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Contract Management is a business process that involves the management of contracts between two or more parties. It is a critical component of any business, as it helps to ensure that all parties involved in a contract are aware of their obligations and rights. Contract Management involves the negotiation, drafting, and execution of contracts, as well as the monitoring and enforcement of the terms of the contract. It also involves the tracking of changes to the contract, such as amendments or extensions.
Contract Management is a key component of any business, as it helps to ensure that all parties involved in a contract are aware of their obligations and rights. It also helps to ensure that the terms of the contract are met, and that any changes to the contract are tracked and enforced.
There are a number of companies that specialize in Contract Management, such as Apttus, Icertis, Contract Logix, and ContractSafe. These companies provide a range of services, such as contract drafting, negotiation, and tracking, as well as contract analytics and reporting. Show Less Read more