sopimusketju
Sopimusketju, or contract chain, is a term used in Finnish business and law to describe the network of legally binding agreements that connect multiple parties in a project or commercial arrangement. A Sopimusketju links a master contract with successive subcontracts, supplier agreements, service contracts, and distribution or licensing agreements. The concept emphasizes how rights and obligations flow through the chain, including assignments, novations, and the direct terms set out in the various documents, as well as how performance, remedies, and risk are allocated among involved parties.
Context and use: The concept is common in construction, manufacturing, information technology services, outsourcing, and procurement.
Structure and components: A contract chain may include a prime or main contract, subcontracts, supplier agreements,
Risks and practices: Challenges include conflicting terms, inconsistent performance standards, and cascading liability. Practical practices include