Business Contract Management is the process of managing an organization’s agreements from start to finish. It involves the creation, negotiation, execution, review, and amendment of contracts between a business and its partners. Effective Contract Management ensures that both parties are aware of their rights and obligations, as well as understand all of the relevant details concerning each contract. Contract Management helps organizations to make more informed decisions, drive efficiencies in the contracting process, and even protect against potential legal issues. Put simply, it provides the framework for successful business relationships.