Managing contracts effectively and efficiently are central to the very existence of the legal department. And those contracts and the relationships they secure are central to the existence of the ...

Reviewing and drafting contracts take up to 70% of an in-house legal department’s time. But does it have to be that way? Artificial intelligence and automation hold great promise and have been touted ...

Contract management and contract administration have some factors in common. Both skill sets call for a deep understanding of how contracts work and how both parties can fulfill their obligations ...

Contracts may require months to prepare, modify, and/or review, depending on their complexities. Contract development should begin as soon as the need for a contract is clear and a vendor has been ...

"AI is not just improving contract management; it is empowering teams to work smarter while dramatically reducing operational friction," said ND Reddy, CEO and Chairman of SutiSoft. "SutiCLM ...

Incorporating tariff-specific escalation and change-in-law clauses into contracts helps protect parties from unforeseen cost increases. Legal provisions like force majeure should be tailored to ...

QUESTION: Our new board directors recently terminated the old management company. As treasurer, I cautioned other directors that this time we need to be more careful in hiring a replacement. We ...

Contract management is the process of administering the legal and contractual relationships that a business forms with vendors and employees. Contract management is concerned primarily with written ...