Peyman Vaziri - Kish International Campus, University of Tehran, Iran

Still, one of the most basic and often overlooked questions is about contract risk planning. If the scope, technical implications or requirements of a contract are not clear, everything will be opaque. This risk is for the buyer because it was paid for what was not due and for the seller may lead to payment by the buyer or the buyer's claim for damages or termination of the contract. As discussed earlier, contractual disputes arise when one or both parties feel that their rights have been violated. Managing expectations is essential and requires effective communication. For the seller, this includes understanding what the buyer or customer wants, guiding the buyer to what the seller can provide, and clarifying what can be done in the contract. Sometimes it is to reassure the parties by each other of delivery restrictions and what is not available and whatever is within the scope of a contract or outside of it. Effective and transparent communication about the scope of work, technical specifications and requirements promotes the expectations of both parties and reduces the likelihood of failure of one party's activities that lead to frustration of the other party.

risk, Contract, Oil and gas industry, Management, planning