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There’s no reason why any business would willingly add risk to their agreements and partnerships. It’s always better to have built-in legal protection in contracts for all parties involved. And this is where the force majeure clause comes into play when managing contracts.  It protects parties in unfortunate times of unpredictable events. So, if you want to…

Addendums are used to edit the terms of a contract so parties do not need to create a new one from scratch. The International Association for Contract and Commercial Management (IACCM) states that over 70% of contracts need addendums at some point in their lifecycle journey. It’s a natural process since project scopes often evolve, and business…

It did not take long for Agentforce to become the hottest topic of 2024. This innovative platform, powered by Einstein AI, was praised by Marc Benioff, Salesforce’s CEO and founder, as the most exciting tech that will forever change how companies and software work.  We have already seen Salesforce go through its first and second waves of…

Wouldn’t you want to know whether the agreement you are entering into is legally enforceable? According to a study conducted by the International Association for Contract and Commercial Management (IACCM), 9% of contracts end in misunderstandings. The disputes between the parties in an agreement are due to the vague terms and conditions laid out in a contract’s…

After studying the topic of pre-contract documents, the Journal of Strategic Contracting and Negotiation found that companies using Memorandum of Understanding documents encounter 30% fewer disputes than those without. This statistic makes sense to us as the purpose of Memorandum of Understanding documents are to clearly communicate the expectations of working together on joint projects. These formal…

The Project Management Institute (PMI) conducted a study which found that 68% of high-performing companies create formal Statement of Work (SOW) documents. This exercise forms part of their common tasks in project management spaces. Interestingly, the study indicates that these companies are more likely to meet their project goals. Would you like to do the same? Follow…

As of 2023, over 150,000 organizations use Salesforce as their customer relationship management (CRM) platform of choice. The admins and developers of these worldwide organizations, big and small, depend on Salesforce Workbench to help them manage data, test APIs, and work with metadata.  If you are one of these users with a Salesforce license and want to…

It’s a formal, non-legally binding agreement between two or more entities. Within a Memorandum of Understanding (MOU) agreement, one can find the following information: According to MasterClass, up to 60% of private-sector businesses create MOU agreements in the partnership negotiation phase. This makes sense to us since MOU agreements provide precise details of each party’s responsibilities and…

Also known as Data Cloud, Salesforce CDP is recognized as a market leader in Gartner’s 2024 Magic Quadrant for CDPs. If you want to find out more about this robust solution, join us in the article below for an overview of Salesforce Customer Data Platform (CDP).  Salesforce CDP Defined Salesforce’s Customer Data Platform integrates customer data from…

Every contract is unique, but according to the Institute for Financial Literacy, 25% of mortgages now have acceleration clauses. These clauses protect lenders in times when individuals who have borrowed money cannot repay it or have somehow violated the terms of the contract. In this situation, the lender has the legal right to demand their loan repayment…