PRINCETON, NJ (Feb. 27, 2025) - CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – has released a guide emphasizing the critical difference between "goods" and "services" within contracts. This distinction is essential for clarity, compliance, and successful contract execution.
CobbleStone delves into the nuances of classifying deliverables as either goods or services and the implications for contract terms, legal obligations, and risk management. It highlights the importance of precise language and clear definitions to avoid ambiguity and potential disputes.
"In the world of contract management, clarity is paramount," says Bradford Jones, Vice President of Sales & Marketing at CobbleStone Software.
"Understanding the fundamental difference between goods and services is crucial for creating effective contracts that protect the interests of all parties involved. This guide provides valuable insights to help organizations navigate this critical aspect of contract creation."
Join CobbleStone as they cover key topics such as:
> Defining goods and services in a contractual context
> The legal implications of misclassification
> Best practices for clearly specifying deliverables
> How CLM software can help manage contracts involving both goods and services
"CobbleStone's Contract Insight CLM software empowers organizations to effectively manage contracts of all types, including those involving both goods and services. Our platform provides the tools to clearly define deliverables, track obligations, and ensure compliance throughout the contract lifecycle," continues Jones.
This informative guide is a valuable resource for contract managers, legal professionals, and anyone involved in the creation or management of contracts. It provides practical guidance and insights to ensure contracts are clear, enforceable, and aligned with business objectives.
Click here to read the full blog post.
Contact CobbleStone Software for a free demo.
For more information, email Sales@CobbleStoneSoftware.com or call 877-941-6238.
About CobbleStone Software:
CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone's contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.
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