Contract Management

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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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    Price Hold Clause

    Has anyone successfully negotiated a price hold clause within a SaaS agreement and are willing to share the language? More

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    RE: Contract Management - Who reviews?

    This message was posted by a user wishing to remain anonymous We don't have a formal "legal" department. So, for contract reviews, along with the vendor owner, we have our Risk SMEs review the contract from their area of expertise. More

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    RE: Contract Management - Who reviews?

    This message was posted by a user wishing to remain anonymous We have an internal legal department that reviews all contracts. TPRM receives the contract review request, logs it, does an OFAC validation, gathers all pertinent documents, and forwards ... More

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    RE: Contract Management - Who reviews?

    This message was posted by a user wishing to remain anonymous For us, contracts are reviewed by: Legal Procurement (vendor and contract management, TPRM) Security - for agreements where a third-party will access our systems or data (TPRM) More

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    Contract Management - Who reviews?

    This message was posted by a user wishing to remain anonymous Who reviews and approves contracts at your financial institution? Is both TPRM and legal involved? How does this process work? Thanks in advance! More

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