The Journal: Digital Contracting 101
Your go-to resource hub for business contracts
Why Innovative Businesses Automate Their Contracts
Legal teams are so underwater with contracts that they slow down the rest of the business, which means all future success hinges on the efficiency of your organization’s contract management system. This is why getting a handle on your contracts will help drive administrative efficiencies across your entire business, and it’s a change that can originate right within the operations team.
Non-Disclosure Agreements (NDAs): Everything You Need to Know
An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. NDAs offer a level of protection to your business so that even accidental breaches are covered.
Your Guide to Service-Level Agreements (SLAs)
A service-level agreement, or SLA, is typically an agreement between a service provider and their customer or client. In some cases, an internal SLA governs service between departments in an organization. It is also known as an SLA contract or vendor contract.
3 Essential Processes for How Remote Legal Ops Works in the New Normal
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.
7 Tips for Leveling Up Your Legal Operations
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.
10 Tips for Successful Contract Negotiation
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.
What Is a Contract Compliance Audit?
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.
Why You Need Enterprise Contract Management
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.
Is CLM a Good Investment?
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?
3 Benefits of Automating Contract Management Workflows
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.