Contract Management

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Welcome to the Contract Management Community. Here you will find the latest discussions and resources that can help you in this area. Note: You will need to Sign In or Register to join in the discussions and access resources. 

About Vendor Contract Management: Vendor contract management is the oversight of written agreements with vendors that provide your organization with outsourced products or services. Proper contract management is important because if a vendor contract is signed that doesn’t include all vendor expectations, outline service levels, or identify ongoing due diligence requests, then these expectations may not happen.

Latest Discussion Posts

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    Resellers and Contracts/Warranties

    By: Anonymous Member , 3 days ago

    This message was posted by a user wishing to remain anonymous Hi! I am new to working for a small company where in some cases of software, maintenance, and equipment purchases that we have to go through Resellers for those needs. We have a few resellers ... More

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    RE: Boilerplate Contract Reviews/Negotiations

    By: Anonymous Member , 4 days ago

    This message was posted by a user wishing to remain anonymous The initial contract is likely written in favor of the vendor. We would never consider asking the vendor up front if they will accept modifications. We have in-house counsel for contract ... More

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    RE: Boilerplate Contract Reviews/Negotiations

    By: Anonymous Member , 4 days ago

    This message was posted by a user wishing to remain anonymous I review the contract and send the redlines regardless. Even if vendors respond that they're not willing to make modifications, I have my redlines and notes to send to the vendor owners, ... More

    1 person likes this.
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    RE: Boilerplate Contract Reviews/Negotiations

    By: Veralyn Hensley , 4 days ago

    We always review the contract and determine risk in the contractual language. We will request redlines for items that are non-negotiables. Sometimes that means we will not proceed with a contract for the service. Depending on the service and risk of ... More

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    Boilerplate Contract Reviews/Negotiations

    By: Anonymous Member , 4 days ago

    This message was posted by a user wishing to remain anonymous What are your Vendor Compliance/Third-Party risk program norms when presented a contract/instrument wherein the service organization WILL NOT accept redlines/modifications/etc.? What we've ... More

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