# Volody --- ## Pages - [Login Customizer](https://www.volody.com/login-customizer/): This page is used for Login Customizer plugin. It will not be visible to your readers. Do not delete it. - [Free Document Management Software: DMS Software Trial](https://www.volody.com/free-document-management-software-clm-software-trial/): Free Document Management Software Trial Join organizations worldwide digitizing their documents using Volody! End to end Document Management Software Easy... - [Page not found](https://www.volody.com/page-not-found/): 404... The Page Is Not Found Unfortunately, the page you are looking for does not exist yet. Back To Home - [Streamline your contracting process | Get in Touch with us!](https://www.volody.com/contact-us/): Get in touch with one of our contract management experts by filling out the form. Explore how Volody CLM streamlines your contracting needs. - [Free eSign Software: Your eSign Software Trial!](https://www.volody.com/free-esign-software-your-esign-software-trial/): Start your 14-day Free Trial Today! Easy to Use eSignature Software Join organizations worldwide with e-signing their documents using Volody!... - [Industry](https://www.volody.com/solutions/industry/): Industry Page - [Explore](https://www.volody.com/explore/): Explore Page - [Other pages](https://www.volody.com/other-pages/): Other Page - [About](https://www.volody.com/explore/about/): About Us - [Success stories](https://www.volody.com/success-stories/): Success stories - [Department](https://www.volody.com/solutions/department/): Department Page - [Solutions](https://www.volody.com/solutions/): Solutions Page - [Terms and Conditions | Volody's AI-powered CLM Software](https://www.volody.com/term-and-condition/): Explore Volody's AI-driven Contract Management Software's Terms and Conditions for comprehensive information. - [Volody's AI CLM - Privacy Policy and Compliance with GDPR](https://www.volody.com/gdpr/): Privacy Policy and Compliance with General Data Protection Regulation (GDPR) | Volody's AI Contract management Software - [Cookie & Privacy Policy | Volody's AI-powered CLM Software](https://www.volody.com/cookie-and-privacy-policy/): Explore Volody's AI-driven Contract Management Software's Cookie and Privacy Policy for comprehensive information. - [DPDPA | Volody's AI-powered CLM Software](https://www.volody.com/dpdpa/): Explore Volody's AI-driven Contract Management Software's Cookie and Privacy Policy for comprehensive information. - [LinkSquares Alternative: Why Volody is the Top Choice (2025)](https://www.volody.com/compare/linksquares-alternative-why-volody-is-the-top-choice-2025/): LinkSquares Alternative: Volody’s Advanced Edge 2025 Automation Meets Manual Efforts: LinkSquares Style LinkSquares is a modern CLM solution with strong... - [Provakil Alternative: Achieve More with Volody AI CLM](https://www.volody.com/compare/provakil-alternative-achieve-more-with-volody-ai-clm/): Provakil Alternative: Achieve More with Volody’s CLM Provakil : A Wild Ride Through Legal Tech Limitations Get ready for a... - [Malbek Alternative: Volody Simplifies Contracting](https://www.volody.com/compare/malbek-alternative-volody-simplifies-contracting/): Malbek Alternative: Volody Simplifies Contracting Malbek: Complexities That Hinder Usability Malbek is a robust CLM solution with advanced features tailored... - [Stuck with DocuSign CLM? Volody Guides Your Way!​](https://www.volody.com/compare/stuck-with-docusign-clm-volody-guides-your-way/): Stuck with DocuSign CLM? Volody Guides Your Way! Tired of DocuSign CLM’s Shortcomings? Discover a Real Solution DocuSign CLM software... - [What is a Contract Management Software? | Volody AI CLM](https://www.volody.com/what-is-clm-software/): Discover how Contract Management Software enhances contracting. Learn about how Volody's AI CLM Software streamlines legal operations. - [Juro Holding You Back? Volody Pushes You Forward](https://www.volody.com/compare/juro-holding-you-back-volody-pushes-you-forward/): Juro Holding You Back? Volody Pushes You Forward Want to pay more for fewer features? Juro is your choice. Juro,... - [SpotDraft Vs Volody](https://www.volody.com/compare/spotdraft-vs-volody/): Why Spotdraft Falls Short – and How Volody CLM Excels