DO THIS
Consider purchasing and implementing a contract lifecycle management (CLM) system. If you cannot afford one, consider using templates and tools to track contracts and vendor relationships until your organization can.
NOT THAT
Lament the fact that your organization has not yet purchased one and do nothing.
WHY
A CLM system is not an automatic fix to all that ails your company. Often times, companies experience problems with contract management not because of a failure to automate.
Companies experience problems because of an internal failure to develop and implement solid manual processes.
If you take the time to create robust policies and procedures, create templates, and maximize the use of manual tools available to you, you will find yourself one step closer to successful implementation of a CLM system when the time finally arrives.
Interested in learning more on this topic? Join the convo on LinkedIn!
Turn off Microsoft Word’s Modern Comments in a few easy steps.
Understanding creator’s rights and the influencer marketing industry as a whole, will be pivotal to facilitating effective negotiations that lead to win-win brand partnerships.
Embracing a thoughtful contract design, focused on engagement models that emphasize autonomy, can significantly reduce the risk of reclassification.
Even though SOW requirements are usually drafted and approved by business folks, legal teams can add value.
Follow Contract Nerds
© 2022 Contract Nerds United, LLC. All rights reserved.
The opinions expressed throughout this website are not intended to provide legal advice or create an attorney-client relationship.
Follow Contract Nerds
© 2022 Contract Nerds United, LLC. All rights reserved.
The opinions expressed throughout this website are not intended to provide legal advice or create an attorney-client relationship.
By subscribing to our newsletter, you agree to our Terms of Use and Privacy Policy. We promise not to spam you!
