Why a More Diverse, Equitable Supply Chain Starts with Contracts

2020-09-10T11:42:31-07:00

September 10, 2020

Supplier diversity is an old concept that is receiving renewed attention these days. Supplier diversity programs encourage companies to source goods and services from historically underutilized businesses, including those owned by minorities, women, and disabled veterans. The economic disruption caused by COVID-19 and the civil protests in response to the ...
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Why a More Diverse, Equitable Supply Chain Starts with Contracts - Icertis

Contract lifecycle management (CLM) technology can play a critical role in addressing racial injustice through supplier diversity.

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Why a More Diverse, Equitable Supply Chain Starts with Contracts2020-09-10T11:42:31-07:00

Podcast: Everything’s Different, Yet Everything Is the Same – Featuring IACCM

2020-08-28T10:40:21-07:00

August 27, 2020

Clearly, the world has changed in material and unfathomable ways in recent months; it has certainly changed since IACCM released its last Most Negotiated Terms Report in 2018. That 2018 report outlined the negotiation priorities for contracting teams (Limitation of Liability, Indemnification and Price Change); it also served as a ...
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Podcast: Everything’s Different, Yet Everything's the Same – Icertis

Listen in as IACCM President Tim Cummins offers an early look at results from the organization's "Most Negotiated Terms of 2020" report.

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Podcast: Everything’s Different, Yet Everything Is the Same – Featuring IACCM2020-08-28T10:40:21-07:00

Legal Departments, Blockchain Is Coming to a Contract Near You

2020-08-28T09:10:08-07:00

August 20, 2020

The What and Why of Blockchain and Smart Contracts Legal departments everywhere are hearing a lot of buzz around smart contracts and blockchain technology. For many, blockchain today is what artificial intelligence (AI) was a few years ago: something they’ve heard lots about yet struggle to understand the real benefits ...
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Legal Departments, Blockchain Is Coming to a Contract Near You - Icertis

According to Gartner, By 2022, smart contracts will be in use by more than 25% of global corporations. Here's how you can plan today for tomorrow's tech.

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Legal Departments, Blockchain Is Coming to a Contract Near You2020-08-28T09:10:08-07:00

Making the Case for Company-wide CLM: A 5-Step Guide

2020-07-31T09:26:23-07:00

July 30, 2020

A major learning that’s come out of the COVID-19 pandemic is that cloud-based access to contract data is immensely valuable when addressing a crisis. But just how valuable that data is may depend on whether it is centralized in a single system or spread across an organization in multiple silos. ...
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Making the Case for Company-wide CLM: A 5-Step Guide - Icertis

Companies that have deployed a single contract lifecycle management (CLM) system have gotten the most value out of the technology in the wake of COVID.

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Making the Case for Company-wide CLM: A 5-Step Guide2020-07-31T09:26:23-07:00

We’ll Never Look at Contract Boilerplate the Same Again

2020-03-27T10:44:29-07:00

March 27, 2020

I’ve been attending legal and contract conferences for more than two decades (if you count the greatest legal conference: law school), and I don’t think the following thought has ever crossed my mind as I scanned the rooms full of attendees: “These are the kind of people who get excited ...
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We'll Never Look at Contract Boilerplate the Same Again

Force majeure clauses, once overlooked during contract negotations, will impact billions, if not trillions, of dollars in commercial value.

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We’ll Never Look at Contract Boilerplate the Same Again2020-03-27T10:44:29-07:00

5 Contract Questions AI Can Answer in a Crisis

2020-03-18T09:23:00-07:00

March 12, 2020

For many companies, a contract is seen as something to be signed, filed away, and forgotten about until something goes wrong. Yet when that something does go wrong, it is often a mad scramble to find the necessary documents to understand the implications for business. Tragically, the COVID-19 pandemic is ...
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5 Contract Questions AI Can Answer in a Crisis

Contract management software allows companies to work off one source of truth, assisted by AI able to crawl contracts at scale to surface relevant clauses.

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5 Contract Questions AI Can Answer in a Crisis2020-03-18T09:23:00-07:00

State Legislation Bolsters Case for Smart Contract Enforceability

2020-02-26T16:40:33-08:00

February 26, 2020

Last year, the Governor of Illinois signed into law the state’s Blockchain Technology Act. The act, which took effect on January 1, 2020, attempts to answer lingering questions over the legality of smart contracts. Under the act, a “smart contract” is “a contract stored as an electronic record which is ...
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State Legislation Bolsters Case for Smart Contract Enforceability

The act makes smart contracts and blockchain records admissible as evidence in legal proceedings and prohibits a court from denying a smart contract legal effect because it utilizes blockchain technology.

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State Legislation Bolsters Case for Smart Contract Enforceability2020-02-26T16:40:33-08:00

A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library  

2019-12-16T06:12:32-08:00

December 16, 2019

When I speak to legal teams about their experiences deploying an enterprise contract management platform, one of the most commonly cited benefits is also one of the most basic: fewer contract templates. In a webinar earlier this year, one Icertis customer noted how his company was able to cut down ...
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A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library

If you are contemplating a contract template rationalization exercise, here are some tips to keep in mind as you undertake this initiative.

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A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library  2019-12-16T06:12:32-08:00

When Should Contract Managers Get Involved in Sourcing? The Earlier the Better

2019-12-13T15:22:47-08:00

December 4, 2019

I was reviewing my notes from the Association of Corporate Counsel (ACC) Annual Meeting and the International Association of Commercial and Contract Managers (IACCM) Americas Conference, both held in recent weeks. Coincidentally, and not surprisingly, a similar theme jumped out from both conferences: an undercurrent of frustration by commercial attorneys ...
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When Should Contract Managers Get Involved in Sourcing? The Earlier the Better

Bringing contract managers into deals late in the process continues to be a source of frustration. But a new survey shows things are looking up.

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When Should Contract Managers Get Involved in Sourcing? The Earlier the Better2019-12-13T15:22:47-08:00

How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)

2020-02-06T08:42:30-08:00

November 12, 2019

Image source: IACCM Two years ago, a working group at Airbus called ContractInnovators began investigating how they could design better contracts. As a use case, they set about redesigning a Non-Disclosure Agreement (NDA). The goal of the group was not to create a legal document that could extract more concessions ...
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How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)

The innovation and artistry around visual contracting are fascinating. But what’s really exciting about the movement is the philosophical shift that it represents.

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How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)2020-02-06T08:42:30-08:00
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