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What is Contract Performance?
Discover what contract performance is, why it's essential for business success, and how to measure it effectively. Learn the best practices for ensuring efficient contract performance and reducing risks with tools like contract management software.
What is Intellectual Property Law?
Intellectual property (IP) includes creations like inventions, written works, and designs that have commercial value. It is legally protected, giving creators exclusive rights to use their work for a set period. IP protection encourages innovation by ensuring creators can benefit from their ideas. Learn more about intellectual property and how it safeguards creations and fosters creativity.
What Is Vendor Contract Management?
Vendor contract management is the process of creating, executing, analyzing, and monitoring contracts between your organization and its suppliers or service partners. It encompasses the entire lifecycle of vendor agreements, from initial negotiation through performance evaluation and eventual renewal or termination. Effective vendor contract management ensures both parties meet their obligations while maximizing the value of these business relationships.
What is Contract Management?
Contracts are the foundation of commerce. Discover how contract management streamlines contract creation, execution, and compliance to reduce risks, boost efficiency, and maximize business value.
What Is a Contract Management System?
A contract management system is a software that uses templates and clause libraries to standardize the contents of sourcing and sales contracts; digitizes and stores contracts in a central location; automates workflows focusing on contract creation and execution; and expands in volume as new contracts are added.
What Is Enterprise Contract Management?
Enterprise contract management is an approach to contract management that brings all of a company’s commitments into a single CLM system for seamless, holistic management. With enterprise contract management, automated systems replace the inefficient methods of manual contract management systems and streamline the process. With a digital contract management system in place, you can organize a collection of contracts, clauses, and templates for standardization and quick retrieval.