Contract Approval Process Definition
The contract approval process definition is the set of guidelines that dictate how your organization will review, approve, and execute contracts. It should detail who is responsible for each step of the process, what information needs to be collected and reviewed, and what criteria must be met before a contract can be approved.
An effective contract approval process definition will help to ensure that all contracts are reviewed thoroughly and approved in a timely manner. It can also help to prevent errors and omissions, and ensure that all parties involved in the contract are aware of their roles and responsibilities.
