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The Contract Certainty Blog

The Contract Certainty Blog

The Contract Certainty Blog

Many a Slip

Brokers in the London insurance market still, largely, rely on a document called a “slip” or, more officially, a “Market Reform Contract” (MRC) to negotiate commercial insurance risks with underwriters. The process varies between the 197 Lloyd’s brokers, but generally, begins with the preparation of an MRC in MS Word. Little or no data is captured during the process, and any information needed to track the deal is rekeyed (often multiple times).

My Journey with Exari

Five years ago, I was at a party for my wife’s sailing group. Bored, I started a conversation with someone I knew from volunteering in my small Massachusetts town.

What Is Intelligent Contract Management?

As the name implies, contract management is primarily about managing your contracts: knowing what they are and where they are; and making sure you don’t miss important performance milestones and renewal dates. These are all good things, but they don't really make you a high performance contracting organization. To truly claim "high performance" status, you need to do more than just manage contracts.

Boston Legal Innovation Meetup

The Boston area legal community gathered on July 18th at Suffolk Law School for the second installment of the Boston Legal Innovation Meetup. Thanks to Andy Perlman – a professor at Suffolk University Law School and the Director of its Institute on Law Practice Technology and Innovation – and Adam Ziegler – co-founder of Mootus, a startup building a platform for open, online legal argument – the Greater Boston area finally has a venue to come together and discuss legal innovation and technology.

Happy Birthday, Dodd-Frank!

Three years ago yesterday, Barack Obama signed the Dodd–Frank Wall Street Reform and Consumer Protection Act, and the reviews are decidedly mixed.

Top Five Reasons to Automate Contract Management

We live in a litigious world, and most businesses are dealing with contracts that are both more numerous and more complex. So there are many good reasons to automate and improve the way those contracts are managed.

How Good Contracts Protect You from Bad Haircuts in M&A Transactions

In the context of an M&A event, a "haircut" is generally not a good thing. In fact, a haircut on your company valuation can be a very bad thing, discounting your value to the tune of millions of dollars. And if your contracts contain certain valuation-shrinking clauses, it is exactly what you'll get.