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The humble force majeure clause has been tested by the COVID-19 pandemic like never before.  But what can we learn from this pandemic and how will it shape the future of contracts and business planning in a post COVID-19 era?  These few words thus far have huge implications for contracting operations.  Change is in the wind for sure.

contracts Covid-19 forcemajeure vaccine

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Recent reports and discussions over Zoom with industry executives of factories producing the clothing apparel brands that we wear every day reveals a dismaying state of affairs.

risk Do contract management systems work? Coronavirus Covid-19 Bangladesh

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How would you draft a contract you knew you could not enforce?

Why would you bother?

contract relationalcontracting relationship

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At the 2020 World Economic Forum1 of January 2020 in Davos, participants discussed the United Nations Sustainable Development Goals (SDGs).2  They specifically asked, “How could innovative partnerships such as commercial relationships help achieve these objectives, especially within the public sector?”

publicsector performancebasedcontracting australia

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Today, globalization and technology demand that organizations build their business strategies to respond effectively to the volatility of business environment worldwide. It’s a big challenge!  In response to it, we contract practitioners are now searching for sustainable relationships and partnerships that permit us to leverage competitive advantages for all parties without losing profit value.

contractnegotiation approach trust partnership valueleakage

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No cabe duda que las noticias de estas últimas semanas quedarán grabadas en los libros de historia de todos los países del mundo.

Son tiempos complicados los que estamos viviendo, pero como en cualquier situación de desastre, tenemos que adaptarnos porque el golpe viene duro.

La economía global siempre tiene bajas. Podemos decir que llegan cada 10 años en promedio.

Coronavirus contractmanagement Covid-19 CLM softwaredeCLM

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We all know the outbreak of COVID-19 or Coronavirus has been worldwide disaster that started in late 2019 in Wuhan, China.  It took a horrifying turn by March 2020 when the World Health Organisation (WHO)1 declared COVID-19 as a worldwide ‘pandemic’.

Coronavirus contractmanagement Covid-19 forcemajeure

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We are certainly now in unchartered waters. World-wide people are getting sick and a lot of people will succumb. Although the first case of Covid-19 reared its head in China in November last year, who among us even six weeks ago could have envisaged where we would be now?

Coronavirus Covid-19 leadership

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Research shows that without digital technologies, our ability to handle contracting processes has been diminishing in recent years.  Today, many CM experts see contracts as the primary cause of disputes, but the growing complexity of the contracting process creates a larger problem with information management in general.  So, how can digital technology help us untangle this dilemma?

digital contractmanagement CLM

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We all know risk is associated with every contract. And, if you as a prime supplier novate a customer’s third-party contract(s), you increase risk to a great extent. Simply put, novation involves transferring one party’s rights and obligations under a contract to another party.

contracts contractmanagement Suppliers ITcontracts

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