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A procurement specialist drafts a supplier agreement using a pre-approved contract template that includes standard confidentiality and payment terms.
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What is Contract Authoring or Drafting?
Definition of Contract Authoring or Drafting:
Authoring or drafting refers to the creation of the initial version of a contract. It involves assembling key terms, clauses, and obligations—often using standardized templates or clause libraries. This stage sets the legal and operational structure for the entire agreement.
Why contract authoring or drafting matters:
Consistent drafting reduces risk, accelerates approvals, and ensures compliance with organizational standards. Using templates and preapproved language helps maintain uniformity across all agreements.
A procurement specialist drafts a supplier agreement using a pre-approved contract template that includes standard confidentiality and payment terms.
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