The housing development industry involves complex contractual relationships among developers, contractors, vendors, and consumers, making it highly vulnerable to legal risks. This condition is reflected in 3,872 consumer complaints filed against PT X in 2025, indicating a gap between the legal certainty provided by contractual provisions and their implementation in practice. This study aims to analyze the potential legal risks in the management of housing developers' business contracts and to formulate a model for implementing Good Corporate Governance (GCG) as a legal risk mitigation instrument. The research employs a normative juridical method supported by empirical data using statutory, conceptual, and case approaches. The analysis is based on Contract Law Theory, Good Corporate Governance Theory, Agency Theory, Stakeholder Theory, and Legal Certainty Theory. The findings reveal that legal risks at PT X consist of contract performance risk, contract monitoring risk, and contract governance risk, which primarily arise from weaknesses in contract implementation, supervision, and documentation rather than from deficiencies in contractual clauses. This study proposes the Contract Governance Based on GCG Principles model, which integrates four stages of contract management: Contract Planning, Contract Performance, Contract Monitoring, and Contract Protection Governance. The proposed model serves as a preventive instrument for mitigating legal risks while strengthening consumer protection and promoting contract management that is effective, accountable, transparent, sustainable, and oriented toward legal certainty.
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