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Formal Relational Contract: What Is It and Why Is It Important

Good faith is implicit in relational contracts. Hence, the contracting parties must maintain transparency, trust, and cooperation. They also commit to engaging in honest … See more

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URL: https://blog.axdraft.com/contracts-101/formal-relational-contract-what-is-it-and-why-is-it-important/

8 Simple Habits to Become a Successful Lawyer

WebThe plan you develop to achieve your results. The 8 lawyer habits that we describe below will point you towards the tools that will help you stay organized, reduce …

Category:  Health Go Health

Healthcare Contract Lifecycle Management in 2022: Trends and …

WebHealthcare Contract Lifecycle Management in 2022: Trends and Best Practices. Globally, the healthcare industry has been struggling to deal with challenges …

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Work-from-Home Contracts: Essentials and Challenges

WebContract details. Work-from-home contracts contain rights and responsibilities, payment and reimbursement details, security requirements, and other …

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Types of Contracts: Learn About the 13 Main Options

WebA service + approximate estimate of total costs. Covering the costs + additional fee (contractor’s profit and overhead expenses) It may turn out to be more …

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7 Essential Elements of a Contract

WebContracts constantly vary in length, terms, and complexity. But for an agreement to be legally valid and enforceable, several elements must be fulfilled: …

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What is Self-Service in Legal

WebThe answer is simple. Self-service uses only pre-approved templates, so compliance is ensured by the template and not the contract. And since legal has to …

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Procurement Management Plan: What It Is and 10 Steps to Create It

Web1. Clarify a new system for the team. The first step of any procurement management process is to share your plans with the team and guide them through the …

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How to Write a Grant Proposal: A Step-By-Step Guide

WebStep 2. Write a short executive summary. Your application should usually begin with a summary of its contents. Quickly introduce the main points of your grant …

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SoW 101: Draft a Perfect Statement of Work

WebThis is a document that helps define the agreements, responsibilities, and liabilities between the signing parties. The Statement of Work is usually signed between …

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Common Acronyms and Abbreviations in Contract Law AXDRAFT …

WebEIACA – ‌Employee invention assignment and confidentiality agreement. This is a contract that grants an employer ownership rights for an employee’s work. This …

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Is AI a Positive Disruption in Legal

WebArtificial Intelligence (AI) is frequently described as a source of disruption, and that it will steal the jobs of hard-working individuals. It is true that AI is a disruption, …

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Impostor Syndrome and Lawyers

WebBelow are some other reasons that can result in impostor syndrome among lawyers: Being a synonym of excellence, unmistakability, and risk avoidance, the legal …

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How to Set Up a Vendor Contract Management Process

WebA vendor contract or vendor agreement is a contract between two parties that provides an exchange of goods or services in return for some form of reward. It lays out …

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Sales Checklist: Clauses to Pay Attention to Before Signing a …

WebThis clause clarifies the subject of the agreement. The reason for entering into a contract is described, as are the goals you and the other party are planning to …

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Hobbies that Help You Become a Better Lawyer

WebOut-of-office activities develop soft skills, strengthen empathy, or increase concentration. For example, playing golf or joining a book club allows lawyers to improve …

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Independent Contractors vs. Employees: Key Differences You …

WebThe key difference between contractors and employees you should be aware of is the way they are paid and taxed. The fees for independent contractors are mutually …

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Use AXDRAFT CLM for Better Contract Compliance Tracking

WebClearly assign roles. The contract compliance process does not rely solely on the legal department. Every company unit has to do its part. To follow through on their …

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Legal Operations Manager: a Fresh Vision of the Profession

WebLegal ops managers also need to have: – A good understanding of business in general. – Skills to use the data strategically and extract actionable insights from it. – …

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