Contract Nerds

Most corporate counsel feel overwhelmed by the volume of work being thrown at them. ?? As well as the increased demands for increased efficiency, insights, metrics and reporting on their work. Amongst the vast array of legal tech options out there, Contract Lifecycle Management (CLM) technology for corporate Legal teams that process large volumes of contracts is an ever-growing daily requirement. The CLM Simplified Contracting Framework No matter how tight budgets may be right now and whether CLM technology is even on your roadmap, you can solidify your contracting foundations for essentially little to no extra cost to your organization. Step 1??: Legal Review Policy A Legal Review Policy (aka Contracting Policy) is a document which records what transactions Legal?must?review. Step 2??: Contract Templates The second step (although it can be done in parallel with the first step) is designing and using templates. Step 3??: Contract Playbooks Playbooks help simplify contracting because they are used in conjunction with contract templates. Once you’ve successfully tackled these three foundational steps, you’ll be well on your way to building a stable foundation for ongoing, sustainable CLM success. Lucy Bassli??, CLM Expert & Author, shares more about how to create a usable contracting policy in three low cost steps. To read more, check out the full article at the link below. ?????? https://lnkd.in/eyWjqbat --------------------------- Join Lucy Bassli and our other expert speakers live for the upcoming Contract Nerds webinar, titled "How to Manage Business and Legal Risks in Contracts", on?March 27, 2025?at 9 AM PST | 12 PM ET | 4 PM GMT. Big thanks to our sponsor?Contracts 365! #contractnerds #legaltech #legalops #corporatecounsel #paralegal #CLM #inhousecounsel

Should SaaS vendors have the right to analyze customer usage data? ?? Data insights help vendors refine products, enhance user experience, and stay competitive. But when contracts include?vague or overly broad clauses, customers start asking:?Where does my data really go? Transparency is key. A?well-defined data usage policy?ensures vendors can innovate while respecting customer privacy. ?? Swipe through the slides to explore the balance between?data-driven SaaS improvements and ethical responsibility. For a deeper exploration of how SaaS vendors can leverage customer usage data responsibly while maintaining transparency and compliance, read the full article by?David Cohen, Tech Attorney & Coach for Attorneys where he breaks down key considerations for balancing innovation with ethical data practices. READ HERE >>?https://lnkd.in/eJTuunu2 ?? For more expert insights on technology agreements, visit:?https://lnkd.in/eSts6xc7 #ContractNerds #SaaS #DataPrivacy #Contracts #dataprotection #LegalTech

Most corporate counsel feel overwhelmed by the volume of work being thrown at them. ?? As well as the increased demands for increased efficiency, insights, metrics and reporting on their work. Amongst the vast array of legal tech options out there, Contract Lifecycle Management (CLM) technology for corporate Legal teams that process large volumes of contracts is an ever-growing daily requirement. The CLM Simplified Contracting Framework No matter how tight budgets may be right now and whether CLM technology is even on your roadmap, you can solidify your contracting foundations for essentially little to no extra cost to your organization. Step 1??: Legal Review Policy A Legal Review Policy (aka Contracting Policy) is a document which records what transactions Legal?must?review. Step 2??: Contract Templates The second step (although it can be done in parallel with the first step) is designing and using templates. Step 3??: Contract Playbooks Playbooks help simplify contracting because they are used in conjunction with contract templates. Once you’ve successfully tackled these three foundational steps, you’ll be well on your way to building a stable foundation for ongoing, sustainable CLM success. Creating a usable contracting policy can be done in three low-cost steps, as explained by CLM Expert & Author Lucy Bassli??. Read more in the full article at the link below. ?????? https://lnkd.in/eyWjqbat ---------------------------------------- Join Lucy Bassli and our other expert speakers live for the upcoming Contract Nerds webinar, titled "How to Manage Business and Legal Risks in Contracts", on?March 27, 2025?at 9 AM PST | 12 PM ET | 4 PM GMT. Big thanks to our sponsor?Contracts 365! #contractnerds #legaltech #legalops #corporatecounsel #paralegal #CLM #inhousecounsel

?? Seamless Integrations Built for You The Fall 2024 Release comes with integration features that bridge the gap between Legal and the rest of your organization, ensuring smooth collaboration and better alignment. ? Share updates instantly ? Collaborate directly within the tools your team loves ? Keep everyone on the same page, no matter where they work Making teamwork effortless, one contract at a time. Swipe right to explore the features. For a deeper dive into all our features visit: https://lnkd.in/gX8WnanU #LegalTech #Integrations #SpotDraft #ContractManagement #Workflow

