Search common contracting language and take a deeper dive to discover what each means
Contract Ownership is the act of being responsible for something, such as a Contract, an Event, an Obligation or mitigation of a Risk.
Contract management software allows you to assign different contract ownership to your contracts, such as a IT Owner or Legal Owner.
These owners will be able to manage their contracts and receive notifications when a contract action is required.
This helps to improve control, drive accountability and prevent bottlenecks from occurring within the contracting process.