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Third Party Risk and the Contractual Life Cycle

SIG Speaks

The third part has good assessment tools. Using software or information from security rating services makes sure the individuals responsible for Third-Party monitoring can assess the third party. . The last phase of the lifecycle is the end of the contract renewal process.

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Frictionless M&As using AI-Led Contract Intelligence

SirionLabs

And this is yet another time when contracts become extremely crucial for businesses as they go through rapid changes. Contracts Hold the Key to Ensuring Better Outcomes During M&As. It isn’t just about keeping regulators satisfied and meeting legal requirements during an M&A event. M&As are messy affairs.

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Contract Compliance Audit: Overview, Benefits & How AI is Helping

SirionLabs

For example, companies usually schedule annual or quarterly compliance audits to examine: Agreement parameters: Clauses, contractual obligations, service level agreements, payment terms, project milestones, deliverables, etc. Supplier audits can also complement third-party contract performance assessments.