IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 11 NO. 6 2025
DOI: 10.56201/ijssmr.vol.11no6.2025.pg35.56

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Strategic Management of Commercial Contracts Using Business Law Principles and Analytics to Maximize Fiscal Efficiency and Corporate Growth

Adeyinka Lawal, Bisayo Oluwatosin Otokiti, Sibongile Gobile, Adeola Okesiji, Odunayo Oyasiji

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Abstract

This paper explores the strategic management of commercial contracts by integrating business law principles and data analytics, focusing on how these elements can maximize fiscal efficiency and foster corporate growth. The significance of commercial contracts in corporate strategy is highlighted, emphasizing their role in ensuring compliance, mitigating risks, and driving profitability. The paper delves into key business law principles, including contract formation, enforcement, and breach, demonstrating how these legal frameworks underpin successful contract management. The growing role of data analytics is also explored, showcasing how predictive analytics and contract lifecycle management (CLM) systems can optimize decision-making, improve risk assessment, and enhance contract performance. The paper thoroughly examines cost-benefit analyses and identifies how legal and analytical approaches contribute to cost reductions, increased profitability, and operational efficiency. Furthermore, the research underscores the potential of optimized contracts in promoting innovation, expanding market reach, and ensuring sustainable growth. Case studies from various industries illustrate real-world applications of integrating business law and analytics, highlighting the practical benefits of this approach. The paper concludes with strategic recommendations for organizations seeking to enhance their contract management processes by combining legal principles with cutting-edge analytics tools. Businesses can streamline operations, improve compliance, and create more efficient, growth-oriented contract strategies by leveraging AI, blockchain, and integrated CLM platforms. The research offers actionable insights for companies aiming to maximize fiscal efficiency and foster long-term corporate growth through strategic contract management.

keywords:

Commercial Contracts, Business Law Principles, Data Analytics, Contract

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