A breach of contract is a failure by a Party to a Contract to comply with one or more Conditions of the Contract.
A breach may Void the Contract and can lead to Damages being awarded against the breaching Party.
Effectively tracking obligations through contract management software like Gatekeeper helps to minimise the risk of breach.
The Risk Module from Gatekeeper allows you to measure third-party risk and set a Risk Score based on 'Probability’ and ‘Impact’ variables.
This Risk Score automatically trigger our Kanban Visual Workflow Engine so you can manage escalations and take remedial action.