With the advancement in technology, more and more organizations are moving to e-signatures as they are efficient, safer, reliable, and quicker as compared to the traditional means of signing.
The traditional signing of documents means printing out those papers, signing them, and sending them via mail or even through email as well as storing, distributing, and more which not only wastes a lot of paper but time as well.
Real estate, as in all commercial fields, has been a victim of the great uncertainty that the pandemic has brought to most industries.
There has been a drop in the number of contracts that have been signed. And the investment risk in real estate has grown, especially in the commercial sector.
Many people were not ready to manage negotiations through digital systems and didn’t have the tools to rent out apartments or commercial properties during a lockdown.
So how to implement contract innovation in real estate? Keep reading to find out 😉
Photo by Aleksandar Pasaric from Pexels
Read moreContracts are fundamental for all transactions in the business world. But the recent market turmoil has highlighted the importance of digitalization of processes and adequate risk management.
In “conventional”, physical legal contracts, parties usually sign them with a handwritten/electronic/digital signature, depending on the form of the contract.
But as far as legal smart contracts go, how do parties sign and validate them? How can part B show its consent in adhering to part A’s smart contract? Are private and public keys used here?
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We’re stepping into the next stage in consumer-business relationships. As consumer awareness of environmentally friendly practices increases, companies need to enact significant changes towards building the ethical and sustainable supply chain of the future. One that ensures sustainable sourcing, manufacturing and product distribution.
In this article we explore 6 concrete steps to make your supply chain more ethical and sustainable.
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It can be mind-boggling to think about the thousands of processes and tasks that happen in the back of a company’s business operations. One such process is contract management. Effectively managing a large volume of contracts can be a challenge, and doing a poor job of it can be a costly mistake.
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Companies with intensive CLM activity regularly oversee agreements between their organization and other parties. As such, they need to measure results on an ongoing basis. For this reason, they depend on contract management KPIs to align goals, develop the right metrics, and watch the CLM closely. However, these indicators need to be smart and consistent to keep in check those that are relevant to your operations.
To improve your company’s profitability and performance, there are 5 KPIs to measure for a successful CLM
Management By Objectives – MBO programs can be easily automated and adjusted through smart contracts to provide a greater range of options to both the HR admin and the employees they are created for.
Reading time: 4 minutes. Photo by Jessica Lewis on Unsplash.
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