Home

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. 

Continue Reading

Contract Lifecycle Management (CLM) Modules – Assembling Faster, Smarter

By ContractRoom on Apr 19, 2018 11:00:19 AM

While every contract has unique characteristics specific to the commercial transaction, there are certain features that lend themselves to standardization. Indeed, most contracts have been assembled by business and legal teams with a ton of “cutting and pasting” from various contract templates; however, with a lack of systemic control.  This can create what is known as content customization, worse yet and a ‘legal exception’ given the amount of complexity and risk a simple word change can generate. That is, content changes in the document assembly process can trigger a significant change in the intent or context and not be caught by the ‘naked eye’ in such process. So, if your company is a behemoth, or the proverbial “800 pound gorilla”, then maybe you can get away with just locking down your assembly process so no internal changes can be made.  And even not allow for editing or negotiation with your counterparty.

Continue Reading

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.

Continue Reading

A short history of legal drafting (Part 2)

By Katie Cook on Mar 8, 2016 2:10:38 PM

Modern legal language and the future of legal drafting

A push towards Plain English language and a push back?

Read Parts 1 and 3 of this aricle series here:

Part 1 - http://blog.contractroom.com/a-short-history-of-legal-drafting-part-1 and

Part 3 - http://blog.contractroom.com/innovative-approaches-to-standardizing-contracts 

Continue Reading

Agree More with ContractRoom!

Request Demo

Lists by Topic

see all

Posts by Topic

see all

Free eBook Download Section

Download "A Short History of Legal Drafting"
Download "What the Future Holds for Contract Management"
Download "Essential Principles of Software Selection"
Download "Building a Transformative Contract Management Practice"