Tags » Legal & Regulatory

Is technology the death knell for contract management?

This week, my major focus has been on technology and its likely impact on the world of contracts and contract management. It included a day at the MIT Labs, meeting with academics, legal and technology experts and then proceeded with a West Coast tour that embraced Los Angeles, Silicon Valley and San Francisco, having discussions with technology start-ups and several of the more established providers. 562 more words

Contract / Commercial Management

What is contract compliance?

Is contract compliance about strategy, process, policies or individual obligations? Is it about specific performance or conformance with regulation? Is it focused on internal operations or external relationships? 466 more words

Contract / Commercial Management

Be wary of rules - and the behaviors they induce

The Financial Times this week reported on a study that investigated the behavior and attitudes of New York cab drivers. The research led them to conclude that ‘regulatory constraints can prompt sharp practices (including fraud) to recover lost ground’. 234 more words

Contract / Commercial Management

When contracts fail ....

“Why is it called contract failure? It’s failure of a relationship.”

That was the reaction of a group of law professors in Tokyo this week, when I showed them a set of newspaper headlines highlighting ‘failed contracts’. 384 more words

Contract / Commercial Management

War & Peace in the world of contracts

There are some undeniable trends in the way that trading relationships are being formed and managed. Among the most significant are the push for improved outcomes and greater value for money. 568 more words

Contract / Commercial Management

Can contracts really change?

Impenetrable, incomprehensible, confusing and downright boring. These are a few of the words commonly associated with contracts. Whether it is the way they are designed, or the way they are worded, the overwhelming majority of contracts merit those descriptions. 636 more words

Contract / Commercial Management

Transactions or relationships - what does the future hold?

Almost 60% of contract practitioners expect contracts to become more ‘relational’ and less ‘transactional’ in the next few years. That’s according to the results of a worldwide survey on ‘The Future of Contracting’ that IACCM has been conducting since last November. 370 more words

Contract / Commercial Management