The Vendor Contract Audit Workbook
A vendor contract you signed three years ago has an auto-renewal clause sitting 45 days from triggering right now, and nobody on your team has reread it since the day it was signed.If you are unsure why it is happening and what to do next, then the Vendor Contract Audit Workbook is for you.The Vendor Contract Audit Workbook is a five-section comprehensive workbook that includes the seven specific clauses that quietly cost mid-market companies real money such as auto-renewal notice window, change-of-control, price escalation and more along with proposed language for common risk clauses to help you negotiate with the vendor.You get:1] Complete Notion Audit Workbook, including the five sections, proposed language for common risk clauses, risk scoring guide and more.2] Quick Step-by-Step PDF Version of the Vendor Contract Audit Workbook.Who this is for: VP of Operations / COOs Operations Manager Finance / Procurement Leads General Counsels / Legal Ops (for companies without dedicated legal staff) Founders/CEOs at a lean company Frequently Asked Questions1] How many vendor contracts should I actually audit? Every active vendor contract above a $10,000 annual spend should be audited. The threshold catches the vendors where a bad clause has real financial weight. However, you can choose the threshold as per your business requirements.2] What should I do, if I find a clause that's already a problem like a notice window that's already passed? You must flag it immediately. The workbook's tracker helps you plan the next renewal cycle even if this one's already locked in.3] Do I need legal training to use the workbook? No. The seven clauses are written in plain language with specific test criteria for each clause. You might need a legal review, once you have identified something worth renegotiating with the vendor.4] How long does a single vendor contract audit take? It should take approximately 15–20 minutes once you know what to look for.5] Should I inform the vendor I'm running this audit? No. This is an internal risk review. You must engage the vendor once you have identified something to actually renegotiate.6] How often should I re-run the vendor contract audit? You should run the vendor contract audit annually at least, and immediately before any contract's renewal/notice window.
Get it → theheadroomhq.gumroad.com