Non-compliance in Contractual Relationships

Description

This Skill Bit talks about non-compliance, which means failing to meet contractual or legal requirements. It can lead to lawsuits, fines, reputational damage, and even contract termination. To avoid these issues, focus on prevention with compliance systems and training. If non-compliance occurs, address it quickly to minimize harm. Consulting a professional for legal advice is recommended.

Duration approx. 5 Min.

Tier: basics