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Legal Analysis of Contract Management for Effective Supply Chain Administration: The Indian Perspective
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Author(s): Purna Prabhakar Nandamuri (IFHE University, India), Annapurna Devi Munaganti (IFHE University, India)and Rekh Raj Jain (IFHE University, India)
Copyright: 2019
Pages: 19
Source title:
Emerging Applications in Supply Chains for Sustainable Business Development
Source Author(s)/Editor(s): M. Vijaya Kumar (National Institute of Technology Warangal, India), Goran D. Putnik (University of Minho, Portugal), K. Jayakrishna (Vellore Institute of Technology University, India), V. Madhusudanan Pillai (National Institute of Technology Calicut, India)and Leonilde Varela (University of Minho, Portugal)
DOI: 10.4018/978-1-5225-5424-0.ch013
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Abstract
Modern businesses have rapidly been transforming to become more competitive by developing competitive advantage through focusing on the core business and outsourcing what is not vital to the principal objective to third party agencies. Thus, the relevance of third party supply chain systems has augmented spawning the necessity to establish an effective legal framework for efficient contract management at national and international levels. The present chapter critically analyzes the Indian perspective of contract management for effective supply chain administration by presenting the legal provisions and case laws pertaining to various aspects of supply chains such as contract formation, unenforceable contracts, UNCITRAL model law, law of agencies, contract indemnity, contractual liability of third party, performance of contracts, international commercial terms, CISG convention, legal bases for recognition of electronic records, and the dispute resolution system through various institutions.
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