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Future contracts: The future is written in paper

By ContractRoom on Sep 19, 2018 9:41:20 AM

Like we’ve mentioned earlier on our blog, there are many types of contracts. And what ContractRoom does is work with all types and simplifies their structure digitally  to make for faster, smarter negotiations. That’s why today we’ll talk about ‘future contracts’.

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Basic Terms You’ll Encounter during the Contracting Process

By ContractRoom on Jun 13, 2018 9:55:06 AM

Contracts vary in their structure, complexity and goals, but they can safely be defined as legally binding agreements between two or more parties made voluntarily.  They are frequently multi-layered and subject to endless back and forth negotiations before they are finally executed, but they share a similar language that helps streamline their creation.  It is important to always read and understand exactly what is expected of you before signing a contract, but with a handy glossary of basic contracting terms, you can get know at a glance the terms you’ll see more than once during the contracting process. 

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Smart Contract Operations - Contract Compliance

By ContractRoom on May 24, 2018 9:34:08 AM

Nothing can strike fear into the hearts of attorneys or businesses like “breach of contract.” Contract negotiations are tedious, exhausting and overwhelming. When a hard fought executed contract is found to be non-compliant, the results can be devastating to all parties involved. While a simple verbal contract, which meets minimal criteria can be legally binding. For business transactions memorialized in writing, contract compliance is significantly more rigid and complex.

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Smart Contract Operations – Faster, More Accurate Way to Process Agreements

By ContractRoom on May 11, 2018 12:54:42 PM

In a perfect world, business and legal activity would flow smoothly, employee productivity would be peak levels, and work/life balance would be mandatory.  But, since the world is far from perfect, corporations and their employees must do their best with imperfect environment. However, much of the business world is seeking a transformation of internal operations to achieve greater efficiencies and outcomes. With respect to the operation of business transaction contracting, there are several success stories of corporations embracing technology to help foster and achieve success – the key though is to lay the proper foundation which in some cases requires re-engineering process flows.

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Configurable Software Applications - the Need

By ContractRoom on Mar 30, 2018 10:18:20 AM

Companies rely heavily on software applications to help with everyday business and
legal activities to facilitate getting done accurately and timely. But many of these organizations are growing rapidly and their operations are constantly evolving to scale and optimize, so they want and need technology that is configurable. And therefore they are now demanding that their software applications be adaptable, scalable , and flexible not only to their particular business and industry, but also to the individual work styles of their employees so as to enhance productivity and accuracy enterprise-wide. 
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Contract Writing Best Practices: The Argument for Standardization

By ContractRoom on Jan 10, 2017 7:30:00 AM

Contract standardization has a history that is almost as long as contracts themselves. Due to the complexity of contracts as well as to the legal aspects of contracts, businesses and individuals have long used standardization practices in conjunction with all phases of the contract practice, from what contracts say to how they are presented and approved.

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Contract Writing Best Practices: Balancing Plain Language and Legalese

By ContractRoom on Nov 25, 2016 6:30:00 AM

Contracts have a well-known reputation for being dense, technical, and even completely incomprehensible–and historically, people expect contracts to be baffling fine print that can only be interpreted by attorneys.

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Contracting in HBO’s Silicon Valley

By Katie Cook on Sep 8, 2016 8:00:00 AM

The third season of HBO's Silicon Valley is now complete and Pied Piper has just released its product to market. Several hurdles have been overcome in the journey to this level of fruition including one of the key executives of the company being trapped in a self-driving car and large amounts of code being accidentally deleted.  Legal complications have also played a large role in the plot lines, including many issues related to contractual agreements.  These include:

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The commercial contracts of the 2016 Olympics: Who are the winners?

By Katie Cook on Aug 11, 2016 11:42:54 AM

Analyzing the commercial contracts of the 2016 Olympics: Who are the winners?

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4 tips for carrying out exceptional clinical trials

By Katie Cook on Jun 30, 2016 10:11:26 AM

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