We live in a contractual world. Regardless of a business’s size or scope, negotiating and signing contracts is an important (and fairly routine) part of operating a business. Depending on the complexity of the matter, it may be wise to involve legal counsel prior to entering contractual obligations. Of course, plenty of executives are adept at the art of contract negotiation, so experience and custom may dictate whether legal advice is necessary. No matter who finalizes an important contract, once it has been executed, it can’t simply be filed away and forgotten about.Read More
As companies grow, they accumulate more and more contracts. Eventually, contract owners start tracking important dates in a spreadsheet or Outlook so they don’t forget them. But this ad hoc way of managing contracts gradually becomes unwieldy, risky and costly. The question is, what is that point, and how do you know it’s time to consider a more purpose built solution?
Welcome to the ContractWorks blog! We will be posting items here that are pertinent to our market niche, contract management, as well as other relevant business matters. Before we dive right into those topics, we wanted to briefly introduce ContractWorks: who we are, what it is we do, and why we decided to do it.