Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Friday, October 6, 2017
The Contract Folder: Hidden Value or Ticking Bomb?
Managing and monitoring contracts is critically important to the success of any business, yet many companies are still using manual processes, increasing the risk of contract disputes. And with 20% of litigation stemming from contract disputes no wonder it’s one of the biggest problems facing GCs today.
It is estimated that 9.2% of a firm’s annual revenue is lost due to unmanaged contracts. This doesn’t just apply to small companies, even some of the most established businesses are working without a contract strategy.
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