Trick or Treat? Managing Contract Obligations

Obligations are the backbone of every contract. And as you know, improperly tracking or missing them can have severe consequences for your organization.

Contract management software can give you complete visibility into all your contractual commitments to ensure you never miss another important date, renewal, or other critical milestone.

Join us for a 30-minute webcast to see how the Contract Logix CLM platform allows you to:

-Use automation to monitor obligations
-Leverage data and dashboards to oversee critical details
-Drive compliance with air-tight contracts

Don’t leave contract obligations to chance (or Outlook, or Excel). Our experts will share how CLM empowers creating contracts that stand firm, track obligations with precision, and manage critical details with finesse.




The Key to a Successful CLM Implementation: A Proven 4-Phase Model

Your company is considering a CLM solution to digitally transform your contract management, but choosing the right platform is just the first step. After consulting stakeholders and selecting the technology, you don’t truly cross the finish line until the solution is effectively managing your contracting process AND adopted by end-users.

Join us for a 60-minute webinar to hear our experts discuss a proven and pragmatic 4-phase implementation model to get your contract management solution onboarded and adopted so that you can effectively leverage the technology to mitigate risk, increase compliance, and streamline your processes.

We’ll walk you through each step, including how to:

-Plan: Determine your CLM requirements, priorities, success criteria, and target go-live timeline
-Configure: Learn best practices for establishing users, roles, and access, as well as building out automated workflows, the contract request or intake process, and clause and template libraries
-Confirm: Test the configuration and make any last-minute adjustments
-Deploy: Provide training and access to users

You can’t afford a contentious, drawn-out, or even failed, CLM implementation. Learn the critical steps to set up your contract management solution for success.




Barcelona will be Able to Sign Teenage Sensation on a Five-Year Contract Tomorrow

“Barcelona midfield prodigy Gavi will celebrate his 18th birthday tomorrow, August 5. The teenage sensation has enjoyed a memorable past twelve months, having been plucked out of La Masia and pushed into the first-team setup at Camp Nou and he has made the most of his opportunity, establishing,” reports Michel Durant in Barca Universal.

“Himself as one of the most exciting young prospects in the game of football currently. Not only is Gavi a mainstay in the Barcelona midfield, but he has also established a foothold in the Spanish national team. Rated as one of the brightest prospects to have come through the ranks at Barça in recent years, Gavi is in the final year of his contract.”

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NHL Contract Efficiency Rankings: Grading Every Team in the League

“Last week we went through the league’s best and worst contracts, but that was only the tip of the iceberg a sneak peek toward a much larger outlook. It’s now time to look at every contract through the same lens. The best and worst contracts are usually the most interesting especially the worst, but those,” reports  Dom Luszczyszyn in The Athletic.

“Teasers for a grander scale project where the league is graded on a whole according to their contract efficiency. It follows the same criteria as the best and worst contracts: How much surplus value will the deal provide and what’s the likelihood of providing positive value? That likelihood is important as nothing is a guarantee in this sport.”

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Beware the Contract Clause Loading US Workers with Debt

“Graduating From Petsmart’s Grooming Academy early last year should have been a proud day for animal lover BreAnn Scally. It offered a path into full-time work with animals and brought her a step closer to her dream of opening her own animal sanctuary. It also propelled her into a protracted,” reports Caitlin Harrington in Wired.

“On its website and in job postings and tweets, PetSmart promoted the training as a perk of employment that provided close supervision working with 200 different dogs in its FREE, paid Grooming Academy an exclusive 4 week, 160-hour-long program that is valued up to $6,000! But according to a lawsuit filed against PetSmart.”

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State Street, Sewer Contracts Awarded

“Two major infrastructure improvement projects moved forward after contracts were awarded during Monday’s Marshalltown city council meeting. Contracts for the phase one reconstruction of State Street and sanitary sewer cured in-place pipe project went out to bid last week. Construct submitted,” reports Joe Fisher in Times Republican.

“Public works director Heather Thomas said the winning bid is five percent over the estimated cost of the project. The department recommended acceptance with a proposal to cover the additional cost. The largest funding source change in terms of dollars is an additional $461,741 from American Rescue Plan Act funding. Additionally.”

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Terry McLaurin Absent for Start of Commanders’ OTAs Amid Contract Talks

“As Terry McLaurin awaits his next big contract, he has turned his limited holdout into a full absence. The Washington Commanders’ star wide receiver did not attend the first workout of organized team activities Monday and hasn’t attended any offseason workouts since the conclusion,” reports Nicki Jhabvala in The Washington Post.

