Tuesday, August 3, 2010

Government vs Oracle: Contract Fraud

Contracts are usually the domain of the legal or commercial part of the sales team, but failing to deliver on a contract can result in large damages years after the revenue has been booked.

In this case, the US Justice department is suing Oracle for "hundreds of millions" of dollars in damages - for failing to offer improved terms in line with commercial deals it was signing elsewhere.  Oracle had promised to do so in the contract.

http://www.tgdaily.com/business-and-law-features/50879-government-sues-oracle-over-contract-fraud

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