Legal and enterprise professionals worldwide are struggling to answer a deceptively simple question: who actually owns your contracts?
Last year’s Contract Intelligence Index Report surveyed 1,250 U.S. legal and enterprise professionals, and three out of four could not answer that basic question.
The findings were striking enough on their own, but this year’s study went significantly further in scope, surveying nearly 7,000 people across 10 countries.
The same confusion that plagued U.S. respondents surfaced in every market examined, from Berlin to Tokyo to Sydney, revealing a truly global problem.
Hal Marcus, Principal of Product Marketing at Workday, will join Lisa Lang, VP and General Counsel at Ohio Northern University, to present the new findings.
The pair will explore what the global data reveals about why contract ownership remains what researchers are calling Legal’s most expensive blind spot.
The session will also examine the gap between organisations that have resolved this problem and those still falling behind, and what that divide means for business performance.
A key focus will be the four specific breakdowns in the contract lifecycle that quietly drain revenue and leave Legal teams enforcing agreements they never approved.
Marcus and Lang will also address early signs of a widening divide between Legal teams turning contracts into genuine business intelligence and those still searching for documents on someone’s hard drive.
The consistency of findings across all 10 countries surveyed is being described as the real headline of this year’s expanded report.
The webinar is scheduled for July 29th at 1 p.m., and CLE credit will be available to attendees who join the live session.
Organisations of all sizes are increasingly recognising that poor contract visibility is not a minor administrative inconvenience but a measurable financial risk.
When legal teams cannot locate, track, or claim ownership of contracts, businesses face exposure to unenforced terms, missed renewal windows, and unmonitored obligations.
The global reach of this year’s study makes a compelling case that no single market or legal culture has yet solved the contract ownership challenge at scale.