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5 Top Contract Management Strategies
The pandemic brought a surge in suppliers invoking force majeure clauses in their contracts. Force majeure removes liability for unforeseeable and unavoidable catastrophes that...
Contracts Operate: a whole is better than a half
Sounds silly to write it out, but yes - buyers prefer (and should) to get the whole service. My sons are getting older and now expect compensation for services rendered. As a lifelong...
Good change control procedures in contracts
One of the things that amazes me quite often is a lack of good change control procedures in contracts. There are not many contracts that reach the finish unscathed and that number is...
Contract management is too integral to keep it just within legal
Adversity breeds innovation and that’s the case with legal operations. The function rose to prominence during the Great Recession by helping legal teams bring data and efficiency to...
Supply Chain Predictions 2024: AI, Sustainability Top Of Mind
To paraphrase a much-attributed quote, “Making predictions is hard. Especially if they are about the future.” And the last few years have not made the challenge any easier in the...
AI’s transformative role in empowering companies to optimize procurement
Artificial intelligence is a transformative force, reshaping the procurement landscape and offering companies an unprecedented opportunity to revolutionize their supply chain...
Risk Management: Identifying & Mitigating Risks in Federal Contracts
Federal contracts present lucrative opportunities, but they are tied to inherent risks like missed renewals and cybersecurity. However, don’t be discouraged as there are many...
Solving supply chain woes
Most of the supply chains that we rely upon today have been disrupted and shaped in some way by the events of recent years. These unprecedented challenges have highlighted the need...
Major Law Firm Debuts AI Tool that Writes Contracts
At a Glance Allen & Overy in the U.K. has rolled out an AI tool that can write contracts for lawyers, called ContractMatrix. It draws on current templates for contracts to draft...