ISM Magazine — February 2019

Strategic Contracts: Clearly Defined and Measurable Desired Outcomes

The next in Kate Vitasek’s series on the Five Rules/Ten Elements published by ISM.

Vested’s Rule No. 3 for creating a Vested agreement directs the parties to clearly define and measure their desired outcomes. There are two contractual aspects when it comes to how an organization should do this. Element 4 deals with the actual performance metrics, and Element 5 pertains to how the parties will manage ongoing performance…

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