Category: Titan Docs
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…
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…
To us, it’s a legal document that details an agreement about borrowed money between two parties. The one party is called the borrower, and their role is to repay the amount of money listed in the promissory note to the other party, known as the lender. The date on which the financial transaction takes place will also…
According to Harvard Business Review, businesses that have a formal sales process with pipeline stages, enjoy up to 28% in revenue growth. For this reason, businesses should strive to create detailed pipeline stages when they want to focus on boosting sales. If this is your time to create a sales pipeline and want to know more about…
