Category: Contract management

How to Write a Contract Proposal (+Examples)

Imagine a freelance marketing consultant gearing up to pitch their services to a mid-sized tech company. Instead of firing off a quick email or tossing out a casual quote, they go full pro mode and build a contract …

How to Terminate a Contract? (Without Bleeding)

Ending a contract isn’t always a walk in the park. Without clear termination terms, things can get messy fast. Disputes pop up, legal battles get expensive, and both businesses and individuals can find themselves stuck …

40 Must-Know Contract Management Trends for 2025

The data is clear, Contract management is undergoing a major transformation, with businesses shifting away from slow, manual processes toward more efficient, technology-driven solutions. In this post, you’ll discover the …

Contract Playbooks - Secret to Efficiency in Contract Review

It’s easy to lose it when you are dealing with complex contracts, especially if you’re a non-legal professional. Shuffling through clauses, legal jargon, and pressure to get things right can make the process feel …

15 Things That Absolutely Must be on Your Employment Contract

Employment contracts are among the most common and essential documents that people sign. Job details, compensation, leave policies, and confidentiality are just a fraction of what must be on a contract of employment. …

How to Write a Great NDA? + Checklist

Want to create a great Non-Disclosure Agreement (NDA) to protect your valuable data? Writing a comprehensive NDA requires careful consideration; from choosing between unilateral and mutual NDAs to ensuring all necessary …

15 Types of Contracts and Agreements+Templates

No business runs smoothly without concrete contracts and agreements. No matter how small or big your business is, contracts help you set terms and conditions to protect your interests and ensure a smooth operation. …

How to Manage Contracts with an Excel Template? [2025 Update]

Managing contracts is not easy, but with the right contract management template Excel, managing and renewing contracts can be simplified. While we generally recommend using modern contract management software like fynk, …

Contract Management Checklist: From Initiation to Renewal

Contract are backbone of any business and to run a smooth one, you need to keep track of the process efficiently. From the preparation and execution to renewal and monitoring stages, there are many things that you need …

What Makes a Contract Enforceable? 7 Important Criteria

An enforceable contract is a valid, legally binding agreement between parties that can be upheld in a court of law. It needs to fulfill several conditions, such as a clear offer and acceptance, mutual consent, …

Understanding Legalese: A Practical Guide for 2025

Legalese often complicates legal documents with its dense and complex language. Our guide helps you understand, speak, and simplify legalese, ensuring clarity in your contract management processes.

Contract Severability Clause: Explanation, Example, Template

In a world where legal uncertainties and changing conditions are part of daily life, the severability clause is an indispensable component in contract drafting. This guide traverses the complex terrain of contract law to …

What Does Commencement Date Mean Exactly?

The commencement date is the time or date that a contract becomes officially effective and therefore, legally binding. This guide demystifies the concept, offering clear definitions, the distinction from effective dates, …

Mastering Digital Contract Management: A Comprehensive Guide

In today’s fast-paced business environment, managing contracts efficiently and securely is more important than ever. Digital contract management provides a streamlined, intelligent approach to handling every aspect …

Difference Between Contract and Agreement

Contract or agreement? If you’ve ever wondered what exactly the difference between an agreement and a contract is. While the two share similarities and overlaps, they also have important differences. In this …

Freedom of Contract: Comprehensive Guide - Meaning & Examples

Freedom of contract means parties can independently and fairly negotiate and set their own terms, conditions, and responsibilities without the government restictions. Although this freedom seems the opposite of …

How are Contracts Usually Signed?

Contracts are usually signed either physically (handwritten) or electronically, by all involved parties to confirm their agreement to the terms. Each party typically signs on designated signature lines, along with the …

Bartering in 2025: How to Trade and Exchange Without Cash

In an era where digital transactions and virtual currencies dominate, the ancient practice of bartering is experiencing a renaissance. This timeless method of exchange, where goods and services are traded directly …

How to sign on Behalf of Others: p.p., for/on behalf of, etc.

