What is Alternative Dispute Resolution (ADR)? Have you ever been in a situation where you’ve had a disagreement with someone, but you couldn’t come to a resolution? Maybe it was with a family member, friend, co-worker, or even a stranger. If so, then you’ve experienced what is known as a conflict. And while conflict is a natural part of life, …
Continue ReadingWhat is Contract Acceptance? Contract acceptance is the act of agreeing to the terms of a contract. This can be done verbally, in writing, or through conduct that indicates an acceptance of the contract’s terms. There are several factors that must be present for a contract to be considered accepted. First, both parties must have an opportunity to review …
Continue ReadingWhat is Contract Acceptance? Contract acceptance is the act of agreeing to the terms of a contract. This can be done verbally, in writing, or through conduct that indicates an acceptance of the contract’s terms. There are several factors that must be present for a contract to be considered accepted. First, both parties must have an opportunity to review and …
Continue ReadingWhat is Contract Negotiation? Get Procurement Savings Via Contract Negotiation In recent years, there has been a growing trend in the business world towards so-called “agile” contracts. But what exactly are agile contracts, and why are they becoming so popular? In this blog post, we’ll take a look at the definition of agile contracts, how they differ from traditional contracts, …
Continue ReadingWhat are Agile Contracts? An agile contract is a type of contract that is designed to allow for flexibility and change during the term of the agreement. This type of contract is often used in situations where the parties involved may need to make changes to the scope or terms of the agreement as they work together. One common use …
Continue ReadingWhat is a Addendum / Appendix? An addendum, or appendix, is a supplement to a document. It usually contains additional information that is not essential to the main document, but which may be of interest to the reader. Addenda are often used in legal documents, such as contracts, to provide background information or to add new clauses. They can also be used …
Continue ReadingWhat is a Addendum/Appendix? What is an addendum? An addendum is an annex or supplement to a document. When used in relation to a contract, it is a document that modifies the original terms of the agreement. Addenda are typically used to update an existing agreement or to include additional information that was not originally part of the document. In some cases, …
Continue ReadingWhat is an Acquisition? Mergers and acquisitions (M&A) are a type of corporate strategy used to grow a company through the purchase of another company. The goal of an acquisition is to create shareholder value by adding new products, technologies, or market access, or by removing cost from the combined company. M&A activity has been on the rise in recent years as companies look …
Continue ReadingWhat is an Acquisition? Mergers and acquisitions (M&A) are a type of corporate strategy used to grow a company through the purchase of another company. The goal of an acquisition is to create shareholder value by adding new products, technologies, or market access, or by removing cost from the combined company. M&A activity has been on the rise in recent …
Continue ReadingWhat Is Ab Initio “Ab Initio” is a Latin term meaning “from the beginning”. In the context of contracts, it refers to an agreement that is created without any prior agreements or negotiations between the parties. The term is often used in situations where the parties have very different interests and there is little likelihood of reaching a mutually acceptable agreement.
Continue ReadingWhat is a Contract? A contract is an agreement between two or more persons or entities in which each party agrees to do, or not to do, certain things. The agreement may be written, oral, or implied, and is usually enforceable by law. While contracts can be made for just about anything, there are certain types of contracts that are …
Continue ReadingWhat Is A Contract? A contract is an agreement between two or more persons or entities in which each party agrees to do, or not to do, certain things. The agreement may be written, oral, or implied, and is usually enforceable by law. While contracts can be made for just about anything, there are certain types of contracts that are …
Continue Reading