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Managing the uncertainty in contracts with a shared approach

Managing uncertainty in contracts with a shared approach

on May 17, 2022

Most of our actions and decisions involve others, inside and outside any organisation. The best solutions come from working together and the pandemic caused many people to appreciate the extent of our interdependency. Establishing a win-win collaboration framework would increase communication and clarity within a network and with suppliers.

Developing a solution together, based on shared input and mutual respect, generates a collaborative environment that simplifies coordinating and reconciling multiple opinions. Different groups and functions typically reflect different interests, and rarely organisations speak with one voice.

Schrems II: The right tools to respond

on May 5, 2022

As we all know, Schrems II decision has forced businesses to revisit the way they approach international data transfer.

The European Court of Justice declared the EU-US Privacy Shield – an international agreement between the EU and the US with requirements to ensure an adequate level of protection of personal data exported to the US- invalid. According to the Court, US laws had several shortcomings that impede the protection of personal data and violates the GDPR. The judgment did uphold the use of Standard Contractual Clauses (SCCs), however, it cast some doubt over this method of transferring personal data outside the EU.

How to accelerate Contract Legal Approval workflow with Trakti

on December 20, 2021

Managing and overseeing contract execution can be difficult, stressful, and time-consuming. Manual contract risk assessment can cost organisations money and time. It can also lead to costly and potentially disastrous instances of contract management.

Trakti ESG Strategy & Climate clauses: Why they are a must-have Photo by Markus Spiske from Pexels

How to embed ESG Strategy & Climate clauses in your contracts and why they are a must-have

on December 2, 2021

Even though COP26‘s outcome was not perfect, it is clear that we all have a responsibility towards our planet. And now is the time to act.

Individual citizens aside, the first ones that are able to make an impact in this area are companies, especially the ones that depend on a global supply chain network (for example) or a large ecosystem of suppliers and partners.

A clear and effective strategy for ESG has become a “must-have” for businesses.

Let’s have a look at the benefits of implementing sustainable business, climate clauses and obtaining green credentials…

Photo by Markus Spiske from Pexels.

Trakti blockchain property rights Photo by Thought Catalog on Unsplash

Decentralization over blockchain infrastructures: the property-contract interface

on July 13, 2021

Decentralization over blockchain infrastructures is a fundamental aspect in the adoption of the technology and is the main reason why it has acquired increasing importance in the last decade. The technology emerged to implement peer to peer transactions of digital money that could displace commercial banks’ gatekeeping of digital transactions of bank deposits and central banks’ monopoly over the value (and therefore supply) of fiat money. And it has gone a long way since then.

Reading time: 10 minutes. Photo by Thought Catalog on Unsplash.

Redesigning contracts using Legal Design Principles

on May 17, 2021

Redesigning your contract using Legal Design Principles presents a way to streamline contracts to make them more understandable to everyone who reads them. Achieving such a level of standardization means your contracts are clear, legible, and binding.

Reading time: 3 minutes. Photo by Ben Kolde on Unsplash

New regulatory frameworks for tokenized assets

on May 3, 2021

Governments and regulatory bodies are introducing new blockchain regulatory frameworks for tokenized assets and securities. Le’s have a look!

Reading time: 3 minutes, Photo by Monstera da Pexels

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