Contract management deals with agreements between companies or individuals and ensures the terms are clearly stated, that milestones are fulfilled, and that they are updated when needed. Efficient contract management fosters strong business relationships and can increase profitability. It involves various stages, starting with preparation before the contract is awarded, the negotiation and agreement, and finally, management of the contract's terms after it has been granted. In this article, we explore how to improve the contract management process and successful contract management strategies