore's legal framework is crucial to preventing lengthy and costly legal disputes. Considering how non-legally trained professionals might perceive these terms and their legal implications is essential in ensuring smooth operations and successful partnerships.





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