Contracting Basics

Learn the Contract Management Basics

Not sure what is an MSA, SOW, SLA, Adhesion contract, and more? Learn the contract management basics here.

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June 5, 2024

What is a Contractual Obligation?

Master your agreements! This guide explains contractual obligations, their importance, and different types. Learn how they ensure compliance, manage risk, build trust in business relationships. Discover the challenges of manual management and the benefits of contract management software.

Non-Compete Agreements Banned by the FTC. What Businesses Can Do Now.

The Federal Trade Commission's new rule bans non-compete agreements for most workers. Learn about who was covered, what this means for your business, past challenges enforcing non-competes, and alternative methods for protecting trade secrets. Learn how Contract Lifecycle Management (CLM) software can help companies stay on top of the changing legal landscape.

What is a Bilateral Contract?

Bilateral contracts form the backbone of many business agreements. This guide explores what they are, common real-world examples, when to use them, and how to manage them effectively.

What is a Unilateral Contract?

Understand unilateral contracts, how they work, and the key differences from bilateral agreements. Learn about its real-world applications in business, advantages, drawbacks, and how contract management tools can streamline the process.

What is a Non-Disclosure Agreement (NDA)?

This comprehensive guide explains what NDAs are, how they work, different NDA types, and real-world business use cases. Learn how NDAs protect your business secrets and explore best practices for managing them.

What Is a Master Service Agreement (MSA)?

Learn the definition of a Master Service Agreement, why businesses use it, and how they can leverage technology to get the most value out of it.

Conversational AI: How is it used in contract management?

Forget tedious document hunts. This guide unlocks the secrets of Conversational AI, your tireless assistant for smarter contract management. Boost efficiency, reduce risks, and make informed decisions - all by simply talking to your contracts. Learn how businesses are benefiting from this AI technology.
Two people redlining a contract.

What is Contract Redlining?

Succeed at contract negotiations with our practical, how-to guide. Learn: What is contract redlining and why it matters, what are the best practices, what are the pitfalls of manually managing redlines, and how an AI-powered contract management tool can empower your business for the best contract outcomes.

6 Things to Consider When Choosing Enterprise Contract Management Software

Looking for the best Enterprise Contract Management Software for your company? Read on for crucial factors to consider, including technology, integration, security, usability, scalability & reporting. Simplify contract management, drive efficiency and results with the right software solution.

What is an SLA? Why is it important for your business?

Learn about Service Level Agreements (SLAs) in contracts and discover why they are important for your business. Explore the components of an SLA, who uses them, and the benefits they offer. Learn about best practices and challenges of managing contract SLAs and how a contract lifecycle management tool can help.