Contract Drafting Best Practices for Your Small Business

Contracts can be daunting for small business leaders but you can rely on contract drafting best practices. With a bit of planning and the right tools, you can get what you need and protect your company from breach. Contract Drafting Process The first step in the drafting process is to get clarity on who the […]

12 Contract Terms Every Small Business Owner Should Know

Contracts are getting more complex and it’s hard to get a handle on all the contract terms in documents that can stretch into the tens of pages. But that doesn’t mean you can slack off. Law firm DMSHB says many small business owners “treat contracts like consumers,” failing to review them carefully and failing to […]

What Small Businesses Need to Know About Procurement Contracts

No organization can survive without collaborations and relationships. One idea may launch a company, but to ensure its survival and growth, you must recruit the right people and form mutually beneficial relationships with other business leaders in your industry.  When collaborating with different organizations, it’s crucial to have a contract to define the relationship and […]

4 Small Business Strategies for Negotiating Contracts

New business relationships are fragile. The period between a handshake deal and a signed contract can be nerve-wracking but it’s really important that you take negotiations seriously. These four strategies for negotiating contracts will help get the best outcomes for your business and protect it from a breach. 1. Know What Your Contract Should Cover […]

4 Contract Breach for Small Business Risks and How to Fix Them

Entrepreneurs have a lot of things on their minds and the risk of contract breach to their small business is rarely one of them. They want to keep things simple. That’s great. But when it comes to your contracts, simple could mean vulnerable. Business relationships tend to be casual until there’s a problem. Here are […]

3 Benefits of a Contract Repository for Your Small Business

It’s been a topsy-turvy time for small businesses, so now more than ever you need a repository to keep your contracts intact. Imagine: You run a small distribution or manufacturing organization. The end of the year is fast approaching and you’re wrapping up your Q4 goals while simultaneously planning your initiatives for the new year. […]

Contract Process for Small Businesses

The A to Z of Small Business Contract Process Your small business depends on contracts at all levels – from your vendors to your customers, partners, and staff. However, you don’t have an army of expensive lawyers you can call when something goes wrong. You need to understand the contract process yourself and make sure […]

What is a Clause Library and How Can it Benefit My Small Business?

I get this question a lot. Having a well-resourced clause library of your most-common clauses speeds your entire contract process – from drawing up the agreement, through negotiation and redlining, to signing and fulfillment. It’s frequently the reason that small businesses decide they need a contract lifecycle management solution. Clause library access will help your […]