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Contracting Models (Agile, Relational, Performanced Based Contracting)

 
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Templates

Templates are good to have however, there is no "One Size Fits All" approach every template requires some amount of tailoring as every deal is different. Having said that templates definitely save lot of time and energy which otherwise would have been spent in typing and proof reading. The bottom line is that organizations must have templates but they cannot be considered as panacea to all the legal drafting problems.

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Smart Contract Use Cases for Contract Management

I am starting this discussion for community awareness and brainstorming, the possible use cases of Smart Contract in our Contract Management world. I will post use cases that I believe will take benefit of the blockchain technology. I will also share use cases that are currently in deployment, although on a small scale, since this technology itself is in its nascent stage. For those who are not familiar with what Smart Contracts are, please search this or other forums first, before posting any questions here.

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Purchase Orders for Resource Contracts?

Hello - We have a very large contingent work force and are continually renewing short term rate cards due to the dynamics of business needs. I am sure you can imagine that this take a lot of legwork with regard to processing renewals and keeping up with Master Agency Agreements on a regular basis. I also work closely with the Accounts Payable group and what we also find a challenge is the back end processing to get those vendors/agencies paid. We currently use purchase orders (really contract numbers from our CLM system) but these tend to be time consuming as well, I just wanted to see what everyone else was doing out there?

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