We need to admit that merger with another company brings in uncalled complexities and new sets of problems including transition of thousands of contracts. Discovery Are you aware that there can be contracts with high legal risk in the other company that may have non-assignment or change of control provisions, which may severely impact the […]
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At best, enterprise-wide contract management can be a tedious process requiring meticulous insight and dedicated resources. However, with the introduction of new cloud-based technologies, the process has undergone a tectonic shift. One of the emerging trends in automation is the use of online systems that allow for easy access across multiple devices and help consolidate […]
Summary Globally CLM demand is expected to grow at 13.59% CAGR during the period 2017‐2021.1 Within this growth, we do not find an explicit demand from India’s SME sector. We evaluated 10 CLM products and found one that came close to match the requirements of this sector.
Contracts are the only binding document that defines business relationship and transactions among parties. Yet substantial “hidden” savings are left on the table by not managing contracts better. Digitization Adopting cloud-based contract management solution helps achieve financial optimization by improving overall efficiency of contract creation, authoring, and negotiation process. CLM systems can alert users to […]
Technology in legal industry The rapid increase of the legal tech startup is modernizing the business of law. A conservative legal industry is currently undergoing the turmoil of a cultural shift from an all paper work environment to the digitization of legal processes. Most law firms, corporates, and courtrooms are embracing technology through CLM tools, compliance […]