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The Contract Certainty Blog

The Contract Certainty Blog | Exari

The Contract Certainty Blog | Exari

FSA Goes Soft on Contract Certainty

I always thought “certain” meant 100% certain. How can something be “certain” if it’s only 90% certain? It just doesn’t sound right. But who cares what I think. In the London insurance market, it’s what the FSA thinks that matters. And it turns out that 90% certain is certain enough for them.

Welcome to the Engine Room

For a while now we've been writing a blog called Pactum, in which we wax lyrical about contracts, agreements and all the fine print in between. Pactum deals mostly with news items (good and bad) which are relevant to people who spend their days writing, negotiating and managing contracts.

Are Governance Standards the Solution to IT Contract Blowouts?

An attention-grabbing article in The Australian IT starts with a couple of IT contracting horror stories, but quickly drifts off on a rather dull voyage through the alphabet soup of IT governance standards. Never mind that your contract might be full of holes. What you really need is AS-8000. And AS-8015. And AS-8016. Or AS-8018. Or BS-15000. Or maybe ISO-20000. And ISO-27001, of course.

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