Harshita Garg

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Contractual Obligations: A Comprehensive Guide for Businesses

Contractual obligations are the promises each party agrees to in a contractβ€”think payments, deliveries, or confidentiality. These commitments build trust and prevent disputes. For example, in a construction deal, you'd promise payment, while the contractor ensures quality work. Common Types of Obligations include delivery terms, payment schedules, quality benchmarks, penalties for breaches, and confidentiality clauses. If you can’t meet an obligation, review your contract, talk to the other party, and seek legal advice before panicking. Handling contracts manually is riskyβ€”missed deadlines, poor version control, and security issues are common. A contract management platform, like SpeedLegal, centralizes everything, automates reminders, and enhances collaboration. It’s smarter, faster, and error-free. Why struggle when SpeedLegal simplifies the entire process? πŸš€
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Balancing Precision: Humans vs. AI in Contract Law

AI is reshaping contract review in the legal industry, boasting higher accuracy and speed compared to human analysis, while still facing challenges with context and nuanced interpretations. This blog compares the strengths and limitations of both approaches, illustrating how tools like Speedlegal's AI empower users to grasp complex contract provisions efficiently.
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Wet Signature vs. Electronic Signature: Which One is Right for You?

Wet signature vs Electronic signature which one is perfect for you
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The Collaboration between Humans and AI in Contract Review and Management.

Collaboration between Humans and AI in Contract Review and Management.
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What Are Contract Redlines?: The Ultimate Guide.

Welcome to your ultimate guide to contract redlining!
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What is a Statement of Work (SOW) - An Exhaustive Guide

The Statement of Work (SOW) stands as a guiding light in the complex world of project management and contractual agreements. It is a crucial document that carefully outlines the objectives.
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Contract Renewal Checklist: 10 Things To Look For Before Renewing Contracts

Master contract renewals with expert guidance! Navigate renewals like a pro, optimize contracts, and mitigate risks.
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Contract Disputes: A guide to resolving disputes efficiently

Discover how to navigate contract disputes seamlessly. From understanding disputes to resolution strategies, gain insights for smooth negotiations
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How to terminate a contract without a termination clause

Discover how to end contracts without a termination clause easily. Learn about methods like breach, rescission, mutual agreement, and more!
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Data Analytics in Contract Compliance: Simplifying Oversight and Accountability.

Unlock contract management excellence with Data Analytics! Elevate precision, mitigate risks, and save costs. Explore the future with SpeedLegal.
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Top Contract Management Software Trends of 2024

Navigate the dynamic landscape of Contract Management Software in 2024! AI-driven visibility, NLP simplifies contracts, Blockchain security, CLM integrations, and more for organizational excellence.
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Contract Analysis: The Power of AI-Driven Solutions and Navigating Success

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5 Contract Management Best Practices: Business Optimizing

Unlock business growth with effective contract management! Streamline processes, enhance efficiency, and mitigate risks. Explore essential practices now.
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What is a Breach Of Contract?

Dive deep into the breach of contract – its types, implications, and remedies. Uncover the essentials of business agreements, the consequences of non-compliance, and ways to safeguard your interests. An essential read for businesses and legal enthusiasts!
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Lease Agreement Essentials: What to look for Before You Sign!

Explore essential lease agreement clauses for landlords & tenants. Ensure a seamless rental experience with this comprehensive guide.
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MSA vs SOW: How to Decide the Right Contract?

Learn how to choose the right contract for your business collaborations! Understand the differences between MSA and SOW, and their roles in effective management
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How to Review a Licensing Agreement under 30 minutes

Learn how you can review licensing agreements in under 30 minutes and protect your rights. Try SpeedLegal now!
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How to Review an Employment Contract under 30 minutes!

Discover how to review employment contracts efficiently and protect your rights
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Understanding Payment Processing Services Agreements: A Crucial Aspect for Business Success

Mastering Payment Processing Services Agreements for Business Success. Discover the crucial aspects and expert tips. Simplify with SpeedLegal now.
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Consulting Agreement: All you need to know!

