Contracts are a central component of the business world. They deal with partnerships, employment, licensing, sales, and more. In fact, most modern companies deal with contractual arrangements on a daily basis. If your business regularly handles agreements, you must have
Continue Reading The Required Elements of a Contract: Why You Need to Understand and Include Them in Your Business Dealings
Utilizing automated contract drafting to create clearer agreements
As a business professional, knowing the ins and outs of contract drafting is critical to ensure that you enter better deals and don’t sign any that are not in your best interest.
Continue Reading Manual vs. Automated Contract Drafting
Virtually every industry deals with commercial contracts, but many companies miss the mark when managing these vital agreements. Here we will show you the best way to conduct commercial contract management.
Commercial contract definition
A commercial contract is a legally
Continue Reading Commercial Contract Management: How to Streamline It?
The importance of contract management is often pushed aside by procurement companies. But, establishing strong contract and risk management for supply chain management professionals is one of the easiest ways to reduce risk and make deals that benefit your business.
Continue Reading The Importance of Contract Management & Negotiation in Supply Chain Management
Business associate agreements are essential from a legal and a trade perspective. But, many don’t realize how significant entering a BAA is until they have an issue. It’s important to understand what a business associate agreement is and its role
Continue Reading Business Associate Agreement: When and Why You Need It?
Contracts are a central component of modern business. Without them, there wouldn’t be company partnerships, employment opportunities, or the exchange of goods and services. Since contracts play such a critical role in business today, it’s essential to understand the 3
Continue Reading What are the 3 Phases of Contract Management?
Every business needs an optimized contract management process, but many business owners don’t know how to improve contract management successfully. Without adequately managed contracts, you will face avoidable problems such as missed deadlines, decreased productivity, and even liability issues. Therefore,
Continue Reading The Top 5 Ideas on How to Improve Contract Management Successfully
When you think of contract administration and management, you probably don’t picture two separate practices. However, both play a different role in an agreement’s lifecycle, and it’s essential to understand the difference between the two. This article will review the
Continue Reading What is Contract Administration and How is it Different From Contract Management?
Even the most skilled contract creators aren’t protected from contract management errors. Human error plays a role when relying on manual practices as there’s little to no technology to double-check the document. However, understanding the common mistakes in contract and
Continue Reading The Most Common Avoidable Mistakes in Contract and Document Management
Companies today are required to use contract automation if they want to remain competitive. However, it can be challenging to know where to start, leaving many unlucky businesses behind the curve. Therefore, before you begin to use contract automation tools,
Continue Reading The 4 Stages of Perfecting Contract Automation
