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Uncertainty Tops CEO Agenda, signposting a critical role for contracts by Sally Guyer
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Last year, IACCM developed a new methodology for managing third party relationships. It is called the VCU Framework and at its core it is a tool to evaluate and manage uncertainty, while protecting value for both parties.
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Why do contract management tools fail? by Mani Agarwal
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Despite procuring some of the most expensive contract lifecycle management (CLM) tools on the market, organizations often fail to achieve the required return on investment. Why is this?
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How risk allocation influences performance and adds value? by Natalia Ombach
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Every contract negotiation aims at proper risk allocation. But what is proper to one party may not be so proper to the other. At that point, proper may no longer be objectively proper at all. So, how might we get it right? What does “proper” risk allocation look like?
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A peek into the future of commercial transactions: smart contracts, relational contracting and the IACCM principles by Lita Bollimpalli and Jerry Silber
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At the IACCM’s 2018 Americas conference, sourcing and legal department representatives from some of the top companies in the world met to discover more about the future of contracting. The hot topics were: smart contracts, relational contracting and the newly launched IACCM Contracting Principles.
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How to nudge a Performance-Based Contract (PBC) into real results – not just a paper trail by Dr. Andrew Jacopino
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If you are producing or working with a Performance Based Contract (PBC), it means you want to reflect a fair and balanced perspective that benefits the performance of both the buyers and sellers. But a deeper look behind PBC development shows the process can get a bit complicated especially if parties disagree on what performance or fair and balanced behavior looks like.
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How to embrace blockchains and smart contracts - an enterprise perspective by Christine Pauleau
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Smart contracts, one of many applications of blockchain technology, offer automated solutions to facilitate commercial transactions and optimize their implementation. Thanks to smart contracts an agreement between two parties can be established automatically based on structured databases and becomes self-executing based on a computer code running on the blockchain that processes transactions without the involvement of any intermediary party.
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Integrated cloud architecture – why it ties to contract management by Russ Edelman
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Before diving into the integrated cloud architecture deep end, you must first understand the challenges.
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