Gatekeeper Contract and Vendor Management Glossary

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

Contract Governance

Contract governance is an approach taken to ensure that the agreed outcomes of a Contract between two or more Parties are being fulfilled:

  • Efficiently
  • Effectively
  • In compliance with obligations and applicable laws
  • In alignment with organisational policies and probity standards
  • While mitigating risk to the extent achievable.

Contract management software supports contract governance through total visibility, the ability to track changes and approvals, and the ability to monitor risk and performance.