Managing Contracts With HP TRIM Software
Source: Hewlett-Packard (HP)
Contracts are the lifeblood of today's business world. Without this vital legal glue, entering into arms-length commercial deals may be fraught with peril. Yet for medium-to large-sized organisations, contract management has its own challenges. In order to rely on contracts, managers must check that the terms and conditions are legally defensible, that the contracts themselves are easy to locate when needed and that a document that is found is in fact the correct document. Moreover, as electronic discovery and government regulation is becoming increasingly prevalent, the preservation and destruction of these important documents must be conducted in accordance with well-defined and appropriate business rules.