Category: Document Generation
We understand in the world of generating revenue, closing a deal with customers is more important than manually entering data into Salesforce, or sending an email to follow up with a lead. These examples of manual and repetitive administrative tasks usually get left behind as sales representatives are focusing on higher-priority tasks, like selling products and services…
Do you need contract negotiation training? A program of this nature can teach professionals how to negotiate contracts with proven strategies. The modules would normally cover the following topics: If you are frustrated with previous contract negotiation attempts and have decided you need skills to improve your business goals, join us in the article below. We have…
Posting on Quora, a Talent Acquisition specialist (with over 27,000 answers) has found that 70% of people work. That means there are around 5 billion jobs performed on this earth. These statistics show a staggering number of job roles in our world. We can imagine each position has unique requirements, protection for employees, and benefits offered by the…
The National Association of Realtors (NAR) reports that 7% of real estate purchase agreements collapse. Ultimately, this means that the sale did not go through as planned. According to NAR, the reason for this failure is that finance, house inspections, and other contingencies were not met in the purchase agreement. In the moment, a stalled sale might…
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…
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…
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…