The paper "Strategic Negotiation and Contract Management: Best Practices for High-Stakes Projects" by David Chinalu Anaba, Azeez Jason Kess-Momoh, and Sodrudeen Abolore Ayodeji explores the critical aspects of effective strategic negotiation and contract management in high-stakes projects. These projects, characterized by significant investments, complex stakeholder dynamics, and substantial risks, require meticulous planning and execution. The authors emphasize the integration of negotiation and contract management, the use of digital tools, the importance of collaboration, and the commitment to continuous improvement. Key principles of strategic negotiation include understanding stakeholders' interests, thorough preparation and planning, effective communication, building trust, and conflict resolution. Effective contract management strategies involve designing clear and precise contracts, incorporating risk management provisions, performance monitoring, and change management. The paper highlights the benefits of an integrated approach to negotiation and contract management, leveraging technology to enhance efficiency and transparency, fostering a collaborative environment, and implementing continuous improvement through feedback loops and training. These practices ensure that agreements are effectively implemented, projects are managed efficiently, and stakeholders are aligned towards common goals. The authors conclude that effective negotiation and contract management are indispensable for the success of high-stakes projects, and practitioners should integrate these processes, utilize digital tools, foster collaboration, and commit to continuous improvement to achieve long-term success. Future research should explore the evolving role of technology, particularly artificial intelligence and machine learning, in these processes, as well as the impact of global and cultural differences on negotiation strategies and contract management practices.The paper "Strategic Negotiation and Contract Management: Best Practices for High-Stakes Projects" by David Chinalu Anaba, Azeez Jason Kess-Momoh, and Sodrudeen Abolore Ayodeji explores the critical aspects of effective strategic negotiation and contract management in high-stakes projects. These projects, characterized by significant investments, complex stakeholder dynamics, and substantial risks, require meticulous planning and execution. The authors emphasize the integration of negotiation and contract management, the use of digital tools, the importance of collaboration, and the commitment to continuous improvement. Key principles of strategic negotiation include understanding stakeholders' interests, thorough preparation and planning, effective communication, building trust, and conflict resolution. Effective contract management strategies involve designing clear and precise contracts, incorporating risk management provisions, performance monitoring, and change management. The paper highlights the benefits of an integrated approach to negotiation and contract management, leveraging technology to enhance efficiency and transparency, fostering a collaborative environment, and implementing continuous improvement through feedback loops and training. These practices ensure that agreements are effectively implemented, projects are managed efficiently, and stakeholders are aligned towards common goals. The authors conclude that effective negotiation and contract management are indispensable for the success of high-stakes projects, and practitioners should integrate these processes, utilize digital tools, foster collaboration, and commit to continuous improvement to achieve long-term success. Future research should explore the evolving role of technology, particularly artificial intelligence and machine learning, in these processes, as well as the impact of global and cultural differences on negotiation strategies and contract management practices.