What Is a Contract Amendment? How Can Contract Amendments Be Managed?

    By Sean Heck on 08/21/24

    reading-minutes-icon-one-color 4 min read

    A contract amendment is a modification of the terms and conditions of a contract or subcontract.

    Though we will explore contract amendments more in-depth, it is worth noting that changing the structure, duties, obligations, or rights of a contract requires increased oversight.

    To that end, let's explore contract amendments and how disparate, important, and sensitive information can be managed, and contract amendments can be executed smoothly for effective contract management.

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    5 Technology Adoption Stages & A Strong Adoption Strategy

    By Sean Heck on 07/23/24

    reading-minutes-icon-one-color 4 min read

    As a regular old consumer and - perhaps - a part of a successful business, you know that technology evolves so speedily that it is sometimes overwhelming. Adopting new technologies follows distinct stages that can influence an organization’s competitiveness and growth. These technology adoption lifecycle stages, often categorized into innovators, early adopters, early majority, late majority, and laggards, provide a bell curve framework for understanding how technologies diffuse across markets. Here, we explore each stage and outline a robust adoption strategy to navigate them effectively.

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    Implied Contracts: A Guide to the Unspoken Agreements in Business

    By Sean Heck on 12/12/23

    reading-minutes-icon-one-color 7 min read

    Welcome to our comprehensive guide on implied contracts! Whether you're a business professional, a law student, or just curious about the fascinating world of contracts, this blog is designed to offer you a fun yet professional insight into the realm of implied agreements. Let’s dive into the world where words are few, but intentions speak volumes.

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    Unleashing the Power of AI in Contract Management for Lawyers

    By Sean Heck on 10/24/23

    reading-minutes-icon-one-color 4 min read

    Legal professionals are increasingly leveraging technological innovations to enhance efficiency, time savings, and accuracy. One of these powerful tools for legal work includes AI systems. AI for lawyers has become a cornerstone in transforming traditional legal practices. Legal AI is not a concept of the future but a present reality, altering the landscape of contract management and various legal processes. Such automated tools have not replaced lawyers; instead, they save time on processes such as document review and those that involve managing a large amount of data, stakeholders, tasks, and contract executions.

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