Learn all about consulting agreements, types of consultants, and the benefits of using a consulting agreement for your business. Discover the key elements and cost of review. Streamline your contract management with SpeedLegal's advanced features. Try it now!
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NDA Review: Under 30 minutes!

Protect your business interests with a fast and efficient NDA review process. Learn how to review an NDA in under 30 minutes using SpeedLegal.
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What is Contract Lifecycle Management? - From Chaos to Order

Discover how Contract Lifecycle Management (CLM) can streamline your contract management process and improve efficiency. Learn about CLM software and automated contract management, centralized contract repository, and contract authoring workflows. Get insights on contract analytics and the benefits of using CLM software.
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What's in Store for Non-Disclosure Agreements? Trends and Predictions

Discover the latest trends and predictions for the future of non-disclosure agreements (NDAs)! Learn how NDAs are adapting to the modern world, from AI use, standardization, and data protection to blockchain technology, enforcement, and ethical considerations.
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Top 10 Contracts That A CEO/CFO Must Know About

Learn about the 10 essential contracts that every CEO and CFO should know about! From employment contracts to non-disclosure agreements and service agreements, discover how these contracts can benefit your business and protect your company's interests.
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Securing Data Privacy in the Age of AI: How Businesses Can Use ChatGPT Responsibly

Discover how businesses can ensure data privacy while using ChatGPT, an AI language model that generates human-like responses. Explore how ChatGPT is impacting data privacy laws and how businesses can responsibly use AI to protect customer data.
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What to Look for in Contract Management Software: A Comprehensive Guide

Learn how contract management software can improve workflow efficiency, reduce contract risk and boost revenue. Features to consider before investing.
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Understanding Employment Agreement: Essential Features You Need to Know

Learn why your employment contract is more than just a piece of paper. Understand the essential components and benefits of having an employment contract.
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Partnership Agreement: Everything You Need To Know

Learn why having a partnership agreement is important for your business. Understand its essentials and benefits to avoid conflicts and disputes.
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Things You Need To Know Before Signing A Non-Disclosure Agreement

Learn the key clauses to look for before signing a Non-Disclosure Agreement (NDA). Protect your confidential information & avoid legal repercussions.
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How Is AI Changing Next-Generation CMS?

Discover how artificial intelligence is revolutionizing the contract management industry. Discover how AI can identify risky contract provisions and flag dubious contract terms, and how it can help companies make informed decisions about how to handle and negotiate contracts.
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Agreements Required To Raise Capital In Any Start-Up

A comprehensive guide to raising capital for your startup. Learn about the most commonly used investment agreements such as Investment Agreements, Shareholder Agreements, Subscription Agreements, Share Purchase Agreements, Business Loan Agreements, Asset Purchase Agreements, and Venture Capital Agreements: Term Sheets. Protect your startup and grow your business with the right financing strategy.
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ChatGPT And Its Effects On The Legal Industry

Are you curious about the impact of AI on the legal industry? In this blog, we take a deep dive into OpenAI's latest creation, ChatGPT, and explore the legal implications of this revolutionary technology. From the potential risks to intellectual property to its potential to change the way we practice law, this blog is a must-read for anyone interested in the future of AI and the legal profession
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What’s In Store For CLM In 2023?

Are you ready for the future of contract management? The world of digital contracts is constantly evolving and 2023 is no exception. Don't get left behind, stay ahead of the game with the latest insights and predictions for contract management. Find out what's next for CLM in 2023.
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Things Start-Ups Should Know About In SAFE Agreements

Are you looking for a way to fund your start-up without the hassle and expense of negotiating complex stock documents? Do you want an alternative to convertible notes that does not create debt for your business? If so, a Simple Agreement for Future Equity (SAFE) may be the solution you need. Here's all you need to know about it.
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7 things No One Will Tell You In Licensing Agreement

You are probably no stranger to streaming services like Netflix, Amazon Prime, and Hotstar. But have you ever stopped to think about the terms and conditions that come with accessing this content? In this blog, we'll introduce you to some interesting clauses in a license agreement that you may not have paid attention to before. Read the full blog to find it out.
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How Sales Leaders Can Use Next Gen CLM Software To Close Deals Faster

