Contracts – managing the global explosion
Today, contracts are the foundation of our business lives. And rightly so. Contracts enable all of us – in our professional and in our personal lives – to agree, control, comply and manage our partner, supplier and client relationships.
The onset of globalisation has taken away many obstacles to business expansion. For many companies, globalisation has been responsible for an explosion in the number of contracts they hold, with a corresponding increase in the need for – and the time spent on – contract management. With an increase in the number of contracts comes increased opportunity for mis- management.