Nearly half of legal professionals spend three hours or more reviewing a single contract, according to a recent survey, leading many in-house counsel and firms to consider whether...
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Risk, Legal & Compliance
Implications of the final RTS subcontracting for current and future ICT agreements
On 17 and 26 July 2024, the European Supervisory Authorities published the second batch of the final Regulatory Technical Standards (“RTS”) under the Digital Operational Resilience...
Digital transformation in supply chain management
The landscape of supply chain management is experiencing a paradigm shift, driven by digital transformation. This transition is underpinned by advancements in technology and supported...
Is the customer’s contract paper still relevant in the era of vendor standard terms?
In the evolving landscape of IT procurement, a significant shift has occurred with vendors being increasingly prescriptive and often insisting on their own "standard terms" as the...
The rise of smart contracts and strategies for mitigating cyber and legal risks
Imagine a world where contracts are executed seamlessly without human intervention, reducing costs and enhancing efficiency across industries – from finance to real estate. This is...
Supply chain risks hiding in plain sight?
Most companies are leaving themselves wide open to supply chain risks. Many are simply scanning for potential crises, i.e., doing nothing. Others are planning for potential...
Contracts and the importance of background law
Introduction Most people are relatively familiar with the importance of contracts when doing business or transferring property interests. They often rely on a general understanding of...
The path to AI compliance: navigating regulation with contract intelligence
For the last six years, Amazon Fresh has been developing its “Just Walk Out” concept, reimagining how consumers shop and pay for goods. However, amidst concerns about extensive human...
Can AI write legal contracts?
Legal contracts are essential for businesses because they document expectations and specific conditions for a business arrangement. However, managing the contract lifecycle can become...