Deals don’t always close as quickly as we would like. The contract review, approval, and negotiation phase are too often a stumbling block on the road from quote to cash. Here's what you can do today to speed up this process from 3 weeks to just a few minutes.
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5 Upcoming Trends In CLM To Watch Out For

The field of CLM has changed a lot in recent years. Legaltech companies are coming up with more innovative and better solve to make managing contracts easier and faster. Here are 5 upcoming trends in CLM that you should look out for.
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6 Things to Look for in an Offer Letter

You got your offer letter and you might be tempted to sign it and get started on the new job, but wait! Here are 6 things to look for before you sign your offer letter.
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Why Do Contracts Need To Be User-Friendly?

We have seen how complex and not user-friendly modern contracts are. The documents are written in black and white text, using " legalese" language, with no page layout design. As a result, contracts often end up in drawers and are unused. So how can contracts be designed so that everyone can read and understand them? And why is it so important to make it user-friendly in the first place?
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6 Ways To Avoid Conflict In Business Agreements

Contracts are usually drafted in such a way as to prevent breaches, minimize risks, and allocate liability in the event of a conflict. Unfortunately, even the most well-written contracts often succumb to problems that lead to protracted contract disputes. Here are some ways to avoid conflicts when it comes to business contracts.
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6 Key Benefits of Using Electronic Signature for Your Business

Electronic signatures are at the heart of the paperless workflow. This is why their use has increased dramatically in the last few years. If you're thinking about using electronic signatures in your organization, the six proven benefits outlined below should be enough to push you over the edge.
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6 Effective Ways Legaltech Can Revolutionize The Financial Industry

The industries of the future are all powered by tech‍. Technology is without a doubt the number one industry and it enables other industries to flourish as well. But one industry has benefitted from it the most. The Finance Industry. How? Read the full article to know.
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10 Things To Look For During A Contract Review

Before you legally bind yourself to oblige to some terms and conditions, make sure you've thoroughly checked the contracts for these key pointsπŸ‘‡πŸ»
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Women In Legaltech Industry

Women. Law. Technologies. Not three words that would have been placed simultaneously in the past, and certainly not three words that would make up a woman's professional career. However, the focus here is on the past - it's not just women in legal tech anymore, it's successful women in legal tech who are disrupting not one, but two, traditionally male-dominated professions. Read how women are taking the lead in Legaltech companies and what it means for the Legaltech Industry.
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Privacy Policies In Different Countries

Do you know what is the privacy law in your country?πŸ“‘ Countries around the world have passed laws that dictate how personal data is collected and handled. Here's how the privacy laws work for various countries -
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Importance Of Contracts To Businesses And Role Of Legaltech In Its Management

Contracts are at the core of every business. But the traditional way of drafting, negotiating, and discussing the terms of contracts, again and again, can be time and cost-consuming. This is where Legaltech comes in. Read how Legaltech can help in managing business contracts.
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Master Service Agreement: All You Need To Know

MSAs are the legal game-changer for any ongoing business association. They develop a negotiation template with a reference point that removes the need to re-create a new contract for every single action between the parties. Don't know what MSAs are? Read the article to know everything about it.
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Financial Institutions And Their Need For Data Privacy

Maintaining the confidentiality of customer information is essential to any company that maintains anonymous personal data. Especially Banks and other financial institutions, as they have a large volume of sensitive information about their customers. How can these financial institutions ensure data privacy for their customers?
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Depp v. Heard Trial And The Digital Transformation Of Legal Proceedings

Recently, Depp v. Heard trial was all you could see or hear about on social media. From zoom testimonies to TikTok videos capturing every micro-expression on the parties’ and their attorney’s faces in greater detail than even the jury could see. But beyond what it means for pop culture, what does this trial mean for the future of legal proceedings in a new TikTok age? This is what we seek to explore in this articleπŸ‘‡πŸ»
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Law and Mental Health – Changing The Culture Of Unhealthy Work-Life Balance

Did you know? In a study conducted by the American Bar Association, out of 13,000 attorneys surveyed, 3640+ struggled with depression and 2470+ with anxiety.
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