Got no time to read? Listen to our blog on the go COVID-19 taught us that your office can be closed immediately if it’s what the government orders. We also learned that one sick employee is enough to send the whole team home.  Almost overnight, we switched from doing everything at the office to conducting team calls, business meetings, and even interviews online. Ever since companies were forced to shift to remote work, “work from home” has become the new normal for many. However, whether it’s your employees switching to work from their beds home or you’re hiring somebody for a remote p ..read more

Got no time to read? Listen to our blog on the go What if you always knew which decision would get the desired result? You’d never make a mistake at running a business. You’d always be successful. And you’d never face an issue. This is what we call a utopia.  Unfortunately, utopias don’t exist. But depending on how you use your company’s data, you can still enable data-driven decisions that will help you reach your business goals.  To better understand how data works, there are 4 levels of data maturity: Descriptive data: “What happened?”  Diagnostic data: “Why did it happen ..read more

If you suggest to a lawyer that you let another unit handle their job, their likely response will be a scoff, chuckle, and shake of their head. Considering the number of years they’ve spent mastering their craft, such a response is logical. In their minds, they’re probably thinking, “How can anyone complete legal work without a proper legal education?” However, the ability to delegate work is critical for optimizing processes. Lawyers will be able to spend less time on low-value tasks. Their renewed focus on high-level work will help their company grow while preventing their colleagues from ..read more

Contract signing might seem a trifling matter. The catch is that clients tend to make countless edits, delaying the process. Then you can get tangled up in the pile of copies you must read over and over to get through to the right version. A trifling matter turns into a traumatic experience… We aren’t therapists, but we do suspect what prevents you from closing the deal. Let’s check what mistakes can delay your contract signing ceremony. Top 8 Mistakes That Keep You From a Successful Deal The mere intention of cooperation doesn’t guarantee success. The contracting process involves many stage ..read more

Your company’s performance can be defined by how well you sell and how you buy. Regardless of the industry, there are always two sides to every deal, and you’ve likely been on both at one time or another. Consequently, the way you manage both sell-side and buy-side contracts directly impacts the success of your business.  By knowing their specifics, similarities, and differences, not only can you achieve your organizational goals faster, but you can also set more ambitious ones. Definition of Buy-Side Contracts In simple words, buy-side contracts are agreements that define the receipt o ..read more

?Our lawyer will have your documents ready in a minute. Once that?s done, you?re officially hired.?  This is arguably the most common, and potentially only, interaction that many people have with legal. It stands to reason when you realize that numerous employees see legal as a department that only prepares some necessary paperwork. Yet if you ask people about legal?s main function, the vast majority will answer that it?s to protect the company. While true, nowadays legal is more than that: It takes part in financial management, strategic planning, technology implementation, and more.&n ..read more

You’ve probably heard about ChatGPT – it’s still one of the hottest topics of today. You ask it to write about a certain topic, and it does. It’s a nice tool for copywriters and journalists, but if you think it won’t help you unless you’re a writer, think again. ChatGPT is a disruptive technology that many industries can benefit from. It’s been trained to comprehend what humans mean when they ask a question (and sometimes understand it even better than humans ). But the important takeaway is that it’s capable of more than just creating copy. It can also elevate automation to a new level and ..read more

Legal is a valuable strategic business partner who is capable of significantly impacting an organization’s performance. That’s why legal departments should be run like a business who sets and analyzes KPIs to measure operations.  At the same time, measuring performance can be a challenge considering that Legal’s functions include ensuring compliance, managing legal risk, and preparing contracts.  You need something concrete if you want to evaluate and present the legal department’s contributions to achieving the company’s goals. But which KPIs will prove a department’s value to exe ..read more

Closing a new deal is always exciting. Nevertheless, it’s just the beginning, and to set the terms of cooperation in stone, your first step is to sign a sales contract.  Sales contracts specify a deal’s expectations, and delivering on those expectations can help you establish long and mutually beneficial business relationships.  Yet if there’s ambiguity, issues may occur. For example, your customers might expect something you can’t deliver. To avoid such misunderstandings, it’s important to know how to write the five essential elements of sales contracts. What Is a Sales Contract ..read more

Lawyers do 80% of contract management, such as document drafting and reviewing, while non-legal professionals take on just 3.7% of this work.  Since a contract is usually a complex legal document,  this proportion makes sense. Still, the distribution of responsibilities also places a heavy workload on your legal team. This is sometimes unnecessary, as non-legal employees with a basic understanding of contract terminology can usually carry out simple tasks themselves, thus speeding up your contract workflows. If faster, more efficient workflows sound appealing, you’ve opened the rig ..read more