Contract management, sometimes also mentioned as contract administration, refers to the processes and procedures that companies may implement in order to manage the negotiation, execution, performance, modification and termination of contracts with various parties including customers, vendors, distributors, contractors and employees.
Contracting is one of the most crucial activities in determining the success of any business arrangement, and shall not be considered as the jobs to be done by the lawyers only. There are multiple stakeholders involved in completing any contract.
This article is mainly targeted for the legal counsels as well as the internal/external legal teams.
Here are the six key factors […]