Overview:

This session introduces the contract lifecycle and the key controls that keep agreements on track. Participants will learn which clauses matter most to non-legal professionals, how to recognize common risks, and how standardized processes, repositories, and basic introduction to CLM/AI tools improve visibility, accountability, and commercial outcomes.

Why you should Attend:
You will learn how disciplined contract management prevents revenue loss, missed renewals, disputes, and compliance gaps, and how business, procurement, finance, operations, and legal teams each contribute to contract success.

A signed contract can still become a major risk if obligations, dates, and changes are not tracked. Missed renewals, unclear ownership, and uncontrolled amendments can quietly create financial loss, compliance exposure, and unwanted auto-renewals.

Areas Covered in the Session:

• Purpose and value of contract management across functions
• Contract lifecycle: initiation, drafting, negotiation, approval, execution, monitoring, renewal, closeout
• Essential components: scope, pricing, timelines, service levels, liabilities, termination, disputes
• Common risks: ambiguous terms, unmanaged obligations, unauthorized changes, expiry risk
• Roles, ownership, and escalation paths
• Practical controls: templates, approval workflows, version control, audit trails, centralized storage, renewal calendars
• Tracking obligations, milestones, performance, and key dates
• Introduction to CLM platforms, automation, and AI-assisted extraction
• Frequent contract-management mistakes and how to avoid them

• All