A contract is a legally binding written or oral agreement between the parties covered in the agreement to satisfy the conditions set out in the agreement. The performance of the contract is conditional, among other things, on the condition that the parties agree to the terms of the contract. Historically, this has been achieved most often through signature or performance, but in many legal systems – particularly with the progress of e-commerce – forms of acceptance have extended to different forms of electronic signature. [3] Learning from past mistakes and not repeating themselves – Contract reports also give your team a simple way to analyze your portfolio to identify trends in previous agreements. By isolating low-performing contracts, you can work to understand what these agreements have in common and look for ways to change the structure of future contracts. If you develop and follow a strong contract management plan, your team is well placed to successfully manage any new contract throughout the lifecycle of the contract. This formal document should describe in detail what is expected of both parties during the duration of the agreement in order to limit possible infringements or other issues that lead both parties to breach their contractual obligations. Contract management or contract management is the management of contracts with customers, creditors, partners or employees. Contract management includes negotiating contractual terms and guaranteeing compliance with terms and conditions, as well as documentation and agreement of changes or changes that may occur during implementation or execution. It can be seen as a systematic and effective management process for contract execution, execution and analysis to maximize financial and operational performance and minimize risk. [1] In order to avoid contractual disputes and maintain positive relations between the two parties, all parties to the contract management process must be aware of the financial terms of the agreement, including the value of the contract, payment intervals and procedure, in order to cover the additional costs (depending on the nature of the contract). The agreement, notification, consultation, regulatory agreement, broader advertising agreement, administrative agreement and declaration of trust constitute the whole agreement and all prior written and oral agreements between the Authority and the borrower with respect to the purpose of this agreement.