Procurement

What happens if we stop trading

The most legitimate question a buyer asks a small vendor, and it should not be answered with reassurance. It is answered with clauses.

01

Four things, all in the contract rather than in our word

The contracting party is a company, not a person
You contract with an entity in your own jurisdiction where the deal requires it.
Source-code escrow
If we stop trading, you get the code. It is a clause with a named agent, not an intention.
A data-export clause
At any point, for any reason, you get everything in a format you can read without us. Not a support request — a right.
A named local co-signatory on delivery
So the delivery obligation does not rest on one person being reachable.

02

What we cannot tell you

That we are a large company. We are not, and pretending otherwise would fail at the first reference check. What we can tell you is exactly what happens if we fail, which is a conversation worth having before signature rather than discovering in the terms.

The pilot is one season, not three years. You get a decision point at the end with your own numbers in front of you. We would rather earn year three than contract for it.