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How are contracts mostly handled?

Contracts are an integral part of the business in any organization. Depending on the type of the company and how long the company existed there are several ways contracts would have been created and managed. However, whatever the contract management process that an organization might be adopted, there will be a lot of active contracts that are still written on paper or signed/scanned and stored across document repositories or network drives or any existing contract management systems. Just having these legacy contracts on your systems does not help the org

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Considering the current market scenario in the UK, where accountants are facing a hard- hitting competition and picking the outsourcing route to reduce cost.

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Contract review with in-house legal teams or external legal firms is common and, in most cases, organizations use standard vetted templates while entering a business relationship with customers or suppliers.

Organizations will use only the standard legally vetted contract templates when signing up with any vendor or customer but it is possible that standard contract templates of your organization are not accepted by the other party and in turn expect you to agree to their standard template. This is called “accepting third-party paper”. When you accept third party agreements here are some

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