Legal SNART24 – CONTRACT MANAGEMENT BEST PRACTICES: REDUCING LEGAL RISKS IN BUSINESS DEALS
Contracts are the foundation of all commercial relationships. They define rights, obligations, timelines, and deliverables between parties. Yet, many organizations underestimate the importance of systematic contract management. Poorly managed contracts can expose a business to financial loss, legal disputes, missed obligations, or reputational damage. In today’s regulatory and fast-paced business environment especially across the GCC where cross-border transactions are common, companies must implement strong contract management processes to minimize risk and ensure compliance. This article outlines the concept of contract …
