If you want to make your contract management more efficient and see greater returns on your investment of time and effort, standardization could be the solution you’re looking for. Contract management systems and technologies, standardized contract language, templates, best practices, and lessons learned can yield positive, measurable results in effectively and efficiently crafting, administering and managing contracts.
In Part One of this series, I discussed the benefits of standardization and debunked some common misconceptions. In Part Two, I will discuss the importance of maintaining flexibility and offer some tips for implementation. [Read more…]