In the dynamic landscape of Contract Lifecycle Management (CLM), Contractzy (formerly known as the Legal Capsule), has positioned itself as a beacon of innovation. This forward-thinking Company recently achieved a significant milestone with the successful granting of a Patent that is poised to reshape the Global Contract Management landscape. This milestone introduces the concept of Online Dispute Resolution (ODR) into the realm of CLM, marking a transformative step forward for both businesses and legal professionals. Understanding Online Dispute Resolution (ODR) Online Dispute Resolution (ODR ..read more

In today’s world, there is a growing trend towards paperless and contactless solutions in our daily lives. The convenience and efficiency of digital processes are undeniable, as they eliminate the need for sifting through physical pages or fretting over the loss of important documents. One aspect of this transition that many of us engage in is e-signing. E-signatures have emerged as a crucial tool in the pursuit of a paperless existence. They allow individuals and organizations to electronically sign documents, eliminating the need for traditional pen-and-paper signatures. The process of e-sig ..read more

The Automobile industry is a global industry that produces vehicles for transportation, such as cars, trucks, buses, and motorcycles. The industry is composed of various players including vehicle manufacturers, suppliers, distributors, and retailers, that work together to design, manufacture, market, and sell vehicles. The automobile industry has a significant impact on the global economy as it is a vast industry that involves several areas of expertise, including engineering, design, manufacturing, logistics, marketing, and sales. The industry has undergone significant changes ..read more

Insurance Companies are known for its consumer finance business, which includes personal loans, home loans, and other types of loans. It also offers a range of insurance products, such as life insurance, health insurance, and general insurance. Insurance Companies have a wealth management division that provides investment and financial planning services to individuals and families. These Companies have become major players in the Indian financial services industry, serving millions of customers across the country. They have several hundred contracts with policyhol ..read more

A type of Artificial Intelligence known as ChatGPT was developed in November 2022. The recent innovation, which reached 1 million users in just 5 days has thrown the world into Chaos. “ChatGPT is the technology that is developing at the fastest rate the world has ever seen.” How does ChatGPT works? The beauty of any Artificial Intelligence (AI) system is it can be trained using the vast amounts of data it generates such as technological advancements, research findings and global societal norms up to that point. This means that it learns how things work, what technologies have been materia ..read more

In the year 2022, the Legal Profession experienced rapid changes in a wide range of areas, driving ongoing transformation. Priorities and pressures that were already in place expanded and new trends emerged for 2023.  As we approach 2023, there is no doubt that the Legal Industry is different from the previous years. Emerging Digital technologies will be of the utmost importance to Lawyers and those who employ them as the Legal Industry advances post- pandemic. The following are some of the most important trends in the legal industry that you can anticipate seeing more of in 2023. Workspa ..read more

The Information Technology (IT) Act 2000 is an Indian legislation that governs electronic transactions and electronic commerce in India. The Act was passed in May 2000 and came into force on October 17, 2000. Goal: Its primary goal is to provide legal recognition to electronic communication and facilitate electronic transactions by creating an environment of trust, confidence, and convenience. Provisions in the Act: The IT Act 2000 contains provisions for the regulation of digital signatures, electronic governance, and Cyber Crimes. It also outlines the legal framework for e-commerce and digit ..read more

Hey there! Whether you’re a Small, Medium, or Large Enterprise, Contract Management is the key to your success. But let’s face it, manually managing contracts from Proposal to Renewal can be a snooze-fest. Luckily, with Contract Life Cycle Management (CLM), you can do it all in one place.  Contract Life cycle Management is a process that involves digitally monitoring and managing all aspects of an Organization’s Contracts – from their creation to their expiration or renewal. It’s like having a Personal Assistant who takes care of everything related to Contracts, making the process easier ..read more

ChatGPT’s popularity has paved way for various debates and got many people talking about the future of Artificial Intelligence. While some people believe that AI is a threat to the working population and might take over some human jobs, others say that artificial intelligence will help humans with their jobs and lead to more efficiency. Infosys founder NR Narayan Murthy expressed his views about the future of AI and the viral chatbot, ChatGPT, that took the world by storm the moment it launched. At the 67th Foundation Day of the All India Management Association, NR Narayan Murthy, the Founder ..read more

In the words of CJI DY Chandrachud: “The Apex Court serves the World’s most populous Democracy and in true aspects is a People’s Court.”  On November 9th 2022, Justice DY Chandrachud assumed the position of Chief Justice of India (CJI) and completed 100th day as the Chief Justice Of India on Thursday 16th February 2023. Some of his most notable accomplishments thus far includes the smooth listing of cases and the live streaming of the Constitution Bench hearings. The Supreme Court has reached its full strength of 34 Judges during his tenure. The Supreme Court Collegium has recommended 12 ..read more