Once your company is ready to be sold your whole focus is shifted on restructuring a whole new business system. It includes certain activities which need to be taken care of such as what company is buying and what obligations it is assuming, the nature and extent of the target company’s liabilities, contracts, litigation risks […]

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Artificial Intelligence is fast becoming an essential part of the technology industry, helping solve many challenging problems. AI is the ability of making a computer program or software to think smartly in an intelligent manner as like humans think. It revolves around the use of algorithms, a set of defined instructions that a mechanical computer […]

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Have you updated the Force Majeure clause with COVID-19 in your existing contracts? If not, this is the best opportunity to modify the existing clause in all your legacy contracts and include it in future contracts. Force Majeure clause is one of the important clauses to include in a contract that relieves the parties from […]

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Data Extraction from contracts The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. It is difficult to achieve very high accuracy from software and consistency from manual methods. Yet we hear about Artificial Intelligence (AI), we hear about Machine Learning software systems and other new technologies for […]

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A Procurement Management Process helps companies purchase goods and services from external suppliers, it further includes a series of activities and processes. The procurement management process comprises planning, selection, administering, and closing procurement i.e. awarding and managing the contract. It is vital for any organization to have a proper procurement management system so to avoid […]

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In today’s scenario legal business homes, legal firms, and organizations all across the world are getting into a whole bunch to thousands of contracts on a usual, which ends in an exceedingly giant, scattered, and cumbersome storage of varied sorts of legal contracts clause that’s arising in varied contracts. The cycle of a contract doesn’t […]

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When a contract comes into existence, it automatically creates benefits and risks for contracting parties as it consists of many elements like consideration, offer, and acceptance, intention, legal purpose, etc. Contract risk can occur in any phase from creation to execution of the contract, say when creating a contract there can be communication gaps leading […]

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Contract Management The role of contract management is evolving now. It’s not simply filing documents anymore; contract management entails understanding each facet of a contract’s lifecycle to extract purposeful insights. Business with contract lifecycle management efforts in place is able to serve their clients better, resulting in more revenue opportunities from existing and potential clients. […]

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Contracts are one among the difficult documents that ought to be evaluated befittingly, and if there isn’t a clear system for the solid review process in place the terms may be overlooked leaving a company in a weaker position. Across your business, whether in sales, legal, marketing or vendor management, contracts help protect the company, […]

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What is a contractual obligation? An obligation is a necessity, a bond, a guarantee; something that must be performed. Lawful wording stipulates the utilization of “will” and “should” to state firm Obligation in an agreement or a guideline. The expressions “will” and “may” are likewise used to demonstrate less strong duties, yet are none the […]

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