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Why Standardizing Contract Clauses is Crucial: The Role of a Clause Library

Contract clauses form the foundation of legal agreements. Contract clauses are the building blocks of all formal written contracts.  The contract clauses define the obligations, rights, and responsibilities of the parties involved. From an automation perspective, contract management systems can support standardizing contract clauses to ensure consistency across multiple agreements. It helps minimize confusion, reduce risks, and speed up the negotiation process. Using pre-approved language contracts can be created quickly and efficiently.  The agreements will be clear and consistent with

Using Data Merge to Create Signature-Ready Contracts

One of the great capabilities of full-featured contract management systems is generating signature-ready contracts quickly and easily.  Automated contract generation is accomplished through the use of document templates that contain data field tags that link to the contract data records. What is Data Merge? “Data Merge” uses the same concepts as “Mail Merge” that you may already know.  These are software features that combine a template with a data source. The merge operation fills in predefined fields in your document template with