Contract Management
/ˈkɒn.trækt ˈmæn.ɪdʒ.mənt/
Definitions
- (n.) The process of negotiating, executing, monitoring, and managing legally binding agreements to ensure compliance and performance.
Effective contract management reduces risks and enforces obligations throughout the contract lifecycle.
Related terms
See also
Commentary
Typically used in corporate and legal settings, precise contract management mitigates disputes and ensures legal and operational adherence.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.