Introduction to Contract Management
                     Introduction to Contract 
Management
Presented by LDM Global
 What is Contract Management?
● Definition:
Contract Management is the process of managing contracts from creation through 
execution, ensuring that both parties fulfill their obligations and protecting the interests of 
the business.
● Key Objectives:
○ Ensure compliance with terms and conditions
○ Mitigate risk
○ Optimize contract performance
○ Maintain positive relationships with stakeholders
 Key Phases of Contract Management
1. Contract Creation & Negotiation
● Drafting terms and negotiating favorable conditions for all parties involved
● Legal considerations and drafting key clauses
2. Contract Execution
● Formal approval and signing of the contract
● Ensuring all necessary documentation is in place
3. Performance & Compliance Monitoring
● Tracking milestones and deliverables
● Ensuring adherence to contract terms and timelines
Why is Contract Management Important?
Risk Mitigation:
Minimizes legal and financial risks by ensuring compliance with contractual terms.
Cost Efficiency:
Effective management reduces unnecessary costs, penalties, and renegotiations.
Strategic Value:
Helps to align contracts with business goals, ensuring value and performance.