Contract Insights

From services contracts to consulting agreements to employment contracts – contracts are an essential part of business relationships across industries. However, writing even simple contracts from scratch can seem daunting.

Without a starting point, drafting contracts can prove time-consuming and challenging. Your contract team can suffer from critical inaccuracies and missed opportunities.

Thankfully, your organization can leverage easy-to-customize and mergeable contract templates to save valuable time and maximize accuracy.

Contract drafting is essential in helping capture the purpose of a contract in written form. Haphazard drafting of a contract can result in pushing outdated contract versions to collaboration and negotiation. Additionally, the lack of a centralized and informed process can result in incorrect language being introduced into the review process. Unfavorable terms, missed obligations, and legal disputes can follow.

To help you avoid these consequences and more, here are five practical contract drafting tips for more effective contract management.

Contract authoring is essential.  An inefficient process can hinder organizations and result in error-prone contracts with missing or misplaced clauses.

Additionally, overlooked key dates and milestones and a confusing process can stall the contract lifecycle.  Luckily, leading contract management software can provide intelligent authoring.  Read on to learn how to simplify and modernize the contract writing process.

Awarding a contract is a complex, multi-faceted process.  There is room for error and missed opportunities without the right strategy.  This blog will delve into the five critical stages in awarding a contract and how to seamlessly navigate these stages with leading contract management software tools.