Sometimes during the contract lifecycle – as in everyday life itself – disputes arise. These contract disputes have the potential to damage business relationships, harm reputations, and cause stress. To avoid

Signing contracts is important. A signature seals an agreement between parties, legally binds them, and confirms responsibilities. By signing, you confirm that you have read and understood the terms of

Contracts serve as legally binding agreements that outline expectations, responsibilities, and potential outcomes of a business relationship. Understanding the essentials of a contract is critical for facilitating clear communication and

Business automation is already sharpening professional methods across a variety of industries.  However, advancements in artificial intelligence (AI)  can be particularly advantageous as they apply to contract management software systems. Contract intelligence engines

This is an important question to consider critically. Although contract management software is a significant investment, the high price of low-cost contract management often far outweighs this initial, carefully considered expenditure. What’s more, according

What is an executed contract? Contract execution is a critical stage in contract lifecycle management. By this point, the terms of the contract have been negotiated. Parties involved have ensured that

Eight contract negotiation strategies for a win-win outcome Nearly every business relationship involves a contract. At the crux of every contract is back-and-forth negotiation and contract management. This undertaking requires

Three productivity hacks for contract managers Looking to elevate your productivity and value during contract management? Well, contract managers often find themselves juggling multiple responsibilities related to the contract lifecycle. Manually

The potential for contract risk is everywhere in the contract lifecycle…from missed deadlines to compliance issues and costly errors. Without a structured approach to managing contracts, organisations can quickly find

Contract management software is instrumental in automating the drafting, negotiation, execution, and oversight of contracts. Naturally, there are some solutions that are better fitting for your organisation than others. Because of

When managing contracts, performance monitoring is one of the most important ways to measure success.  With a large variety of contracts, all with different terms, it can be difficult to

Procurement and supply chain professionals deal with an extensive and increasingly complex network of suppliers. These individuals can struggle with the inefficiencies of manual processes when managing contracts and tracking