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Most negotiated contract terms of 2020 focused on limitation of liability

yurolaitsalbert/Adobe Stock Unforeseeable circumstances brought on by the coronavirus pandemic added significant pressure on companies this year as executives had to adapt, and supply chains were strained globally. A new report by Icertis, a provider of contract lifecycle management technology, evaluated the extent to which the crazy year dominated by the pandemic affected negotiated contract terms. The report, “2020 Most Negotiated Contract Terms,” aims to help organizations better understand and manage their contracts. It draws from a survey of 8,000 negotiators, considering the most negotiated contract terms in 2020. The report highlights findings about commercial and contracting professionals, as well as the need to quickly adapt to unpredictable business disruptions.

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