“Contracts establish the framework for operations and define the rights and obligations of the parties involved. In the real world, however, a purely mechanical interpretation of contractual clauses rarely resolves a difficult situation or leads to the best possible outcome. Stubbornly fixating on the fine print and insisting on being “right” as a matter of principle can sometimes prove costly for the business. This is particularly true in the construction industry and in contracting. For instance, if a contract is terminated solely on legal grounds, the result can be halted work, delays, and significant financial losses. The smartest solutions emerge when potential problems are anticipated and the consequences of various actions are considered in consultation with an expert while the project is still underway.”
