Contract Management
How often should contracts be reviewed?
There's no single answer — but there is a sensible cadence based on risk, value and renewal timing. Here's how to decide.
The general rule
Every contract should be reviewed at least once a year, and always before its renewal notice period begins.
By value and risk
- High value or high risk (leases, insurance, core software): review 60–90 days before renewal.
- Medium value (professional services, subscriptions): review 30–60 days before renewal.
- Low value (utilities, small tools): annual sweep.
Trigger-based reviews
You should also review a contract when:
- Your usage has materially changed
- The supplier's performance has deteriorated
- A cheaper or better alternative appears
- Your business direction has shifted
The review itself
A review is not just re-reading the contract. Use the Contract Review Checklist to cover commercial and risk questions.
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