Recent Trends in Contract Management

Randy Bishop | July 13, 2018


Some years ago, the concept of contract management could be summed up quite simply. For some, it meant little more than compiling and filing paper contracts in the correct cardboard file folder in a metal filing cabinet. But as time has marched on, technology has improved, and business principles associated with the contract management profession have evolved. In fact, with all of the powerful tools now available, it is an exciting time for contract managers. In this article, we’ll discuss some of the most prominent recent contract management trends.

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Four Strategies for Accelerating the Adoption of Contract Management Processes

Ken Button | July 06, 2018

As a contract manager, you already know a thing or two about the havoc failed implementations can cause an organization. For those who may be unfamiliar, here’s what you need to know: in short, failed implementations frustrate the entire organization and can even lead to wasted money and lost jobs (yes, maybe even yours!) Fortunately, all of this can be avoided with the right process and tools. And that’s where we come in. At ContractSafe, we help streamline contract management processes, from start to finish. Here are some of our tips for accelerating the adoption of contract management processes.

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What Special Principles Apply to Commercial Contracts?

Randy Bishop | July 03, 2018

Anyone dealing with contracts on a routine basis knows how complicated contracts and the legal system that shapes them can be. Needless to say, the substantive content of a wide variety of provisions found within contracts can be a lot to digest and understand. Plus, if you work in multiple states, you have to consider the different laws of multiple jurisdictions, and possibly federal law as well.

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Can a Contract Entered Under Duress Be Invalidated?

Ken Button | June 26, 2018

People sign contracts for lots of different reasons. Usually, the contract represents something positive for all of the parties involved. For example, a willing seller of a product or service finds a willing buyer who needs that product or service. The parties agree on a price, and everyone is happy.

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How Important is Digitalization of the Contracting Process?

Ken Button | June 19, 2018

An often-repeated statement in business and in life is: “Don’t sweat the small stuff.” Interestingly, this saying is popular with all types of managers and across most industries (OK, maybe bomb makers and nuclear engineers should sweat the small stuff.)

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Does Everyone Have the Capacity to Enter Into a Contract?

Randy Bishop | June 14, 2018

While we have no idea how many contracts are created daily across the United States, the number would certainly be staggering. Truthfully, most of those contracts will lead dull, boring lives. They will be formed properly and their parties will honor them in good faith.

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New ContractSafe features for June

Ken Button | June 14, 2018


Two new features to announce...Unique Tracking Numbers and Duplicating Records

Unique Tracking Numbers

Every contract page in ContractSafe has a unique URL...but now each contract has a unique identifying number as well.  You can use this CS Number for syncing with...

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What Is the Statute of Frauds and What Does It Cover?

Ken Button | June 08, 2018

How many times have we all heard someone say something like, “You better get it in writing,” or, “Give it to me in writing”? In colloquial speech, we often use such phrases as joking responses to statements or promises made by friends or family members.

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Categories: contract law

Why OCR Makes a Huge Difference in Contract Management

Randy Bishop | June 05, 2018

In today’s society, more so than ever before, business managers are bombarded with technological products and concepts, and must make sound decisions on behalf of the organization. Hardly a day passes that someone isn’t touting and attempting to sell the latest and greatest innovation. Of course, some innovations stand the test of time, while other ideas fall flat and fizzle. Believe it or not, there was a time when some people eschewed computers and email, firmly believing that snail mail and a fax machine connected to a landline would carry their business into the next century.

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Four (Often Odd) Historical Contract Cases Lawyers Still Study

Ken Button | May 31, 2018

While reading about the elements required to form an enforceable contract might appear a bit dry to some, the history of contract law has all sorts of entertaining and interesting stories. Many of today’s contract rules were developed over hundreds of years by judges in the cases they decided. And it is the facts of these cases that can be memorable. In this article, we’ll discuss a few of these historical contract cases which are often still studied by today’s law students.

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