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Unilateral Contract: Definition, Elements & Operational Framework

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...

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,...

Contract Creation Through CLM – Everything You Need To Know

CLM

A Brief Introduction To Contract Creation On CLM Contract creation is of utmost importance for business organizations as it establishes legal protection, defines rights and responsibilities, manages risks, ensures clarity in business relationships, and...

Employment Contracts – What Are They & How To Manage Them

CLM

A Brief Overview Of Employment Contract Management Managing employee contracts is a massive operational challenge for organizations. The biggest issue with employee contract management is rolling out employment contracts complying with legal and organizational...

Contingent Contracts – What They Are & Where To Use Them

CLM

What Is A Contingent Contract? A contingent contract is an agreement in which the parties involved agree to fulfill obligations only if a specified scenario or event occurs in the future. The occurrence of the stated event will determine whether the parties...

Complete Guide to Contract Management in Procurement

CLM

Contract Management in Procurement – Overview Procurement contracts, also known as purchase contracts and agreements between buyers and sellers that create a legally binding relationship that protects both parties during the procurement process....

Signing Of Contracts – How To Sign Contracts Online The Smart Way

CLM,eSign

A Brief Overview Of Signing Of Contracts The signing of contracts is not only a ubiquitous activity but also a powerful legal act that indicates contractual terms and conditions have been consented to and act as evidence. Without a valid signed contract,...

Contract Negotiations With CLM – Everything You Need To Know

CLM

What Is Contract Negotiation? Contract negotiation is the process of reaching an agreement by negotiating a set of legally enforceable terms (in this case, between two firms). When two firms negotiate, both want beneficial terms while minimising financial,...

Breach of Contract – How To Avoid Breaches With Smart CLM

CLM

Breach of Contract – What is it & How to Avoid it? Many businesses handle a multitude of contracts on a large scale, and breaches of contracts often lead to unsuccessful deals. The challenge lies in efficiently managing these contracts and their...

Termination Of A Contract: Everything You Need To Know

CLM

Termination Of Contracts – What Is A Contract & How To Terminate One Termination of contract is regarded as a legal procedure to end a contract before performance has been completed, with a reasonable basis. Deal termination is the most simple...

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