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The Contract Certainty Blog

The Contract Certainty Blog

The Contract Certainty Blog

Clean Contracting is Scary as Hell

According to the Coalition for Government Procurement (a vendor lobby group in the US), the Clean Contracting Act proposed by Democrat Rep. Henry Waxman is “scary as hell”.

Everything You Ever Wanted to Know About Precedent Automation

Precedent automation. Document assembly. Online legal services. Disruptive innovation. Precedent economics. It was all under the microscope in Sydney last week at the Precedent Automation Conference. A rare gathering (physical and virtual) of document automation experts came together to reflect on the past, present and future, and made some interesting predictions about the coming revolution in the way documents (especially legal documents) are produced, delivered and consumed.

Contract Certainty by Stealth

With Lloyd's having tried and failed with the big bang approach to taking its insurance market online (Kinnect was shut down earlier this year), things are now happening by stealth. Or STEALTH, as Guy Carpenter calls its new online system... "Sabotage and Terrorism Electronic Application Linked to Hiscox".

Boilerplate that Bites: The Arbitration Clause

We had three arbitrators billing us at $500 per hour, and the case was going nowhere with no end in sight… at least in court the judge is paid for by the taxpayers

General Counsel, Fortune 500 company

A Three Step Plan for Legal IT

Lawyers like doing "high end" legal work. They hate losing clients. And they like to argue about the value of IT. But as Bruce MacEwan writes on his blog Adam Smith, Esquire, this month has witnessed some kind of consensus about how law firms can best use technology for a sustainable competitive advantage.

Aberdeen Does Sales Contracts

What better time than end of quarter to reflect on the fun of writing sales contracts in a mad rush. The sales team wants to close the deal. They don't want to wait two weeks for legal and miss their quarter-end target. They want their bonuses. Can't we just delete that pesky clause and sign?

Political Sole-Sourcing

In what appears to be a classic case of local vendor bias, Canadian transport manufacturer Bombardier, Inc. has found itself in hot water over sole-source contracts with two separate municipal authorities. Both deals are political, with Bombardier’s promise of local jobs seeming to influence the decision not to go out to public tender.

Paperclips Are Like, So Last Year

That’s right. A career in procurement no longer means you’re “in charge of paperclips”. In somewhat provocative terms, the Financial Times  (subscription required) reckons that procurement has undergone a revolution. It’s no longer a career dead-end. No longer a mere support service. The modern procurement department is experienced, professional and respected, and it’s being unleashed on an ever wider array of goods, and services. Not just stationery, furniture and laptops, but lawyers, accountants and consultants.