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Your go-to resource hub for business contracts.
Legal Operations across companies and industries share a mission-critical goal: empowering in-house legal to run as an efficient, agile business unit, extending and amplifying resources to effectively support the entire organization at scale.
From NDAs to sales and service agreements, contract management helps manage, streamline and optimize these types of business contracts.
Rogue contracting and having no visibility into what's in your contracts are two risks of using a manual contract process. Here's how to eliminate both.
There’s no ‘one right way’ to organize your contracts. It all depends on your business and organizational structure. But the key things to consider are (1) who is likely to need to access these documents in the future, and (2) how they’re likely to access them.
By understanding the contract management lifecycle, you can increase efficiencies in your business, especially in sales and business processes.
Here are five preventable mistakes during the contract management process that will help mitigate risks, save money, and efficiently guide your resource allocation.
Contract negotiations can be frustrating and time-consuming. The problem? Many legal teams go into contract negotiations without a clear vision of their objectives and priorities. That lack of focus leads to unnecessary contract cycles, miscommunication with counterparties, and suboptimal outcomes.
Learn the who-what-when-where-why of contract management, and discover how it's evolving for modern business.
See how to maintain contract management security with a contracting solution that delivers compliance benefits and mitigates operational risks.
From offer to legality, learn the six essential elements of a contract to make sure your agreement is valid and enforceable.
Do you know what is in your contracts and if everyone is holding up their end of the deal? Is every party involved being compliant and following through on what was agreed? Unchecked, these blind spots become deeply problematic to your business. The best way to resolve it: performing contracts compliance audits.
Procurement contracts—often called purchase contracts—are contracts that establish a legally binding relationship between buyers and sellers that protects both entities throughout the procurement process.
The new generation of contract lifecycle management (CLM) software is changing enterprise businesses by consolidating and streamlining contract management, even extending access and control beyond Legal to the entire organization, from Sales and Marketing to HR and Procurement.
If you’ve ever had to create a contract or manage the contract process at your company, you’ve most likely run into outdated contracts, slow approval processes, and manually tracking contracts in a spreadsheet. The pain points are easy to identify, but how do you know you’re making the right investment? And how do you prove the value of contract lifecycle management?
Getting your legal operations processes off the ground can be time-consuming. We've gathered three low-cost, low-risk solutions any legal operations professional can implement right away.
Learn why contact data is critical to agile, accurate decision-making and building an in-house legal department strategy.
Discover everything about contract lifecycle management and what it means for your business.
With automation, legal teams and other teams (sales, procurement, HR, marketing) involved in contracts can save time, improve collaboration and make smarter business decisions by leveraging contract lifecycle management (CLM) solutions.
