➤ Why include Procurement and Legal in the Term Contract workflow and what are typical negotiation timelines?
Procurement and Legal ensure compliance, risk mitigation, SLA clarity, and correct payment and regulatory clauses. They verify vendor credentials, insurance, and contract terms. Negotiation and approval commonly take 10–15 business days, with contract finalization and payment terms typically complete within 10–20 business days, allowing time for stakeholder review and signature cycles.
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