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Prevent Costly Contract Terminations by Mastering Proactive Management and Negotiation Tactics, Advises Info-Tech Research Group in New Resource

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2 years ago

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Info-Tech Research Group’s latest resource is designed to guide organizations through the complexities of contract negotiation and exit planning, providing essential insights to navigate and avoid the pitfalls of unfavorable agreements. By focusing on proactive management and strategic foresight, the firm’s blueprint aims to empower organizations with the knowledge needed to successfully handle and mitigate contract-related risks.

TORONTO, Sept. 9, 2024 /PRNewswire/ – Organizations often find themselves trapped in complex vendor contracts that are difficult to exit without significant loss. The challenges of navigating these agreements highlight the critical need for strategic foresight and planning. To help the teams navigating these obstacles, Info-Tech Research Group has published its latest blueprint, Getting Out of a Bad Contract Starts Before You Get Into It. The newly published resource offers vital insights from the firm’s analysts and research for organizations aiming to manage these contract risks. This comprehensive study also provides essential tools for proactive vendor management, as well as detailed strategies for effective contract negotiation and exit strategy development to ensure organizations can avoid the pitfalls of detrimental partnerships.

“Termination often seems like our best or only option when a contract or vendor is not meeting our needs. However, terminating a contract is not an endeavor that should be taken lightly,” says Phil Bode, principal advisory director at Info-Tech Research Group. “This process can disrupt the organization on many levels and may not solve our problems. In addition, it can get messy if the only alternative is to terminate the contract and pursue a lawsuit.” 

The firm’s resource explores the complex challenges of contract termination, highlighting that while signing a contract may be swift and straightforward, ending one often becomes daunting. Many organizations find themselves in situations where their termination rights are so limited that they feel trapped in long-term commitments with no clear way out. This challenge is often compounded by legitimate reasons for early termination, such as realizing too late that the wrong vendor was chosen or dealing with the disruptive impact of poor vendor performance on critical operations. Info-Tech’s blueprint underscores the importance of strategic planning and proactive management to effectively navigate these complexities.

In the new blueprint, Getting Out of a Bad Contract Starts Before You Get Into It, Info-Tech outlines three critical stages of contracting and provides actionable recommendations for enhancing contract terms and termination options:

Stage 1 – Before the Contract Is Executed

Effective requirements gathering is essential to prevent costly change orders and project failures. When requirements are poorly defined, organizations risk suboptimal outcomes or even project collapse, which may necessitate contract termination. To mitigate these risks, Info-Tech suggests leveraging cross-functional teams and prioritization methodologies to ensure all key stakeholders’ needs are addressed and inconsistencies are identified. Requirements should cover technical, business, and legal aspects to provide a comprehensive foundation.

Stage 2 – During Contract Review and Negotiation

Strategic planning during contract review and negotiation is vital to addressing the complexities of contract termination. Incorporating flexibility and accountability into vendor agreements is crucial. The firm advises establishing a termination checklist or playbook as part of a robust contract management strategy, enabling organizations to manage vendor relationships with confidence and foresight.

Stage 3 – After the Contract Is Executed

Post-execution contract management requires promptly identifying issues and taking corrective measures to prevent escalation. Maintaining open communication with vendors fosters collaboration and improves performance. If termination becomes necessary, it’s critical to have a strategic transition plan considering the psychological and financial impacts on the organization.

Info-Tech’s comprehensive study is designed to equip organizations with essential tools for proactive planning and strategic vendor management, helping them avoid the pitfalls of unfavorable contracts. By leveraging these expert insights, the firm explains that organizations can develop effective contract exit strategies and sharpen their negotiation skills, ensuring they are well-prepared to navigate complex vendor agreements successfully.

For exclusive and timely commentary from Phil Bode, an expert in vendor management practice, and access to the complete Getting Out of a Bad Contract Starts Before You Get Into It blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024 Conference

Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or gain access to research and expert insights on trending topics, please contact pr@infotech.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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SOURCE Info-Tech Research Group

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LEAP Group Relaunches HumanView, a Growth Intelligence System Built to Explain Why Customers Behave the Way They Do

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7 hours ago

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October 24, 2026

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Reimagined from the ground up, HumanView pairs statistical modeling with expert analysts to turn millions of real-world customer signals into business decisions

LOUISVILLE, Ky., Oct. 23, 2026 /PRNewswire/ — LEAP Group today announced the relaunch of HumanView, its growth intelligence service. The new version has been rebuilt from the ground up and now has a dedicated home at leapgroupnetwork.com/humanview.

HumanView analyzes what customers say and do across social platforms, e-commerce sites, review platforms, search behavior and user-generated content, including signals from Reddit, TikTok, YouTube, Meta, Amazon and Walmart+ that general AI tools cannot always access. Because the data reflects unprompted, real-world behavior, it avoids the response bias built into surveys and focus groups.

The service works in three layers. HumanView captures signals at scale, decodes millions of records through validated statistical models such as regression, correlation and clustering, and then relies on experienced analysts to interpret the patterns. Clients receive clear, human-validated insights instead of another dashboard.

“Machines find the patterns. Humans find the point,” said Alan Gilleo, CEO at LEAP Group. “The first version of HumanView showed us how much customers reveal when nobody is asking them questions. This version is built to explain why they act the way they do, and to put those answers in front of everyone making decisions, from product to service to marketing.”

HumanView focuses on three areas:

Growth Intelligence: customer motivations and how people perceive a brand and its competitors

Market and Category Intelligence: product pain points, service friction, unmet needs and competitive gaps

Audience Intelligence: new segments, positioning opportunities and gaps in the market

Every model is designed and validated by data scientists and benchmarked before it informs a recommendation.

To learn more about HumanView, visit leapgroupnetwork.com/humanview.

About LEAP Group
LEAP Group is a boutique marketing agency holding company with offices in Louisville, Indianapolis, Cincinnati and Chicago. Guided by the belief that brands should “Market Less. Matter More.,” LEAP gives clients access to specialized experts across its entire network. Learn more at leapgroupnetwork.com.

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SOURCE LEAP Group

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STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

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8 hours ago

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October 24, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

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SOURCE Straight Shooter Media

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Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

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8 hours ago

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October 24, 2026

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TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

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