Inflation is not just background noise; it demands urgent navigation by legal teams as CFOs prioritize flexibility and sales teams demand swift contract solutions.
Legal teams must adapt contracts to incorporate inflation triggers and flexible pricing models to maintain vendor relationships and safeguard budgets in a volatile market.
In-house legal departments must also manage increased regulatory scrutiny resulting from inflation's impact on pricing models, ensuring compliance to avoid costly disputes.
With the advent of contract management tools, legal teams can now more efficiently analyze terms and track key dates, enabling better negotiation strategies.
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