Willing to compromise on performance and simplicity? Choose SpotDraft. SpotDraft... - [Agiloft Alternative: Volody is the Smarter Choice for 2025](https://www.volody.com/compare/agiloft-alternative-why-volody-is-better/): Searching for an Agiloft alternative? Discover a smarter contract management solution that streamline workflows, and improves your efficiency. - [Ironclad Issues? Volody Delivers What Ironclad Can't​](https://www.volody.com/compare/ironclad-issues-volody-delivers-what-ironclad-cant/): Ironclad Alternative? Volody Delivers What Ironclad Can’t Willing to pay more and wait longer? Choose Ironclad. Ironclad is one of... - [Products](https://www.volody.com/product/): Products Page - [Site Map](https://www.volody.com/sitemap/): Sitemap Product AI CLM Software Litigation Management Software eSign Software SDD Software Department Legal Finance Procurement Sales Industry Technology Transportation... - [How to prepare for a Contract Management Software Demo?](https://www.volody.com/guide-to-your-clm-demo/): Enhance your Contract Management Software demo preparation with these effective tips from industry experts. A guide to ace your CLM demo! - [Thank You](https://www.volody.com/thank-you/): Thank You! We’re excited to show you how our platform can help streamline your workflow. One of our team members... - [Resource](https://www.volody.com/resource/): Knowledge Hub: Contract Management 101 All Posts AI in Legal All about Contracts Best Practices Business & Strategy Case Studies... - [Free Contract Management Software: CLM Software Trial](https://www.volody.com/clm-free-trial/): Free Contract Management Software Trial Join organizations worldwide digitizing their contracts using Volody! End to end Contract Lifecycle Management Easy... - [How to choose the right CLM Software? | Volody AI CLM](https://www.volody.com/how-to-choose-the-right-clm-software/): How to evaluate CLM Software? Check out this article to learn how to choose the right contract management software for your organization. - [Contract Management Software Pricing: Explore The Best](https://www.volody.com/pricing/): Explore Volody affordable contract management price plans tailored for you. Unlock value, flexibility, & excellence for your contracting needs today. - [About Volody | Volody AI CLM](https://www.volody.com/about-us/): Transform legal operations by providing cutting edge technology solutions to digitize contracts, handle disputes, manage IPs & track spend. - [Enhance Contract Analysis with Volody AI CLM](https://www.volody.com/product/feature/contract-analysis/): Enhance contract analysis with Volody's AI-powered Contract Management Software. Extract clauses, key terms, and access data easily. - [Create Secure Central Contract Repository with AI CLM | Volody](https://www.volody.com/product/feature/contract-repository/): Centralize contracts using Volody's secure cloud-based contract management software. Enhance visibility & centralize legacy contracts. - [Simplify Obligation Management with Volody AI CLM](https://www.volody.com/product/feature/obligation-management/): Track all contract milestones and renewals seamlessly with Volody's AI contract management software. Ensure compliance & manage obligations. - [Compare Volody with Other Contract Management Tools](https://www.volody.com/compare/): How Volody Stacks Up Against Other CLM Providers Leading organizations rely on Volody for seamless contract management. Here’s why businesses... - [Customer Testimonials & Success Stories | Volody AI CLM](https://www.volody.com/success-stories/customer-testimonials/): Discover how Volody's AI CLM Software has transformed businesses with real customer testimonials and success stories. - [Contract Management Customer Case Studies | Who uses Volody?](https://www.volody.com/resource/case-studies/): Contract Management Software Case Study. Explore how global organizations are streamlining their contracting operations with Volody's AI CLM. - [Data-driven Smart Dashboards with Volody AI CLM](https://www.volody.com/product/feature/dashboard-and-reporting/): Enhance analysis using smart drill-down dashboards for informed choices. Customize MIS reports and track with Volody's AI Contract Software. - [Draft Watertight Contracts with