Our Blog

Contractual obligations are the promises each party agrees to in a contract—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 risky—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? 🚀

Protect Your Startup’s Ideas with an NDA Got a brilliant idea? Don’t let it get stolen. NDAs (Non-Disclosure Agreements) are essential for startups to secure confidential information when working with freelancers, partners, or investors. Why Use NDAs? Prevent Theft: Protect your ideas from misuse. Build Trust: Show professionalism. Collaborate Freely: Share without fear. When to Use NDAs: Partnering with freelancers or agencies. Hiring employees or outsourcing work. Pro Tip: Skip generic templates. Define terms clearly and consult a legal expert. Your ideas deserve protection. Ready to secure them? Check out SpeedLegal for hassle-free NDAs!

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.

Wet signature vs Electronic signature which one is perfect for you

How to get out of a bad contract without paying penalties

Understanding contract review in simple examples and terms

In this blog, we explore five common mistakes businesses make when terminating contracts and how to avoid them. Key pitfalls include not reading the fine print, failing to document the process, ignoring post-termination obligations, overlooking the ripple effects on other business areas, and burning bridges with partners. By understanding and addressing these issues, businesses can ensure smooth and professional contract terminations, protecting their operations and relationships. At SpeedLegal, we’re here to help you navigate these challenges and keep your legal processes running smoothly.

Contract automation is changing the legal industry by using AI to save time, reduce mistakes, and lower costs. This technology makes it easier to create and review contracts and stay compliant, allowing legal teams to focus on more important work. By adopting contract automation, law firms and legal departments can improve their efficiency and deliver better results.

Collaboration between Humans and AI in Contract Review and Management.

AI Contract Review vs. Traditional Contract Review: A Comparative Analysis

Legal Document Review / Contract review 101

Welcome to your ultimate guide to contract redlining!

Clickwrap agreements are digital contracts that users consent to by clicking a button or ticking a checkbox that explicitly states agreement, such as “I agree” or “Accept”.

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.

Streamline contract review and mitigate legal risks with AI-powered language analysis tools. Leverage advanced natural language processing for affordable, comprehensive contract management tailored for small businesses.

The blog discusses whether startups should hire an in-house lawyer or use AI tools, weighing costs, expertise, and efficiency, advising startups to evaluate their legal needs and budget for informed decisions.

Explore the aftermath of contract breaches in the USA and Europe: legal consequences, void vs. voidable contracts, and case studies. Essential insights for navigating disputes.

Discover how to navigate contract disputes seamlessly. From understanding disputes to resolution strategies, gain insights for smooth negotiations

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!

Avoid costly contract mistakes! Discover the consequences of not reading contracts before signing.

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!

Learn the legal, financial & psychological consequences of breaking a non-disclosure agreement (NDA) in this blog. Use SpeedLegal's AI tool for NDA management.

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.

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.

Protect your sensitive and confidential information with a thorough Non-Disclosure Agreement (NDA) review. This comprehensive checklist covers everything your need from identifying parties and defining confidential information to specifying obligations and remedies for breach.

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.

Learn everything you need to know about reviewing a Licensing agreement. Ensure your contract aligns with your business goals and expectations by verifying parties, defining the scope of the license, understanding payment terms, checking termination clauses, reviewing indemnification and confidentiality clauses, and more.

The only checklist you'll ever need to review contracts like a pro.

Learn why your employment contract is more than just a piece of paper. Understand the essential components and benefits of having an employment contract.

Learn how to legally protect your rights by voiding a contract with ease!

Learn why having a partnership agreement is important for your business. Understand its essentials and benefits to avoid conflicts and disputes.

Learn the key clauses to look for before signing a Non-Disclosure Agreement (NDA). Protect your confidential information & avoid legal repercussions.

Are law schools truly preparing students for the practical realities of the legal profession? Discover the insights of an attorney with over 20 years of experience and a recent law graduate as they discuss the importance of practical training and the lack thereof in law schools. Learn about the benefits of diverse skillset, the kind of practical training classes that can benefit law students and why practical training ensures you are actually prepared for what’s coming once you graduate.

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.

Contract reviewing is one of the most important part in a business deal. signing a contract without reviewing it properly, can lead to big losses to that company. In this blog, we cover key clauses in a contract that you should look for, while reviewing a sales contract.

As organisations grow bigger, so does the need for better-negotiated contracts that are clearer in direction, integrity and responsibility. Read this article to know about the 5 most negotiable terms of contracts.

When you sign a cloud data protection agreement (DPA), it may seem like you just agree to some simple terms and conditions. But in reality, there's a lot more that goes into these agreements than you may realize. In this blog post, we'll explore six items that are often included in cloud DPAs - and why they're important to understand. From indemnification clauses to limits on liability, these clauses can have a big impact on your business - so it's important to know what they mean.

Commercial contracts are one of the most common contracts used around the world. But do you know what's the most controversial clause in a commercial contract? Read the article to find out.

A business cannot function effectively without proper contracts in place to safeguard them. There are some documents that you as a business owner will certainly come across and it’s important to understand how they work and why you need them.

Do you know what is the privacy law in your country?📑 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 -

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.

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?

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 article👇🏻

Freelancing is fun, but it also comes with tasks like handling payments, negotiations, and contracts. These contracts can be tricky if you are not familiar with the legal words and clauses. Here are six important aspects you should pay attention to -

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.