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

  • We have encountered several instances where business owners signed contracts before initial due diligence was completed and approved, and we're interested in learning how other organizations address this challenge. (We are a $2.6 billion federally chartred ... More

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    RE: AI Addendum/AI Language included in contracts

    This message was posted by a user wishing to remain anonymous Thank you for sharing your experience. Our organization is still working to determine the best approach and industry best practices ... More

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    RE: AI Addendum/AI Language included in contracts

    This message was posted by a user wishing to remain anonymous Did you seek Legal Counsel for the specific contract language that you use? For your TPRM system, is it that you've identified the AI usage from the vendor and then your system does the ... More

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    RE: AI Addendum/AI Language included in contracts

    This message was posted by a user wishing to remain anonymous We have template AI related contract language we use for the next new or renegotiated agreement. our TPRM system tracks usage of AI and includes a flag and place to record contract amendment ... More

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    AI Addendum/AI Language included in contracts

    This message was posted by a user wishing to remain anonymous Hi All - Like everyone we are seeing an increase in new (to us) vendors that use AI in their products, and the boilerplate contracts for these products will generally include language about ... More

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