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how to audit clauses for 5 critical clauses

You can’t manage what you can’t see. Most companies can’t see what’s in their contracts. Imagine your CEO just asked for the liability cap in a vendor contract from three years ago… You know it’s...

Contracts are the lifeblood of business, but they're also a major source of headaches. Missed deadlines, hidden risks, compliance nightmares... the consequences of poorly managed contracts can be...

Moving away from spreadsheets for effective contract managment

Many businesses start their contract management journey with a familiar friend: the humble spreadsheet. It's accessible, customizable, and what most of us know. Let’s face it, as your contract volume...

what is contract management software

Still storing contracts in a shared drive or tracking them in a spreadsheet? If so, you're not alone. We know managing contracts manually can feel like a never-ending juggling act--one wrong move,...

The termination of a contract marks the end of a legally binding agreement before its intended conclusion. This can happen for various reasons, from simple mutual agreements to more complex scenarios...

telecom-contract-management

With a complex web of agreements spanning customer relationships, infrastructure deals, interconnection partnerships, and regulatory obligations, telecom providers face unique challenges when...

non disclosure agreement overview

A non-disclosure agreement (NDA) serves as a shield, protecting trade secrets, client data, and other valuable intellectual property. Whether you're a startup sharing your innovative ideas with...

hr-contract-management

From employment agreements to benefits packages and non-disclosure agreements, HR contracts shape interactions and expectations between organizations and their workforce. And effective HR contract...

finance-contract-management

Effective financial contract management is a cornerstone of operational efficiency and financial health for any organization. While finance and legal teams often spearhead this process, its impact...

contract-management-for-startups

Contracts are a big deal for any business, but for startups, effective contract management is not just important - it's crucial. You’re juggling limited resources, rapid growth, and the pressure to...

Commercial Contracts

Managing commercial contracts is a crucial part of any successful business. These legally binding agreements protect your interests, reduce risk, and ensure smooth business operations. But navigating...

Contract Performance

Contracts are the backbone of modern business. They outline expectations, define responsibilities, and protect the interests of all parties involved. But a contract is only as good as its execution....

Ready to upgrade your Contract Management Software, but struggling to get budget buy-in? Getting approval for contract management tools is about to get a whole lot easier. Why Watch the Webinar You...

retail contract management

In the bustling aisles of the retail world, every agreement — from supplier deals to your inventory management SaaS contract — has an impact on your business. And effective contract management is...

legal tech adoption

Is your contract management system more like a “shared drive of chaos?” Everyone who needs it has access, and most things are in there somewhere (except for the ones that Susan from Sales saved to...

Getting started with a new CLM? Watch this webinar to prepare your processes for new technology, learn what to look for in a CLM and learn how to set yourself up for success when implementing a new...

All the data we have seen, including our own research, confirms that you’re in good company if you are feeling overwhelmed by contracting volumes. The vast majority of Legal teams are desperately...

contract negotiations

Contract negotiation might not be as glamorous as the high-stakes games played out on the silver screen, but its importance cannot be overstated. It's an intricate dance of discussion and compromise...

contract service agreement

Service agreements can be overwhelming — but they’re also very important. Whether you’re a business owner looking to clarify the expectations of your service provider or a freelancer wanting to...

Types of Contracts and Agreements

If we learned anything from the Taylor Swift vs. Scooter Braun fiasco, it’s that a business contract can really make or break you. Business contracts provide the legal framework for the exchange of...

What is an MSA?

A master service agreement (MSA) is a little like that go-to board game you bring out when old friends come around for game night. It’s always there for you. You know what to expect. And it gives you...

E-signature

Remember when stationery was a status symbol? Pulling out a $200 fountain pen to sign a contract was a power move. But many executives today are retiring their Montblancs and opting for something a...

signing_contract

In many ways, contracts are the backbone of business operations. customer service, vendor deliverables, employee obligations, and real estate terms are just a handful of the many critical business...

Due to the sheer volume of vendor contracts and intellectual property that colleges and universities manage on a daily basis, they have developed a reputation for being risk-averse and slow-moving...

