Contracts are unavoidable if you want to maintain a successful business. From purchasing needed products to selling your completed products or services, formal contracts that have been written out will generally be used for any agreements that you make.

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Poor contract management is one of the leading areas of loss for many businesses, often equating to as much as 9% of their total income. Because it is such an important facet of any business, mitigating the problems that come with mismanaged or neglected contracts is important.

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