Six Considerations for Adopting Contract Management Software

Randy Bishop | February 15, 2019

Questioning (unquestionably) plays a big role in society. Socrates believed that questions, not answers, drive thinking, and law students have paid the price ever since! The scientific method is premised, in part, on asking one or more questions before searching for scientific answers. Philosophers question the very meaning of existence. And with the internet, you can find answers to almost any question, from how to defrost meat to  how long the average penny lasts.

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What is Contract Metadata and Why Should You Care?

Ken Button | February 12, 2019

Contract management systems depend on precise, efficient systems for organizing and retrieving contracts. This often translates to a system for metadata management. But what is metadata - and what does it mean for contract management? Scroll down to find out.

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What Are the Different Types of Dispute Resolution in Business Contracts?

Ken Button | January 28, 2019

“Dispute resolution,” as a broadly defined term, has existed for centuries. On a macro level, early humans once relied on brute force. As mankind evolved, countries (or kingdoms) used emissaries, diplomats, and other high-level officials to meet and negotiate a variety of topics and to avoid outright war.

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Three Contract Management Cautionary Tales to Remember in 2019

Randy Bishop | January 22, 2019

The arrival of the new year is an exciting time pretty much around the world. In America, many eat special foods for luck, drink champagne, and party late into the night. In Denmark, people collect plates throughout the year, then throw them at the door to celebrate. The more plates you break, the more friends you will have in the coming year. And in Ecuador, mannequin-like representations of the old year (and anything bad associated with it) are set on fire – literally – and burned in effigy.

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Say This, Not That: Getting Your Team On Board

Randy Bishop | January 07, 2019

We’ve all grown up hearing the idiom, “A picture is worth a thousand words.” But can you always convey everything you need to with a single photograph or drawing? Of course not. Pictures are great communication tools, but conveyance of some ideas requires the additional level of precision or subtlety that only the written or spoken word provides.

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Five Contract Negotiation Mistakes to Avoid

Ken Button | January 03, 2019

From the time we wake up in the morning until the time we go to bed at night, we exist in a world of contracts. We can turn on the lights and catch up with the morning news on television thanks to our contracts with the electric utility and cable company. We live in our homes, probably with a lease or mortgage contract tucked away in a drawer or safe deposit box. We drive a car to work that was leased or purchased with a written contract. And our employers have even more contracts.

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The Most Common Types of Contracts in Business Today

Ken Button | December 28, 2018

The business world is in a constant state of evolution. Certainly, many changes, such as high-tech machinery, precision manufacturing, and automated contract management software - just to name a few - result from improved technology. In fact, many American companies focus almost entirely on technological innovation.

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The Future of Contract Management Software

Randy Bishop | December 27, 2018

Bold predictions for the future have long captured American imaginations, and there’s no shortage of people willing to share their opinions, especially at this time of year. Serious prognostications are needed to help formulate future strategies in government, business, education, and other endeavors. On the other hand, some predictions are less earnest, designed to entertain or excite the imagination.

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Contract Management 101: Who Uses Contract Management Software?

Ken Button | December 20, 2018

Most would agree that we live in a world full of conflict. As always, politics, religion, economic policy, and even armed disputes can pit one nation against another. Within our own country, we’re often so divided that it’s tough to find consensus on issues of the day.

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Contract Compliance Audits: What They Are and What You Need to Know

Ken Button | December 11, 2018

Have you ever blindly accepted your take-out order at a restaurant, only to later be disappointed at home? Perhaps you ordered a sandwich and onion rings (because you’ve been craving rings for a month now), only to discover at your kitchen table that the (clearly incompetent and hateful) server gave you the sweet potato fries instead. Or perhaps you ordered the house pizza with explicit instructions to hold the black olives, only to learn that a cook (probably with impaired taste buds) put them on there anyway. In both of these instances, a quick “order compliance” audit before exiting the restaurant certainly would have been helpful!

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