How contract lifecycle management software can help reduce risks in negotiation!
Four principal risks faced when engaging in large-scale negotiations are:
- Losing time by spending too much of it on negotiations instead of on more lucrative business pursuits;
- Not reaching an agreement or not reaching a satisfactory agreement in a time and resource efficient way;
- The other party not delivering what they have promised; and
- Being sued for non-performance of your side’s part of the bargain
Source: How to reduce the 4 main risks in the contract management process | Contract Room
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How the new wave of contract management software is reducing time spent negotiating Source: How to
