Contract management involves overseeing various agreements that define the terms, conditions, and obligations between parties to ensure smooth and legally compliant business operations. The key types of agreements include:

• Master Service Agreement (MSA): An overarching contract that establishes the general terms and conditions governing future transactions between parties. It helps streamline the negotiation process for subsequent agreements, reducing the time and effort required for individual contracts.

• Non-Disclosure Agreement (NDA): Protects sensitive and confidential information shared between parties during business dealings. It prevents unauthorized disclosure and safeguards trade secrets, intellectual property, and other proprietary data.

• Purchase Agreement: Specifies the terms and conditions related to the purchase and sale of goods or services. It includes details about pricing, quantity, delivery timelines, payment terms, and quality standards.

• Service Agreement: Outlines the scope of services, performance expectations, timelines, and compensation between a service provider and a client. It helps define clear deliverables and ensures both parties understand their respective roles.

• Vendor Agreement: Governs the relationship between a company and its vendors or suppliers. It includes terms related to delivery schedules, product quality, payment terms, and dispute resolution to maintain seamless supply chain operations.