Volody AI CLM](https://www.volody.com/product/feature/stronger-contracts/): Create secure contracts with risk insights via Volody's AI CLM Software. Safeguard your organization using legally-approved clauses. - [Automate Contract Drafting with Volody AI CLM](https://www.volody.com/product/feature/automate-drafting/): Use Pacta AI to transform contract management, fasten reviews with AI features like risk analysis, clause suggestions, AI-powered chatbot, etc. - [Automate Contract Approval & Customize Workflows with AI CLM](https://www.volody.com/product/feature/approval-workflow/): Streamline contract approval with Volody's AI CLM. Accelerate cycles using drag & drop approval. Inform stakeholders & ensure compliance. - [Ultimate AI for Contract Management: Pacta AI](https://www.volody.com/product/feature/volody-ai/): Use Pacta AI to transform contract management, fasten reviews with AI features like risk analysis, clause suggestions, AI-powered chatbot, etc. - [Insider Trading Compliance Software](https://www.volody.com/insidertradingcompliance/): SDD for VOLODY INSIDER TRADING COMPLIANCE Stay compliant with SEBI’s latest PIT regulations with Volody’s Insider Trading Compliance Software Book... - [Free electronic signature software—sign docs with ease](https://www.volody.com/product/esign-software/): Discover our free electronic signature software. eSign documents quickly and securely with ease, ensuring a seamless and efficient e-signing process. - [Best AI-powered Litigation Management Software | Volody](https://www.volody.com/product/litigation-management-software/): Volody's litigation management software optimizes the litigating processes, boosts productivity, and enhances decision-making with the power of AI. - [Best AI-Powered Contract Management Software | Volody AI CLM](https://www.volody.com/product/contract-management-software/): Volody's contract management software optimizes contract processes, boosts productivity, and enhances decision-making with the power of AI. - [Contract Management Software for Healthcare Firms | AI CLM](https://www.volody.com/solutions/industry/healthcare/): Volody's Contract Management Software is tailored to help healthcare companies automate admin work and eliminate contracting bottlenecks. - [Contract Management Software for Financial Services Company](https://www.volody.com/solutions/industry/financial/): Volody's AI Contract Management Software aids Financial Services firms in streamlining contracts, tracking spend & removing bottlenecks. - [Contract management Software for Telecom Companies | AI CLM](https://www.volody.com/solutions/industry/telecom/): Volody's contract management software for Telecoms: automate admin tasks, and boost supplier collaboration for customer satisfaction. - [Contract Management Software for Manufacturing Firm | AI CLM](https://www.volody.com/solutions/industry/manufacturing/): AI Contract Management Software tailored to help Manufacturers streamline contract management, lower costs and enhance supplier collaboration - [Contract management Software for Automotive Firms | AI CLM](https://www.volody.com/solutions/industry/automotive/): Volody's AI CLM is tailored to help Automotive companies streamline contract management, lower costs and enhance supplier collaboration. - [Contract Management Software for Retail Companies | AI CLM](https://www.volody.com/solutions/industry/retail/): Volody's AI Contract Management for retail firms: Track renewals & boost supplier collaboration to fast-track market time & revenue growth. - [Contract Management Software for Energy Companies | AI CLM](https://www.volody.com/solutions/industry/energy/): Volody's Contract Management Software aids energy firms in efficiently handling contracts, CAPEX operation management & enhancing visibility. - [AI CLM Software for Pharmaceutical Companies | Volody Smart CLM](https://www.volody.com/solutions/industry/pharmaceutical/): AI Contract Management Software tailored to help Pharmaceutical companies streamline contract management, manage clinical trials and improve visibility - [Contract Management Software for Transportation Firm | AI CLM](https://www.volody.com/solutions/industry/transportation/): Volody's AI Contract Management Software is tailored