Jurisdiction(s):
United Kingdom

Key definition

Contract management definition

What does Contract management mean? contract management means the organised oversight of a contract after signature and commencement, to secure delivery, compliance and value for money. In legal practice it covers: monitoring performance against scope, service levels and KPIs; operating change control and variations; giving, receiving and recording contractual notices and approvals; managing payments, price adjustments and milestones; handling extensions, renewals and exit; ensuring ongoing compliance with data protection, confidentiality, insurance, security, subcontracting and audit rights; maintaining governance, reporting and records; and addressing breaches, claims, liquidated damages, dispute resolution and termination. Usage is broadly consistent across England & Wales, Scotland, Northern Ireland and Ireland. The...

From Audit to Optimisation: A Practical Guide to In‑House Legal Contract Management, Including Maturity Models, Processes, Risk Control, Stakeholder Engagement and Contract Lifecycle Management Technology

Published by a LexisNexis Practice Compliance expert

Practice notes

contract management within the legal department

Following an audit of contract management across your organisation (see Practice Note: How to conduct a contract audit), you should now appreciate what the present process involves, or that several parallel processes exist. With this understanding, you have the groundwork to take ownership of contract management within the legal team. Your set-up might be a tactical, short-term arrangement or a carefully planned strategic framework, with options in-between, shaped by your organisation’s size, nature and the resources at your disposal. The essential point is that whichever route you choose, it must clearly demonstrate it furthers your organisation’s objectives and boosts revenue.

Before introducing a contract management system for the legal department, be clear about the rationale you will use to address any objections to the inevitable shifts in existing practices. The primary case is that how the legal department manages contracts will intersect with almost every area of the organisation, because contracts sit at the heart of any successful business relationship. Therefore, the...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...