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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

In each stage of the contract management lifecycle, there are numerous tasks, controls, and best practices that organizations need to follow for effective management of their contracts. Contract management ensures the compliance of contracts with all applicable laws and regulations.