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Top Rated Solution for Vendor and Contract Lifecycle Management

G2 reviews, 4.5 stars Software Advice, 4.7 stars

“Before Gatekeeper, our contracts were everywhere and nowhere.”

Anastasiia Sergeeva, Legal Operations Manager, BlaBlaCar

“Gatekeeper is that friendly tap on the shoulder, to remind me what needs our attention.”

Donna Roccoforte, Paralegal, Hakkasan Group

“Great System. Vetted over 25 other systems and Gatekeeper rose to the top.”

Randall S. Wood, Associate Corporate Counsel, Cricut

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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > B

Breach of Contract

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 of Contract happens when agreed obligations aren't fulfilled. 

A common Breach of Contract is the failure to make payments as stipulated by the contract. 

There are many types of breaches and any of them may Void the Contract and can lead to Damages being awarded against the breaching Party.

Effectively tracking obligations through contract management software such as 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 triggers our Kanban Visual Workflow Engine so you can minimise contract breaches and manage escalations.

 

 

 

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