Correctly using abbreviations like p.p., for/on behalf of, and as authorized agent while signing on someone else’s behalf is crucial. It’s not just about formal correctness, but also clarifying legal powers …

Revolution of the legal system: Legal AI

In a world where technology is permeating almost every aspect of our lives, the legal industry is not immune. The advent of artificial intelligence (AI) has unleashed a transformative wave that is not stopping at the …

Contract Administration Software: Governance & Compliance

Contract Administration Software is not merely a tool, but an essential strategic component of modern business management. The implementation of such solutions enables companies to optimize their contract management and …

Efficient proposal generation thanks to contract management software

In today’s competitive business environment, efficient and accurate proposal generation is critical to a company’s success. Traditionally, quotes have been created manually, which can be time-consuming and …

Importance of Contract Monitoring: Risk Management

This blog post highlights the importance of contract monitoring for effective risk management in businesses. It minimizes financial risks, ensures legal compliance, and improves business relationships. Investing in …

Corporate Housekeeping: The Key to Success and Compliance

Corporate housekeeping is critical to the success of any business. It involves keeping accurate records, monitoring compliance with legal and regulatory requirements, and implementing good corporate governance practices. …

How a contract generator can save time and effort

In this blog post, we take a closer look at the benefits of using a contract generator, staying compliant, and choosing the right one for your business. Whether you’re a small business owner, a freelancer, or a …

Potential of Chat GPT in the legal industry

Chat GPT 3 and other artificial intelligence and natural language processing technologies are beginning to transform the legal industry. Despite fears of job displacement, it is important to recognize that these …

Contract Management Software Comparison: TOP15 Vendors

Contract management software is an indispensable tool for companies looking to streamline the process of contract creation, execution and maintenance. It can help companies save time and reduce the risk of errors by …

Contract management responsibilities: Overview & analysis

Contract managers play a critical role for an organization by managing and monitoring contracts throughout their lifecycle. For example, they serve as a liaison between companies, employees, customers, suppliers and …

Contract negotiation: How to negotiate in the 21st century!

Contract negotiation hasn’t changed since the advent of email, but new technologies are making it faster, smarter, and less risky. In this article, we explain what it is, why traditional approaches introduce …

Contract Management Security: 5 Best Practices

All sensitive information of a company is contained in its contracts. Therefore, contract management security is enormously important for companies of all sizes, but at the same time it is often a major vulnerability.

Contract Management Process: how the optimal process looks like

The contract management process is the foundation of every contract and therefore critical to successful contractual relationships. Streamlining the workflow of this normally time-consuming process comes with significant …

Digital contract signing: This is what you need to consider!

A contract is only valid if all parties involved sign the agreement. Only with a valid signature does a contract have legal force. Therefore, it is important to consider some points when using digital contract signing.

Contract management: 4 steps to optimization

Proper contract management helps meet deadlines and increase productivity while reducing liability issues. Every company needs streamlined contract management - here’s how to successfully improve your contract …

Contract management via Excel: Why this is not a good idea!

For most companies, Excel usually plays a role in contract management at some point. Excel is one of the most accessible and widely used software programs in the world, yet it is far from optimal for effective contract …

What is digital contract management?

In business, a lot revolves around contracts. And contracts pile up as companies grow and the number of transactions increases. That’s when companies realize they need a system to store, track and analyze contracts …

How contract management software reduces costs

From small businesses to large corporations, companies of all sizes rely on contracts to protect themselves and manage every aspect of day-to-day operations. Deliveries to customers, services from suppliers, leases for …

Contract management vs. document management

There is much confusion between the definition of contract management and document management. Some people use the terms interchangeably, while others consider them to be completely different solutions. So what is the …

Contract management software as the basis of business success

Contract management software makes it possible to ensure that a company’s entire contract lifecycle is flawless and legally compliant. In this blog post, we’ll explain the benefits of contract management …

The 8 phases of contract management

Effective contract management can essentially be divided into eight phases. The following article provides an overview of these phases and outlines the lifecycle of a typical contract.

Contract management vs. contract lifecycle management (CLM)

Although contract management and contract lifecycle management seem synonymous at first glance, they are not interchangeable. When looking for ways to improve legal workflows in an organization, it is important to know …

8 advantages of contract management software

Contract management software serves as a central software for companies to handle all their contract processes. It connects with existing systems, automates the entire contract lifecycle, and improves contractual …

What is Contract Redlining?

Contract negotiations can be incredibly complex. Many contracts are sent back and forth between different parties several times before they are finalized. This back and forth is called “redlining” and is …

Why is contract lifecycle management so important?

Contracts go through a long journey, with numerous stages between creation and execution. Without proper contract lifecycle management, a company can be exposed to serious financial and operational risks. Especially when …

Why contract management streamlines processes

Regardless of the industry, contract management is an essential part of any business. Contracts form the backbone of daily business operations and are an important risk management tool. As a company grows, so does the …