Document background
The Contract Management Review Process document is essential for organizations seeking to establish standardized procedures for reviewing, approving, and managing contracts throughout their lifecycle. This document becomes necessary when organizations need to ensure consistency in contract handling, minimize legal and operational risks, and maintain compliance with Canadian federal and provincial regulations. It provides detailed guidelines for contract review thresholds, approval authorities, risk assessment criteria, and documentation requirements. The process is designed to be compatible with both common law and civil law systems (particularly relevant for Quebec-based operations) and incorporates requirements from various Canadian regulatory frameworks including privacy laws, electronic commerce regulations, and industry-specific requirements. This document is particularly crucial for organizations dealing with high contract volumes, complex agreements, or operating in regulated industries where systematic contract review is essential for risk management and compliance.
