Forse avrete già sentito parlare di SLA (service level agreement), una tipologia di indicatori che, attraverso l’analisi dei dati, misura l’efficacia di un servizio e pertanto le performance fornite dal fornitore. Ebbene, in questo articolo parleremo di come modellare lo SLA e automatizzare il monitoraggio dei KPI contrattuali.
The reasons for automating contractual processes or workflows are many but even more numerous are the reasons for implementing simplified and relational contracts.
Simplification and relational contract allows new relational models and more effective and efficient performance require the adoption of innovative technologies. In an era where businesses increasingly have to depend on their suppliers to lower costs, improve quality, be compliant, respond quickly to changes, traditional contracts don’t work.
New contract management solutions are popping up all the time. This push towards new technology makes it hard for businesses to tell a platform with real merit from a flashy gimmick. It’s easy to get lost in a sea of endless choices. But the long and short of it is this: Companies that understand the benefits of blockchain and other technology will likely be positioned to increase customer success via smart contracts.
Smart contracts and blockchain technology are relatively new developments in contract management. So far, we have seen the adoption of smart contracts help with MBO programs as well as make contract negotiation and renewal a snap. Making the process of signing a contract easier for clients is one way to keep everyone on track as well. Perhaps most importantly, the fast transfer of reliable data through a blockchain and the ability to automate payment and contract execution also drastically reduce the amount of time it takes to get paid.
Legal drafting is changing. And legal design for smart contract is part of the equation.
Smart contracts and legal design have marked the transition to an approach that conceives the contract not more as a means of defense but as a functional one, as a means for achieving the purpose; in short, a result-based approach. So how we can use legal design principles to organize our templates for smart legal contract adoption. Let’s have a look!
As declared many times, our objective is to diffuse a Smart Legal Contract framework to facilitate compliance and control with less overhead. Smart legal contract are automating controls and increase the efficiency of companies.
As we know contracts often include collateral or penalties for non-compliance. The purpose is to make the possibility of fulfillment of the contract more likely. Sometimes the lawyer’s creativity in securing the other party’s compliance is noteworthy!
I was so impressed and amused to discover how a rock band (Van Halen, to be precise) used candy to show whether a contract had been carefully read and, therefore, whether the band’s complex, and potentially dangerous, technical requirements were likely to have been met!
Contract obligation management and controls with smart legal contracts offer a more secure and streamlined way to achieve an effective and automated contract management system.
Contract management has long been the norm for many industries looking to streamline their supplier and vendor relations. However, the process of managing contract creation, execution, and analysis has historically been plagued by inefficiencies and error due to the manual work involved. That is why we’re seeing a new standard in the form of contract obligation management and control with smart legal contracts.
Reading time: 3 minutes. Photo by Omar Flores on Unsplash.
I contratti relazionali sono accordi basati su visione condivisa, principi guida e solide strutture di governance, allineati sulle aspettative e sugli interessi delle due parti. Oltre a stimolare la proattività e la cooperazione, questo approccio permette di ridurre tempi e costi di gestione e di implementare una strategia win-win a lungo termine.
Ma come si fa ad implementare i contratti relazionali? Ecco i 5 step!