“When the first phase of the Commanders’ offseason program began April 18, McLaurin participated in strength and conditioning workouts but declined to take part in any on-field work until his contract situation was resolved. Per the collective bargaining agreement, that phase prohibits on-field work with the football coaches and limits players.”

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Devin Booker, Karl-Anthony Towns Qualify for Supermax Contracts with All-NBA Nods

“Phoenix Suns shooting guard Devin Booker was named a first-team All-NBA selection on Tuesday night, while Minnesota Timberwolves center Karl-Anthony Towns was named to the third team. That made both players eligible in the future for the designated veteran contract, aka a supermax,” reports Timothy Rapp in Bleacher Report.

“Atlanta Hawks point guard Trae Young, who was named to the third team, became eligible for a 30 percent max extension. Players are eligible for 35 percent supermax deals when they have between 7-9 years of NBA experience and meet one of the following criteria. Made an All-NBA team in the most recent season or each of the two seasons.”

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Desert Sands Unified Votes to Renew School Resource Officer Contracts for Three Years at La Quinta Schools

“The Desert Sands Unified School District Board of Education voted unanimously to renew its contract through the 2024-2025 school year with the Riverside County Sheriff’s Department for two deputies to patrol and provide services at the following campuses in La Quinta: La Quinta High,” reports Jonathan Horwitz in Desert Sun.

“The district and the City of La Quinta will each pay for 50 of the cost of the two deputies an estimated amount of $578,500 charged to each agency over the three-year contract. The contract with the sheriff’s department and the memorandum of understanding with the City of La Quinta were approved by the Board on the consent calendar.”

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Adam Silver on NBA Stars Forcing Trades: We Want Players and Teams to Honor Contracts

“From a league standpoint, we want teams to honor contracts, we want players to honor contracts,” he said. “There’s no doubt we’ll sit down and talk about it.  I know we can do better. I know the players want to do better because it’s not an individual sport. So if a player is pushing to move out of a city, it,” reports Timothy Rapp in Bleacher Report.

“While the NBA has seen more and more star players exercise their influence and leverage to force trades in the modern NBA, Brooklyn Nets guard/forward Ben Simmons arguably took it to a new level this past season. Simmons, in his sixth season and in the second of a five-year, $177.2 million contract, requested a trade from the Philadelphia.”

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U.S. Soccer and Top Players Agree to Guarantee Equal Pay

“For the first time, soccer players representing the United States men’s and women’s national teams will receive the same pay and prize money, including at World Cups, under landmark agreements with the U.S. Soccer Federation that will end years of litigation and bitter public disputes over what,” reports Andrew Das in The New York Times.

“The revised pay structures are part of collective bargaining agreements with each team announced Wednesday, three months after a group of top women’s team players settled a gender discrimination lawsuit against U.S. Soccer and six months before the men’s team is scheduled to take the field at the World Cup in Qatar.”

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Reform Groups Urge More Oversight for State Contracts

“Good-government organizations and a range of think tank and advocacy groups are backing the restoration of oversight for billions of dollars in state government spending by the New York comptroller’s office in order to guard against fraud and corruption. The oversight power was previously,” reports Nick Reisman in Spectrum News.

“Having that oversight could be key for preventing fraud or corruption given those entities have been used in the past to provide pass-through funding for economic development projects. Some of those projects in the last decade have fallen under the scrutiny of federal prosecutors. Comptroller oversight is crucial for ensuring the integrity.”

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NFL First-Round Draft Picks Contract Tracker: Jaguars Sign No. 1 Overall Pick Travon Walker to $37M Deal

“The 2022 NFL Draft has come and gone. Now that teams have claims on players they’ve selected throughout the three-day spectacle in Las Vegas, they’ll now head to the negotiating table to hammer out their rookie contracts. Of course, these negotiations are unlike those from over a decade ago when Sam,” reports Tyler Sullivan in CBS Sports.

“Bradford was inking a $78 million deal with $50 million guaranteed after being the first overall pick. Now, thanks to a new CBA, rookie contracts are a lot more tied to the player’s slotted draft position and there really isn’t too much to be negotiated. That said, it is notable when the two sides do come to terms on what is a fully guaranteed deal.”

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Cardinals Sign Three Draft Picks to First Contracts

“The Cardinals began signing their draft picks on Thursday, getting three of their new players under contract. The team signed running back Keaontay Ingram, guard Lecitus Smith and linebacker Jesse Luketa to four-year deals. Ingram and Smith were sixth-round picks, Luketa was one of three,” reports Darren Urban in Arizona Cardinals.

