There is extensive discussion about the cost of hiring a lawyer. At the Codex event last week, hosted by Stanford law school, a number of presentations focused on ways that new technology will tackle the issues of cost and accessibility to the law.
If you are a professional in Contract & Commercial Management, committed to achieving the best possible outcomes from negotiations with all your trading relationships, then ‘Commitment Matters’ is the perfect source of regular articles and posts dedicated to helping you achieve that goal.
There is extensive discussion about the cost of hiring a lawyer. At the Codex event last week, hosted by Stanford law school, a number of presentations focused on ways that new technology will tackle the issues of cost and accessibility to the law.
Topics: contract /commercial management, legal, contract management
Non-compliance is risky. It leads to fines, job losses, reputational damage, lost sales. Since it is so important, businesses make substantial investments to reduce the chance of breaches – and of course a major element of those investments is people: reviewers, approvers, auditors, compliance experts.
Topics: contracting excellence, performance management, contract management
”To use machine learning responsibly, there is a need to ensure values are aligned.”
Topics: organization & people, contract management, communication
Are you confused about the differences between ‘outcome-based’ and ‘performance-based’ contracts? Or perhaps simply want greater clarity on how to form or manage them? Andrew Jacopino, an expert in their use, recently updated his blog articles on these topics, plus some outstanding guidance on defining KPIs.
Topics: contract /commercial management, contracting excellence, contract management
Many people ask “what is blockchain?”, but much more important is to understand “what can blockchain do?”
Topics: contracting excellence, Brexit, contract management
Larry Fink, CEO at Black Rock – the world’s largest asset management firm – has built the business around diversity. But he brings a new context to this theme, which he describes in a recent interview.
Topics: organization & people, contract management, communication
Many organizations do not have a well-defined, end-to-end contracting process. Frequently, contract-related activities appear as sub-elements in other processes – for example, in Product Lifecycle Management, Procurement or Project Management.
Topics: contract /commercial management, performance management, contract management
Whenever I run workshops about successful contracts and projects, there is always someone who raises the question of trust. There’s a widespread view that trust is the critical ingredient, making the difference between success and failure.
Topics: contracting excellence, organization & people, contract management
Compliance is important. In any large organization, rules – and clarity over the authority to deviate from them – must be defined.
Topics: contract /commercial management, organization & people, contract management
“Sourcing without SRM is like selling without Account Management”.
Topics: contract /commercial management, procurement, contracting excellence
Tim Cummins
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