Suppliers, customers, partners and staff: periodic review prevents costly disputes.
Contracts reflect agreements that change with the business; an outdated one may not protect the company.
It is advisable to review at least agreements with critical suppliers, main customers and the shareholders' agreement.
The review should check term, obligations, penalties and dispute-resolution mechanisms.
Governance is not only for large corporations: it is how a company decides, controls and reports.
Vetting customers and suppliers is now a common requirement from banks and partners.
A clear calendar reduces the risk of omissions and penalties for formal non-compliance.
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