5 Common Contract Drafting Mistakes

In one way or another, all businesses will have experienced initiating a contract. A contract is legally binding and creates a mutual agreement between all parties. They are used for vendors, clients, partners, and employees. That is why when drafting a contract, it’s important that all clauses are clear and all agreements are stated to avoid confusion. …

Service Level Agreement (SLA): The Ultimate Guide

Among the several quirks of Dr Sheldon Cooper from the TV series The Big Bang Theory was the infamous room-mate agreement. And even though the agreement was more than 100 pages long and was hilariously elaborate, there were loopholes pertaining to the lack of clarity about certain terms. For instance, the term ‘emergency’ was not defined, an …

10 Tips for Successful Vendor Contract Management

Ask any business owner, and you will know how much businesses rely on third-party vendors to run their businesses successfully. From procurement, legal, key component supply to managing IT infrastructure, every business has a dependence on third-party vendors that they absolutely can’t do without. Although it seems to get a vendor onboard is easy (theoretically …

What is Contract Redlining and How Does it Help?

Is it possible to make everyone happy? Yes, if the contract has been read and terms verified thoroughly by both the parties while respecting each other’s duties and expectations, it is quite possible. A vital step in ensuring everyone is happy is contract redlining. The process of clarifying terms and editing the contract based on the …

What are the Benefits of Using eSignature Software for Businesses?

Every organization has tons of paperwork in its everyday functioning. This includes agreements, contracts, forms, and documents to be signed. One of the most advanced ways to sign documents is using eSignatures. Electronic signatures free you from the hassle of manually tracking who signed which document and if all stakeholders signed the latest version. Businesses that choose …

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