When most of us think of contracts, we think about what we would call a bilateral contract. A bilateral contract is an agreement between two parties. Unilateral contracts are agreements where one individual or organisation (party) makes a promise or offer in exchange for something performed by someone else The key part being that the …
Customers use contract approval software for better contracting process. More often than not, the missing part is a way to manage contract approvals. You know the pain – you need to order a big piece of machinery, but it needs to be signed off by accounting before you can. This kind of internal flow holds …
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 …
Working in the legal field is a mentally stimulating career. It seems there’s something new to learn every day. At Contract Hound, we have the privilege of helping those in legal, finance, marketing, and other departments manage their contracts using reminders. One of the reasons our customers love us over other contract management software tools is …
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 …
Do you ever get the nagging feeling that you’re forgetting something? For instance, when is your insurance policy going to end? Your parking permit? Your mobile phone plan? That utility contract? There’s a lot for us to keep track of. And if you’re a growing business, there’s even more. So it’s no surprise that more people …
How many insurance policies are currently protecting your business? It’s not a simple question. Most businesses have a range of insurance policies protecting different types of assets. And unless you’re paying attention, the policies you have in place can easily expire without your knowledge. If you’re not aware that your insurance policies have expired, then …
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 …
So many contracts. So many brand names. Such little time! But if you’re wondering about the differences between ContractSafe vs ContractWorks, we’re here to help. And perhaps also to persuade you that Contract Hound might be a better choice… As well as being more imaginatively named 😬 Here’s what we’ll cover: Contract Hound: An Affordable …
As your company grows in size, so does the number of contracts you have to manage. When you have a sizable contract repository, it is a good time to consider adding a contract manager to your growing team – but what skills should you be looking for? Contract managers play a critical role in companies …