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What Is a Breach of Contract?
A breach of contract occurs when one party fails to fulfill their obligations in an agreement. Common types include material, minor, anticipatory, and actual breaches. Learn what causes breaches and how to prevent them by creating clear contracts, maintaining communication, and documenting all agreements.
What Is a Cost-Plus Contract?
Discover the ins and outs of cost-plus contracts. Learn how they work, their advantages and disadvantages, and when they're best suited. Get expert tips on managing cost-plus contracts effectively using contract management software.
What Is a Fixed-Price Contract?
Learn everything about fixed-price contracts, including how they work, their key features, types, and common terms. Discover when they're ideal to use and how contract management software can help
The Importance of AI in Contract Management
Discover how AI contract management software streamlines workflows, reduces risk, and boosts compliance for smarter, faster contracting. These systems can automate repetitive tasks, reduce errors, and provide insights that can help businesses make informed decisions.
What Is a Licensing Agreement?
A licensing agreement is a type of contract in which an IP owner, also known as the licensor, grants another party permission to use their intellectual property under specific terms. This IP can encompass patents, trademarks, copyrights, trade secrets, or even business methodologies. Learn about the types of IP it covers, standard terms and the benefits it provides.
What Is an Indemnification Agreement?
The indemnification clause is a standard provision in most commercial contracts. They serve as a critical tool for risk allocation between parties. Learn why it is one of the most commonly negotiated terms of a contract.