Roll your own Contract Repository For organizations on tight budgets or with small contract volumes, here’s how you can roll your own contract management. See our Keeping Track of Contracts in Excel post to download our free Excel template. Step 1 Assign Responsibility The first and most important step is assigning responsibility inside your business …
Excel as a contract tracker tool appears to be here to stay. Incredibly, 60 percent of federal contractors say that they use Excel to track their agreements (according to Baker Tilly) – which means that if you’re keeping track of contracts in Excel, you’re not alone. We don’t recommend it for everybody, though. In the …
A subcontractor contract is a formal written document detailing the deliverables, timeline, and other important factors during a partnership between contractors. There are various elements that subcontractors should watch out for that will impact the agreement. This week, we we’ll be sharing a checklist of items you should include in your subcontractor agreement to ensure …
Like its name suggests, an exclusive contract is one that restricts a party from providing the same goods/services to others for a specified period of time. This can also be applied in the context where a company obtains exclusive rights and agrees to do business exclusively with another company. We’ll examing exclusive contracts in some …
Having a proper termination process within your company is just as important as hiring and onboarding – and notifying people is an important part of the termination process. So in this article, we’ll be sharing some tips and templates to guide you in drafting up professional contract termination letters. Contract termination is inevitable in every …
All contracts have an expiration date, whether they’re vendor contracts, employment contracts, tenancy agreements or another type of contract. When that expiration date approaches, you may need to send a formal contract reminder letter to remind the parties of the impending expiry, or to renew, renegotiate or cancel the contract (ideally, before the contract expires). …