Be aware of risk areas.

Here's key notes what to remember about when negotiating outsourcing contract.

It provides you with a list of todos of 'prepare before you go'. Main outline divided by risk areas looks like this:

• Negotiate Terms for Termination and Disentanglement
  (resources required, exit strategy)
• Negotiate Benchmarking
  (all related to benchmarking: how, when, what, how often?)
• Negotiate Performance-Based Metrics
  (what features MUST be done exactly?, which will be measured?)
• Negotiate Penalties and Incentives
• Negotiate Allocation of Resources(can we choose staff, reject people, point the work place for them?)
• Negotiate How Innovation Will Be Executed

This is just to show what's inside so go in to read the whole thing.