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What Is Vendor Contract Management And Why Is It Important?

Obobo

Vendor contracts management is a critical component of any business, no matter its size or industry. Licensing agreements govern the use of software or intellectual property rights. This can include provisions related to quality control, liability, and dispute resolution.

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What Is Contract Management Lifecycle And Why Is It Important?

Obobo

To streamline the process, organizations can implement automation tools that can assist with each stage of the Contract Management Lifecycle to improve accuracy and efficiency. Contract management ensures the compliance of contracts with all applicable laws and regulations.