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How to Improve ROI of Contract Lifecycle Management Platforms

LawTechnologyToday

While contract lifecycle management platforms continue to increase in sophistication and popularity, they are still plagued by end-user dissatisfaction and low adoption rates that rob the investment of value. Contract management systems are sophisticated technologies that are intended to support a complex and dynamic process.

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Turnkey Contracts and Substituted Performance

LexForti

Summary: This article highlights the challenges of invoking the remedy of ‘substituted performance’ in case of breach of turnkey contracts, and suggests potential solutions for the same. To this end, this article shall analyze the challenges of availing substituted performance in turnkey contracts. Turnkey Contracts.

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Why is human-machine collaboration critical for contract analysis AI tools ?

Cenza

Artificial Intelligence (AI) plays a crucial role in enhancing the efficiency of Contract Lifecycle Management (CLM) systems by adding the ability to seamlessly track key terms and clauses in a digital contract repository. What does it take for flawless AI annotation for contract analysis? .

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Understanding the importance of legal matters for in-house counsel

LawVu

In this article, we’ll explain what is meant by a legal matter, why this can be such a useful lens for managing legal work, and how the right matter management system can be a game-changer for in-house counsel. These types of work are important, and it’s beneficial to think of them as a subset of in-house matter management.

Legal 52
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Launching Today: Traact Is An All-in-One, ‘Tech First’ Platform for Managing Corporate Legal Functions

LawSites

Intended for customers in both corporate legal and law firms, Traact offers modules for entity management, permits and licensing, board management, matter management, contract management, disputes and litigation, finance and taxes (including spend management), and document management. .

Legal 78
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Four Month After Launching, Traact Forms Strategic Partnership with Belgium-Based Klea to Serve Corporate and Law Firm Clients Globally

LawSites

As I reported in November when it launched, Traact’s all-in-one platform offers modules for entity management, permits and licensing, board management, matter management, contract management, disputes and litigation, finance and taxes (including spend management), and document management.

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6 Ways to Expand Your Paralegal Education

Paralegal Bootcamp

For instance, commercial litigation paralegals can benefit from CLEs explaining the methods of determining the appropriate type of business organization or drafting contracts. Community colleges offer non-credit courses in such areas as business formation, project management, finance, real estate licensure, and estate planning.