Contract management

Contract management

This subtopic covers:

•
what contract management is
•
how to conduct a contract audit
•
how to assess a legal department’s contract management process, and
•
how to take control of the contract management process

It also contains a Contract management risk management guide, which identifies five key priorities in relation to contract management. It concentrates on the activities which need to be undertaken after a contract has been awarded and the service provision has commenced, and discusses the automation process, covering key areas such as the challenges

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

TAKE A FREE TRIAL

Latest Practice Compliance News

AI providers see preparatory work for EU code of practice on content labelling

MLex: Leading AI companies have been presented with the preliminary findings of expert reports that will inform a voluntary EU code of practice on labelling AI-generated content under the EU AI Act. The studies on text, audio, image and video highlight that no single technique meets legal requirements, recommending multi-layered strategies combining methods. The timing of the code remains unclear.

Home Office introduces modern slavery optional international reporting template

The Home Office, in collaboration with the Australian and Canadian governments, has published an optional international reporting template to support organisations in meeting supply chain transparency requirements under modern slavery legislation in the United Kingdom, Australia, and Canada. This initiative aims to reduce the administrative burden for multinational organisations by enabling the preparation of a single consolidated report that satisfies the core legal obligations across all three jurisdictions.

HM Treasury publishes policy note and draft regulations on reforming Money Laundering regime

HM Treasury (HMT) has published a policy note setting out proposed amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), accompanied by the draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025. The policy note proposes targeted amendments to the (MLRs 2017) to address regulatory gaps, enhance proportionality and emerging risks, including in cryptoasset regulation, pooled client accounts, and trust registration. Responses are sought by 30 September 2025, with final regulations expected to be laid before Parliament in early 2026.

Failure to prevent fraud—an effective means to combat corporate crime?

Corporate Crime analysis: While previous failure to prevent offences—bribery and tax evasion—have resulted in few prosecutions so far, they have arguably influenced a corporate compliance culture in the UK. In this third and last part of our series on the corporate offence of failure to prevent fraud, Aziz Rahman of Rahman Ravelli assesses the effectiveness of failure to prevent offences in holding corporate bodies to account for economic crime.

View Practice Compliance by content type :

News