Forescribe Glossary
What is Contract Renewal Risk?
A tool that predicts potential issues in contract renewals, such as unfavorable terms, pricing changes, or non-compliance with agreed-upon terms.
Why it Matters
Anticipating renewal risks allows organizations to proactively address issues before they become costly problems.
Benefits
- Predicts potential negotiation challenges
- Flags at-risk contracts
- Helps in preemptive renegotiation
- Ensures favorable contract renewal terms
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