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Welcome to contract administration at Stanford Medicine, a shared service of Stanford Healthcare, Lucile Salter Packard Children's Hospital at Stanford, Stanford Health Care ValleyCare, and other Stanford Medicine entities. Contract administration aims to be a national leader by providing exceptional contract negotiation and legal review services. Stakeholders are provided with training on contracting processes. This video will cover reasons for using standard agreements, statement of work, preparing an effective statement of work, and available resources. Standard agreements are used to obtain favorable terms and ensure compliance.