Unlocking Business Value through Effective Contract Negotiation
Unlocking Business Value through Effective Contract Negotiation In today’s fast-paced business world, contract negotiation is a crucial aspect of any successful deal. A well-negotiated contract can bring immense value to a business, while a poorly negotiated one can lead to financial losses and damaged relationships. In fact, a study by the Contract Management Association found that companies that excel in contract negotiation can achieve an average revenue growth of 10% to 15% annually. On the other hand, those that struggle with contract negotiation can experience a 5% to 10% decline in revenue. ...