In the last two years, artificial intelligence (AI) has revolutionized various aspects of contract management, becoming increasingly adopted in legal workflows. AI-powered contract lifecycle management tools, enabling AI contract drafting and AI contract analysis, have the potential to transform the way legal professionals handle contracts.  These technologies offer numerous benefits, including increased efficiency, improved accuracy,

The healthcare sector accounted for a significant 11.8% of the global contract management software market share in 2020, highlighting the growing importance of pharmaceutical software solutions in the industry.  From research collaborations and clinical trial agreements to licensing and supply chain contracts, pharma companies must juggle a multitude of agreements while ensuring compliance with stringent

Imagine you’re a contract manager tasked with overseeing various agreements, from supplier contracts to employee agreements. Some contracts require both parties to take action, while others bind only your company to fulfill a promise. Do you know the difference between these two types of contracts and how to manage them effectively? In business, contracts form