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Contracts4 min read

Who should own contract renewals: legal, finance or operations?

Why the answer is usually the budget holder, with legal and finance in supporting roles.

Jon AdeyemiContracts lead ·
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A simple split

Business owner
Decides to renew, renegotiate or cancel.
Finance
Confirms budget and flags price increases.
Legal
Reviews terms and sends formal notice.
Procurement
Runs bids for large renewals.

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