Ready to upgrade your contract workflow? Don't just learn - implement! Join our FREE Thursday, March 27th webinar live and receive: - A comprehensive Legal Review Policy Template - The Transaction Internal Questionnaire - Expert guidance on how to customize them for your organization Learn from top industry experts: ???Lucy Bassli??, Founder and Principal, InnoLaw Group ???Lynden Renwick, Managing Partner at Out-House Attorneys ???Nada Alnajafi, Founder of Contract Nerds Get practical, implementable solutions in this free 60-minute session that will transform your contract management process. REGISTER TODAY >>?https://lnkd.in/egs2KdQy ? Big thanks to our sponsor Contracts 365! #ContractNerds #contractmanagement #legalops #legalreview #inhouselawyer

On April 17, 2025 Contract Nerds presents a free 75-minute virtual webinar on “How to Redline AI Vendor Agreements: Customer vs. Vendor Tactics for Key Clauses” with: ?? David Tollen, Founder at Tech Contracts Academy, Author of The Tech Contracts Handbook ?? Laura Jeffords Greenberg, Legal Director and Head of AI Legal Academy, Wordsmith AI ?? Nada Alnajafi, Sr. Corporate Counsel, Franklin Templeton | Founder, Contract Nerds Redlining AI vendor agreements is no easy feat—especially when customer and vendor positions clash on key issues like IP risks, data accuracy, and ownership rights. Join us to see real-world redline examples from both sides and discover how to balance human expertise with AI-powered review for faster, smarter negotiations! What We'll Cover: ?? Understand the top five issues in every AI vendor agreement including managing IP risks, accuracy of output data, control of input data, ownership licensing for other output rights, and regulatory and compliance issues. ?? Work through a sample review of an AI vendor agreement with redlines and positions from both the customer and vendor sides. ?? Learn how to balance human expertise with AI assist to review agreements faster. +Bonus Materials and Giveaways: ?? Free two-week trial of Wordsmith AI for all LIVE attendees. ?? Chance to win a FREE 1:1 AI prompting session. REGISTER HERE ?? https://lnkd.in/etiGAA6S A huge thank you to our sponsor Wordsmith AI!

Don't leave your legal success to luck! ?? Join over 18,000 of your colleagues who are already benefiting from our free weekly newsletter! What You'll Get: ?? Practical tips to streamline your legal workflows ?? Insights on serving business needs more effectively ?? Strategies for successful negotiation ?? The latest trends affecting legal and contracts professionals Don't miss out on this valuable resource that's helping thousands of contracts professionals just like you level up their careers. Why Subscribe Now? ?? It's completely FREE ?? Delivered directly to your inbox ?? Curated specifically for legal and contracts professionals ?? Join a community of 18,000+ like-minded experts See why our readers consider this one of the luckiest professional decisions they've made! SUBSCRIBE NOW >> https://lnkd.in/e-iWJmrx #contractnerds #contractnegotiation #contractreview #legalops #legalprofession

What should you do when the counterparty says they "don't accept redlines"? ?? We often feel compelled to redline every clause that doesn't perfectly align with our playbook. But is that always the best approach? ?? We all know about BATNA (Best Alternative To a Negotiated Agreement), but watch this clip to learn more about its cousin in contract negotiations - BATR (Best Alternative To a Redline). Want to better understand how having a "BATR mindset" can transform your negotiation strategy? ?? Check out the full video in our latest On-Demand Training: The Dos & Don'ts of Agreement Reviews & Negotiations at?https://lnkd.in/g4DJrpFf! #contractnerds?#contractnegotiation?#inhousecounsel?#negotiationskills?#legalops

Contrary to popular belief, not ALL data is “personal data.” ?? There are many other types of non-personal data that a company can own, such as confidential, sensitive, and otherwise private or proprietary data. While data privacy risks are lower when dealing with non-personal data, said data could still be commercially sensitive and valuable to your organization. Hussein Valimahomed?covers five common non-privacy-related issues for customer/controllers to consider when negotiating a Data Protection Agreement: 1?? License to Use Customer Data 2?? Audit Rights 3?? Regulatory Outsourcing 4?? Insurance 5?? Transition To learn more check out the full blog post ?????? https://lnkd.in/gAgQ4fFh #contractnerds #contracts #compliance #dataprotection #dataprivacy #privacylaw #gdpr

Contract lawyers are often trained to be risk-averse, but is this always in the best interest of the business? ?? The traditional approach to risk management often creates a disconnect between legal departments and business objectives, leading to the dreaded "department of no" reputation. Examine how legal teams can take smarter risks to better support business goals below. Learn how letting go of administrative tasks can lead to increased deal velocity and better alignment with strategic objectives. ?? To explore detailed strategies for implementing change management in your legal department and empowering business teams effectively, check out the full article written by Lucy Bassli??. READ HERE >> https://lnkd.in/e8zhZA62 ?? For more expert insights on contract management, visit: https://lnkd.in/eCbu6chP #ContractNerds #LegalOperations #ContractManagement #ChangeManagement #LegalInnovation