Trakti | Smart Legal Contract Blog - Page 15 of 23

How to create a contract template in 5 steps in Trakti

on November 17, 2021

Today legal departments use tons of Word files and emails as work instruments, so files like contract templates can be distributed and used in a quick and easy way. This method, as effective as it may be, produces overheads that cost the company a great deal in terms of money and time.

The problem lies in the instruments that are used: they’re simply not fit for purpose! If you continue to draft and distribute your contract template this way the cost of compliance will soon become a big problem.

So let’s have a look at how we can solve this problem!

Reading time: 4 minutes.

Trakti The 5 Best Automation Tools for your Business

The 5 Best Automation Tools to boost your Business

on November 15, 2021

There are plenty of tools, software, and platforms helping you to succeed in your business, to organize the daily work and collaboration but what are the Best Automation Tools to adopt in your company?

If you are ready to change, with this blog post, we want to help you navigate the automation opportunity in the different company functions.

Trakti - Why e-signature is Important in This Digital Age

Why e-Signature is so important in the Digital Age

on November 10, 2021

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.

Trakti contract innovation in real estate Photo by Aleksandar Pasaric from Pexels

Innovating Contracting in Real Estate

on October 28, 2021

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

5 Steps to Sign and activate a Smart Legal Contract

on October 8, 2021

Contracts 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?

Building the ethical and sustainable supply chain of the future

on September 27, 2021

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.

What is the Role of a Contract Manager

on September 10, 2021

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.

Trakti Smart "Legal" Contracts Blog