Key Principles of Contract Compliance and Ethics

This Skill Bit shows the principles guiding Contract Compliance and Ethics, which are vital for ethical and compliant behavior:

Transparency fosters trust by openly communicating terms and expectations.​ Fair Dealing ensures equitable treatment of all parties, avoiding unfair advantages.​ Confidentiality safeguards sensitive data from unauthorized disclosure.​ Legal Compliance adheres to relevant laws and standards throughout contract execution.​ Accountability entails taking responsibility for actions and rectifying non-compliance.​ Continuous Improvement involves regularly refining processes to ensure ethical conduct.

Duration approx. 3 Min.

Tier: basics

A part of The Fundamentals of Contract Management: Onboarding for Professionals course.