Contracting Strategy

5 Businesspeople shaking hands and celebrating executing a contract. Caption reads, "What is Contracting?"

What is Contracting?

If you are planning to enter into a business relationship with another party, you may come across the term “contract” at some point. A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their business relationship. Contracts are used to protect the interests of all parties …

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"Contracting Strategy" written on a grey box next to a set of cogs, with two larger cogs in the background representing Blaze Professional Learning

7 Reasons why a Contracting Strategy is Critical

Introduction Every organisation that uses contracts needs to have an effective Contracting Strategy in place if they are to protect themselves from potential risks, reduce disputes, and ensure that their business operations remain on track. Contracts are essential tools for organisations to ensure that their business operations run smoothly and efficiently and, perhaps more importantly, …

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