Loading...
 
 

A Peek into the Future of Commercial Transactions: Smart Contracts, Relational Contracting and the IACCM Principles

Published: 13 Sep 2019 Average Rating: 4.7 / 5 Print
 

Author: Lita Bollimpalli, Jerome S Silber

At the 2018 IACCM Americas conference, sourcing and legal department representatives from some of the top companies in the world met to learn about the future of contracting. The hot topics were smart contracts, relational contracting and the newly launched IACCM Principles. Each of these initiatives is being pursued in one form or another by many legal departments, but almost always as separate and distinct efforts. By combining the three initiatives, Legal can elevate its stature within the business by reducing costs and optimizing the value of its services. In a world where agility is valued and delay is not an option, every general counsel is looking to streamline contracting processes and to help clients more quickly recognize revenue. This is where the combined initiatives really show their value.

 

This content is only available to members.

Register Now   Sign In
 

Related Discussions

Please sign in or register to post on this forum

Clarivate
2020-07-29 23:12:10

Contract Forgery and other Fraud (Sell-side POV) - What preventive controls do you have in place and does your organization allow sellers to send contracts to customers directly for signature/review

Hello Folks: We have a number of processes in place to present various types of contract fraud for example customer forgery or side letters which we do not tolerate....
 
 
Replies: 1

Marshall Denning
2019-06-12 10:55:59

8 payment schemes

Jacko mentions there are 8 different payment schemes - do we know which?
 
 
Replies: 1
Anonymous
2019-02-12 17:03:56

Limitation of Liability

I was recently having coffee with four other individuals involved in contracting for IT Professional Services. During the course of conversation one of the participan...
 
 
 
 
Replies: 3
Anonymous
2019-01-03 10:38:17

ADVICE NEEDED: difficult contract management position - customer & shareholder contracts

Hi, My company outsources key services to another company (Company X). However, we also own a portion of Company X as it was set up as a joint venture. I am the contr...
 
 
 
 
 
Replies: 4

Schlumberger
2018-01-29 08:41:59

Provisions for Non-disclosure agreements

In the case of NDAs is it appropriate to carve out consequential losses? In my opinion, any breach of NDA will lead to consequential losses. For example in a pre-awa...
 
 
 
Replies: 2
Anonymous
2017-06-05 10:26:29

BEST STRATEGY FOR BACK-TO-BACK SUBCONTRACT

Dear All, I wish to execute a back-to-back subcontract with an entity, with a past record of not always collaborating with Contractor. I intend drafting a stand alone ...
 
 
 
 
 
Replies: 4

sussex university
2019-08-15 09:05:18

Telecoms relationships - moving to Cloud / getting the most our of hosting partners

Does anyone have experience of Contract Planning re hosting agreements/telecoms partners/moving to cloud? It would be great to form a bit of a support group/knowledge ...
 
 
 
Replies: 2

Eureka Consulting, LLC
2020-08-27 11:25:55

Cross Cultural Communication

A Lesson in Cross Cultural Communication https://www.linkedin.com/pulse/lesson-cross-cultural-communication-iruka-a-ndubuizu-ll-m
 
 
Replies: 1

Avon Cosmetics Ltd
2020-08-03 17:04:51

Outcome based commercial model

Hi, we're looking to evolve one of our outsourcing contracts from traditional FTE's governed by SLA's to outcome based contract and metrics. Does anyone...
 
 
 
 
 
 
Older entries »
Replies: 5