“Seventh-rounders. That leaves second-round tight end Trey McBride, third-round pass rushers Cameron Thomas and Myjai Sanders, seventh-round cornerback Christian Matthew and seventh-round guard Marquis Hayes. The rookies arrived in Arizona for the first time Thursday. Rookie minicamp is Friday through Sunday.”

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How Much do WNBA Players Make? Top 10 Salaries, Max Contracts, Rookie Deals for 2022 Season

“The WNBA is back for its 26th season and this year looks poised to be one of its most intriguing campaigns in recent memory. The Chicago Sky edged past the Las Vegas Aces to claim its first time in franchise history last season. Kahleah Copper won Finals MVP, Candace Parker shed tears and the,” reports David Suggs in The Sporting News.

“It was a summer filled with transactions: the Sparks added Liz Cambage and Katie Lou Samuelson, reinvigorating a talented squad; Diamond DeShields joined Phoenix, adding to the Mercury’s impressive depth. And guard Rhyne Howard went No. 1 overall to the Atlanta Dream. The W has continued to steadily grow in popularity over the year.”

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First-Round Draft Picks Contract Tracker: Jets Sign CB Sauce Gardner, No. 4 Overall pick to Rookie Deal

“The 2022 NFL Draft has come and gone. Now that teams have claims on players they’ve selected throughout the three-day spectacle in Las Vegas, they’ll now head to the negotiating table to hammer out their rookie contracts. Of course, these negotiations are unlike those from over a decade ago when Sam,” reports Tyler Sullivan in CBS Sports.

Sauce Gardner Contract

“Bradford was inking a $78 million deal with $50 million guaranteed after being the first overall pick. Now, thanks to a new CBA, rookie contracts are a lot more tied to the player’s slotted draft position and there really isn’t too much to be negotiated. That said, it is notable when the two sides do come to terms on what is a fully guaranteed deal.”

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Contracts and Privacy Policies in the Age of Smart Readers

“Consumer contracts and privacy policies are inaccessible, long, complex, and tedious. It is not surprising that very few people read contracts let alone understand them before signing them or clicking I accept. This so called no reading problem poses a fundamental challenge for understand,” reports Samuel Becher in The Regulatory Review.

“Scholars have written long volumes on the no-reading problem. Worried about the potential for abuse and exploitation, scholars and policymakers have devised various interventions. Proposals include banning specific egregious terms, mandating that key terms be conspicuous, labeling and ranking contracts and privacy policies.”

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Reviewing Raiders’ Biggest Off Season Contracts

“The Las Vegas Raiders have been one of the most active organizations this NFL offseason thus far. Between free-agent signings, trades, and contract extensions, Las Vegas has dealt some serious cash since the end of the 2021 season, and that can be much attributed to the decisions of new General,” reports Aidan Champion in Fan Nation.

“Raiders star edge rusher Maxx Crosby was the first member of the Silver and Black to be offered a significant contract this offseason. The 2021 Pro Bowler was dealt a contract extension worth $98.98 million over four years last month. He was offered $95 million in new money with $53 million guaranteed. Crosby was more than deserving.”

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The Contractual Impossibility of Unwinding Disney’s Reedy Creek

“There’s been a lot of talk about whether Florida lawmakers can legally dissolve Disney’s Reedy Creek Improvement District, but there’s one basic reason why Florida can’t dissolve it—it promised bond purchasers that it wouldn’t, says Jacob Schumer of Shepard, Smith, Kohlmyer & Hand. Much ado has,” reports Jacob Schumer in Bloomberg Tax.

“About the legality of Florida’s Senate Bill 4C purporting to dissolve Disney’s Reedy Creek Improvement District: whether it was retaliation prohibited by the First Amendment, whether it was passed with sufficient formality, and so on. But there’s a much more basic reason Florida can’t dissolve Reedy Creek it promised bond purchasers that.”

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Labour Says Government Refusal to Publish PPE Firm’s Contracts Reeks of Cover-Up

“Labour has accused ministers of a potential cover-up over a PPE contract with a company linked to Tory peer Michelle Mone, after the health department refused to release documents connected to the deal, citing commercial sensitivities. The row comes days after the National Crime Agency NCA,” reports Peter Walker in The Guardian.

“The row comes days after the National Crime Agency (NCA) searched Mone’s home as part of a potential fraud investigation into the company, PPE Medpro, which won more than £200m in government contracts without public tender. Angela Rayner, Labour’s deputy leader, wrote to the government in January to seek the release.”

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