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

What Does the Future Hold for Enterprise Contract Management? A Conversation with Forrester Research

2019-10-28T17:33:49-07:00

October 28, 2019

A few weeks ago, Icertis hosted an in-depth conversation about Contract Lifecycle Management (CLM) between Forrester Research’s Andrew Bartels, one of the leading analysts covering CLM, and our very own Samir Bodas, one of the most passionate CEOs in the CLM tech universe. The two met at Microsoft Studios for ...
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What Does the Future Hold for Enterprise Contract Management?

More organizations are undertaking digital transformation initiatives and the availability of CLM technology is fueling this revolution.

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What Does the Future Hold for Enterprise Contract Management? A Conversation with Forrester Research2019-10-28T17:33:49-07:00

Brexit Will Have a Massive Impact on Contracts. Is Your Company Ready?

2019-10-15T14:51:36-07:00

October 15, 2019

Last week, Icertis released new research that suggests Global 2000 companies doing business in the European Union can expect to have 1 in 10 contracts impacted by Brexit. Given that the average Global 2000 company has tens of thousands of active contracts, the findings mean thousands of contracts at each ...
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Why Brexit Is a Clarion Call for Enterprise Contract Management

10% of contracts active in Europe could be impacted by Brexit. Companies that have digitized their commercial foundation are ready.

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Brexit Will Have a Massive Impact on Contracts. Is Your Company Ready?2019-10-15T14:51:36-07:00

5 Views of Enterprise Contract Management from the Corporate Legal Department

2019-11-15T02:50:25-08:00

August 19, 2019

Whether you are a Legal Operations professional or a Chief Legal Officer at your company, contracts undoubtedly play a role in your corporate counsel responsibilities. Maybe you’ve been tasked with figuring out how to reduce the time it takes for your department to turn redlines on sales contracts that come ...
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5 Views of Enterprise Contract Management from the Corporate Legal Department

Enterprise contract management transforms how a legal department operates internally and with outside stakeholders.

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5 Views of Enterprise Contract Management from the Corporate Legal Department2019-11-15T02:50:25-08:00

Crawl, Walk, Run: A Roadmap to Understanding and Leveraging Contract Management Metrics

2019-06-27T18:43:24-07:00

June 27, 2019

Recently, a project manager at major pharmaceutical company was asked about what benefits her company is seeing from its enterprise-wide contract lifecycle management (CLM) platform. She responded that it was all about data. “Now, we are able to know how many contracts we are doing, and what is in those ...
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Crawl, Walk, Run: A Road Map to Understanding and Leveraging Contract Management Metrics

One of the major benefits of turning contracts from static documents to digital assets is the wealth of data it produces about contracts and the contract process.

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Crawl, Walk, Run: A Roadmap to Understanding and Leveraging Contract Management Metrics2019-06-27T18:43:24-07:00
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