Contracts are the backbone of your business. They provide revenue certainty on the sell-side and supply chain certainty on the buy-side. Your contracts touch virtually every business relationship and shape your exposure to risk. But how well do you understand them?
In a world where trust and reputation play a big role in corporate value, can any business afford any lapses in contract or regulatory compliance? At a minimum, failure to comply with your contractual obligations will disappoint your customers and expose you to claims of breach. In many industries, failure to include appropriate clauses can lead to regulatory sanctions and penalties. And in the court of public opinion, a reputation of poor compliance can seriously damage your brand. A comprehensive understanding of your obligations can head off many potentially devastating issues.