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Business, Contract Management, Technology

The eight stages of the contract lifecycle

Contracts are legally binding – and thus need to be executed properly.  Legal teams should equip themselves with a thorough understanding of the contract lifecycle management process.  The contract lifecycle
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Business, Contract Management, Technology

What is legal technology in 2025?

According to Gartner ‘by 2027, the global legal technology market will double in size because of GenAI – and legal leaders face growing pressure to respond’. This projection underscores the
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Business, Contract Management, Technology

Is your CLM software ready for 2025’s regulatory legal changes?

As 2025 continues to unfold, legal regulatory landscapes are shifting faster than ever. This year’s shifts include global changes to evolving import tariffs, AI governance practices and ESG mandates. For
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Business, Contract Management, Technology

What is a hold harmless agreement?

Understanding liability and risk transfer is paramount for any organisation managing contracts. A critical instrument that facilitates this mutual understanding is the hold harmless or indemnity agreement. Encountering a hold
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Business, Contract Management, Technology

What is a signatory?

A brief overview Have you ever come across the term in a contract or other legal document? In simple terms, a signatory is someone who signs on the dotted line
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Business, Contract Management, Technology

What is a bilateral contract?

A simple guide From simple deals between friends to complex business arrangements, contracts play a crucial part in defining the terms and conditions of an agreement. One common type of
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Business, Contract Management, Technology

What is ratification in contract law?

Contract law – what you need to know Contracts are the foundations of trust, in both business contexts and everyday life. Understanding contract law empowers you to navigate agreements confidently
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Business, Contract Management, Technology

Procurement in contract management

In 2025, the e-Procurement landscape will be marked by solutions that are efficient yet resilient, simple, and adaptable. Leading providers are already at the forefront with eProcurement software designed to meet these shifting demands. Looking ahead: key trends in 2025 Some of the
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Business, Contract Management, Technology

What are the four components of contract management?

Managing contracts and maintaining contract process efficiency can be challenging – especially without an understanding of contract lifecycle management and the proper functionality to succeed. In fact, 25 percent of contract management professionals we asked
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Business, Contract Management, Technology

The five goals of contract management

What is the goal of contract management? This question is essential for legal operations professionals to ask themselves when forming their approaches to better governance over processes. This post will
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Business, Contract Management

What is contract management software for government contractors?

Contract management for government contractors demands meticulous attention to detail and leaves much risk of error. These contractors work with an almost endless supply of different government agencies. Different levels
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Business, Contract Management, Technology

What is the contract performance management process?

Contracts serve as the keystone around relationships between companies, vendors, clients, and other stakeholders. However, a contract is only worth its performance. Legal professionals need to understand and manage the