Category

What are Contractual Obligations and How to Manage Them With CLM?

What are Contractual Obligations and How to Manage Them With CLM?

CLM

Contracts serve as the backbone of business relationships, providing a foundation of trust, clarity, and accountability. Contractual obligations are at the core of every contract, ensuring all parties know their responsibilities and are held accountable...

Read More

Agreement vs Contract: What’s the Difference?

Agreement vs Contract: What’s the Difference?

CLM

In the world of business transactions, the terms “agreement” and “contract” are often used interchangeably. However, while both refer to a mutual understanding between parties, understanding an agreement vs contract is essential...

Read More

The Ultimate Guide to CLM Contract Templates

The Ultimate Guide to CLM Contract Templates

CLM

Effective contract management is the key to success in today’s fast-paced business environment. Software for contract lifecycle management, or CLM, has completely changed how businesses manage contracts from creation through execution and beyond....

Read More

The Role of Healthcare Document Automation in Enhancing Care Delivery

The Role of Healthcare Document Automation in Enhancing Care Delivery

CLM,Digital Onboarding,Documents,eSign

Introduction  Speed, efficiency, and patient-centered care are paramount in the healthcare industry, and the traditional reliance on paper-based documentation has become increasingly obsolete. Healthcare document automation, a revolutionary advancement...

Read More

Contract Automation 101 – All You Need to Know

Contract Automation 101 – All You Need to Know

CLM

What is Contract Automation? Contract automation refers to the utilization of software to streamline and simplify the execution and management of contracts, reducing the routine administrative work associated with contract management. The contract automation...

Read More

Contract Review: How to Review a Contract?

Contract Review: How to Review a Contract?

CLM

Introduction Contracts are the foundation of business interactions, outlining responsibilities, expectations, and obligations between parties. However, the complexity of legal language and the potential risks associated with oversight make thorough contract...

Read More

What Are the Essential Elements of a Contract?

What Are the Essential Elements of a Contract?

CLM

Contract Fundamentals: The Key Elements of a Contract Contracts are essential tools for defining rights, obligations, and expectations between parties entering into various arrangements, underpinning countless transactions in both personal and professional...

Read More

Bilateral Contracts Explained: Here’s What Businesses Need to Know

Bilateral Contracts Explained: Here’s What Businesses Need to Know

CLM

What is a Bilateral Contract?  Contracts serve as the cornerstone of legal agreements in various domains, ensuring that promises are exchanged, obligations are met, and expectations are fulfilled. A bilateral contract is a binding agreement in which...

Read More

Unilateral Contract: Definition, Elements & Operational Framework

Unilateral Contract: Definition, Elements & Operational Framework

CLM

A Comprehensive Guide to Unilateral Contracts Contracts are the backbone of legal agreements, shaping the dynamics of various interactions, including personal and business relationships. Contracts form an indispensable foundation for the systematic functioning...

Read More

What is Contract Repository: Why Should Firms Embrace Digital Contract Storage?

What is Contract Repository: Why Should Firms Embrace Digital Contract Storage?

CLM

From client relationships, employee agreements, vendor agreements, to sale deeds, contracts form the backbone of all business relationships. According to Cottrill Research, close to 60-80% of business operations are governed by contracts. However, the...

Read More