By Norman Kretzmer Contracts are an essential part of every organisation’s operations. But despite the effort that companies put into negotiating, drafting and understanding contracts before they’re signed, they often lose track of them post-signature. The documents get filed away in a cabinet somewhere or scanned for storage on a server, then forgotten about, exposing the business to a range of significant risks. Some of these include losing track of the actual paperwork, missing deadlines to renew or cancel contracts, failing to take advantage of incentives or discounts due under a contract, and incurring penalties for non-compliance with terms and conditions….
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