Home / Carbon Farming / BidCarbon Standard Scheme / Carbon removal contract / Step 4 - Delivery and payment / Managing a contract

Managing a contract

A carbon removal contract is a commercial agreement. It has rights and obligations that are enforceable through the courts. Once the auction has been won and the carbon removal contract has been finalised, it is important to consider the following factors throughout the contract's duration:

Contract obligations
Delivering units and receiving payment
Contract termination
Delivery failure
Force majeure
Contract novation
Contract administration
Contract variation
Notices
Fixed delivery exit arrangement
Benefit sharing framework
Contract management principles

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Step 2 - Establishing a contract

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Delivering units and receiving payment

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