Leveraging CLM to Check all the Boxes for Effective Contract Risk Management

Author: SirionLabs
Published: 02.08.2022
Contracts are, without a doubt, one of your organization’s most valuable assets. But they also represent tremendous potential risk. Just consider the Twitter vs. Elon Musk lawsuit that turns on ambiguous contract language at the center of the skuttled $44 billion deal. The business landscape is littered with further examples of organizations paying a steep price for failing to diligently manage contract risk. Effectively assessing and minimizing potential hazards contained within each active agreement in your portfolio is a mission-critical priority. The Crippling Costs of Unmanaged Contract Risk According to research conducted by World Commerce & Contracting, ineffective contract management…