The contract lifecycle at any company can be a laborious process, but the hospitality industry presents its own unique operational and logistical challenges that can make contract management...

Ten-Tech-Mistakes

DocuSign just conducted an interesting study. It seems that more than two thirds of companies still do not have a contract management tool in place. The general theme seemed to be that companies are...

At ContractSafe we love contracts. We know...it's kind of weird. But it's what we do! Another thing we love is Sterling Miller's blog. He takes complicated areas of the law and simplifies it into Top...

We often post content here that can be helpful to our customers (or others) and this article on the Andreessen Horowitz website was well written and addresses a lot of concerns that we deal with in...

fast

We just released a new feature that will save you a lot of time. Advanced Search is here. Also, bulk edits have been updated so that you can bulk edit any field in ContractSafe. Add in some improved...

Contract managers don't need to be legal experts, but they should know some important terms.

Contract managers come from all walks of life. Some are attorneys, some have paralegal training, and some have worked in legal departments. These employees may already have a firm grasp of legal...

easy button

Easier Filters Easier Column Changes Easier Deleting Easier Edits We've got some great St. Patrick's Day presents for you! Lots of new features, all designed to make your life easier. Let's take a...

You don't need to be a lawyer to understand some of the legal phrasing in contracts.

Most people have a favorite book or movie, made up of a series of chapters or scenes. Standing alone, these scenes or chapters are important but may be confusing when viewed in isolation. But if...

Library catalogs have traditionally used

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...

Legal conflicts are resolved by litigation, arbitration, or mediation.

“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,...

From a derailed California bullet train plan to healthcare concerns, contract management has plenty of cautionary tales for the uninitiated.

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...

The business world runs on contracts, many of which differ greatly in function, severity, and terminology.

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...

The CMS of tomorrow will continue to embrace the cloud, artificial intelligence, and simple integrations.

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...

Contract management software helps accounting, human resources, sales, production, legal counsel, and IT personnel better collaborate.

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...

With refined searchability and digitalized repositories, contract management software helps reduce supply chain risk.

Business management has always been a complicated undertaking. Managers must define long-term objectives and short-term goals, then implement actions designed to accomplish both. The company must...

Contract management and customer relations management have many important differences, but the key is in how they can be integrated to work together.

In today’s era of rapid technological evolution, you’d better stay plugged in or you will quickly lose track of the development of important business products and solutions. Moreover, with society’s...

Successful contract negotiation requires knowledge of some important terms, such as limitation of liability, indemnity, and termination.

Contracts serve many purposes for the business organization. Companies memorialize agreements with employees, vendors, customers, and numerous other third-party stakeholders. Importantly, while the...

Contracts are ubiquitous in an organization, representing the company’s formal relationships with a multitude of parties. The process begins with one or more representatives of the business...

Contract managers can avoid a lot of hassle by making the right legal choices for contract drafting, conflict resolution, and contract monitoring.

For some, nothing sounds more tedious than drafting business contracts. If you don’t believe it, start discussing the importance of including a liquidated damages or force majeure clause in a...

The Universal Commercial Code ensures the efficient conception, execution, and management of commercial contracts.

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...

When a contract is signed under duress, it may be subject to invalidation.

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...

Not everyone has the legal capacity to contract.

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...

new-features

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...

rawpixel-658247-unsplash

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...

daniel-h-tong-202079-unsplash

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...

sebastian-pichler-25154-unsplash

If you’ve signed many contracts in your life, chances are you’ve seen some real doozies. Some contracts can be dozens, or even hundreds, of pages long. Think about a lease agreement you signed, or...

GDPR with Date blocks and E.U. flags

ContractSafe announced today the availability of a General Data Protection Regulation (GDPR) compliant version of its site hosted in the European Union. Following recently-launched integrations with...

Connected systems

Typically, the two most important reasons for choosing a Contract Management System (CMS) are increasing productivity and improving workflow for your team. A good CMS system will streamline contract...

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