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...
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Risk, Legal & Compliance
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...
Revise Contracts Now: New State Data Privacy Laws
A contract establishes an organization’s obligations and rights, serving as the framework for every business relationship. But as additional states continue to debate, approve and...
Defining Affective Post-Negotiation Contract Management
You finished the contract negotiations. You signed the agreement. All processes are up and running. The contract is officially a done deal, right? Not if you want it to be a complete...
Earnout conflicts show need for clear contract language
Tying some payments to future performance can help close M&A deals but the terms can spur lawsuits if the buyer and seller aren’t on the same page about what they agreed to,...
Exploring the Latest Legal Design Trends
The legal industry, often associated with antiquated traditions and an overabundance of paperwork, is undergoing a remarkable transformation. Thanks to rapidly advancing technology, a...
Eight ways to improve legal and compliance risk management
Every operation and function of an organization runs business risks that need to be controlled – or avoided altogether. And many of those same risks have a crucial legal and...
Cracking AI Contract Management Challenges
Artificial Intelligence (AI) is revolutionizing contract lifecycle management (CLM) by streamlining every stage of the contract lifecycle, from contract creation and negotiations to...
Common Pitfalls in Post-Signature Contract Management
In The ROI of Contracting Excellence 2023 report, WorldCC and Deloitte revealed that businesses are experiencing an 8.6% erosion in contract value. This is positive news against the...