The Malbek Blog

Supply chain contracts form the backbone of complex networks that underpin operations across industries, defining the obligations and expectations between buyers and suppliers. A well-drafted contract not only outlines the scope of work and delivery schedules but also anticipates potential disruptions, safeguarding continuity and mitigating risks.  Managing these contracts can be challenging, especially in the

Contracts in the oil and gas industry? They’re a beast. With high stakes, massive projects, and a tangled web of legal complexities, it’s no wonder 83%1 of companies say contract management is their biggest headache. Whether you’re wrangling joint operating agreements, navigating production sharing contracts, or keeping service agreements in check, one thing is clear:

A wet signature, also known as a physical signature, refers to the traditional method of signing a document with a pen, leaving behind an ink impression on the paper. This age-old practice has been the standard for legally binding agreements, serving as a symbol of authenticity and consent. However, with the advent of technology, digital

The Hackett Group’s study1 anticipated an 8.0% rise in the procurement workload for 2024. This increase creates potential room for manual errors and emphasizes the importance of stronger collaboration between related departments. To maintain efficiency, procurement processes need adequate legal support and effective contract management. Procurement contract management is essential for smooth information flow, proper

IT contract management is the process of overseeing and managing legal agreements related to information technology assets, services, and licenses. Businesses rely heavily on various IT solutions to operate efficiently and stay competitive, however, managing the numerous contracts associated with these technologies can be a complex task that needs special care. From software licenses to

Princeton, NJ, January 9, 2024 (GLOBE) — Malbek, a leader in Contract Lifecycle Management (CLM) solutions, today announced the appointment of Jaime Slocum as Chief Customer Officer in the Customer Experience function running its comprehensive customer success methodology amid rapid global expansion. Slocum has 20+ years in SaaS primarily in the Contract Lifecycle Management (CLM)

In business environments, contracts govern nearly every aspect of business operations. In the case of long-term partnerships or relationships, the governing agreement type is often the master service agreement, or MSA, for short.  This article explores the Master Service Agreement, delving into its key components when it is most beneficial, and the best practices for

Regardless of whether manufacturing is done in-house or outsourced to an external service provider (contract manufacturing), the entire process can require thousands of contracts to run smoothly. Manufacturing companies deal with complex contracts, including supplier agreements, distribution contracts, and service-level agreements. Therefore, efficient contract management processes are important to ensure on-time and error-free delivery. Manufacturing

Enterprise-level organizations often have a significant volume of agreements, averaging between 20,000 and 40,000 contracts. Managing these complex documents manually is almost impossible, especially when it comes to keeping track of contractual obligations and rights without errors. A contract management system (CMS) is a powerful tool that helps organizations streamline their contract processes from creation