to help logistics companies manage complex supplier relationships & improve visibility. - [Contract management Software for IT Service & Tech Companies](https://www.volody.com/solutions/industry/technology/): Volody's AI Contract Management Software is designed to expedite contracting, remove bottlenecks & fuel growth for IT Service & Tech company. - [Accelerate Sales Cycle with AI-powered CLM for Sales Teams](https://www.volody.com/solutions/department/sales/): Volody's AI Contract Management software speeds the sales cycles, drafts standardized agreements & boosts revenue for sales teams. - [Manage Vendor Contracts with Volody CLM for Procurement Team](https://www.volody.com/solutions/department/procurement/): Volody's AI contract management software aids procurement in tracking vendor deliverables, standardizing agreements, & managing obligations. - [Contract Lifecycle Management Software: Volody's AI CLM Tool](https://www.volody.com/): Streamline contract drafting with self-service forms, using Volody's AI CLM Software for effortless contract creation and faster cycles. - [Contract Management Software for Legal Teams | Volody's AI CLM](https://www.volody.com/solutions/department/legal/): AI Contract Management software is designed to help legal teams automate manual tasks, enhance legal review, and improve overall productivity - [Reduce Spend Leakage with Volody's AI CLM for Finance Team](https://www.volody.com/solutions/department/finance/): Volody's Contract Management software is designed to help finance teams accurately track spend, reduce leakage, and manage obligations --- ## Posts - [Navigating AI Security: A Comprehensive for Legal Experts](https://www.volody.com/resource/navigating-ai-security-a-guide-for-legal/): Discover essential strategies for mitigating AI security risks in legal. Our guide for legal covers everything you need to know about AI security. - [What are Manufacturing Contracts? Your Comprehensive Guide](https://www.volody.com/resource/your-guide-to-manufacturing-contracts/): Master manufacturing contracts! Explore 14 types of manufacturing contracts, key clauses, and legal essentials for drafting your perfect agreement. - [Top 10 Essential KPIs for Contract Management: A 2025 Guide](https://www.volody.com/resource/10-essential-kpis-for-contract-management/): Learn the must-know these top 10 KPIs for contract management success in 2025. Elevate your contract performance with these metrics. - [What is Good Faith in Contract Negotiations? Unlock Success](https://www.volody.com/resource/what-is-good-faith-in-contract-negotiation/): Dive into the concept of good faith in contract negotiations and how it can lead to positive results. Read our blog now. - [All About Boilerplate Clause in Contracts: Master the Basics](https://www.volody.com/resource/all-about-boilerplate-clauses-in-contracts/): This blog will be speaking about what are boilerplate clauses, why to have them and benefits of having boilerplate clauses in contracts - [5 Employment Contract Pitfalls You Can Easily Avoid](https://www.volody.com/resource/5-employment-contract-pitfalls-to-avoid/): This blog will tell you about what employment contracts are, how to mitigate risk in these contracts and top 5 pitfalls you can easily avoid. - [Takeaways from CLOC Legal: Powerful Insights from CGI2025](https://www.volody.com/resource/cloc-legal-insights-from-cgi2025/): Discover key takeaways from CLOC Legal at CGI2025. Our blog highlights essential insights and trends impacting the legal industry today. - [7 Powerful ChatGPT Prompts for Lawyers & Legal Professionals](https://www.volody.com/resource/7-chatgpt-prompts-for-lawyers-and-legal/): Explore 7 must-try ChatGPT prompts for legal professionals. Enhance your legal drafting and research skills with our these proven legal prompts. - [Agentic AI in Legal: 5 Effective Ways Lawyers Use Agentic AI](https://www.volody.com/resource/5-ways-lawyers-can-use-agentic-ai/): Discover how agentic AI is transforming legal work—streamlining contract management, enhancing legal research, and optimizing workflows. - [What are AIA Contract Documents? How to Manage Them Effectively?](https://www.volody.com/resource/aia-contract-documents-how-to-manage-them/): Discover what are AIA Contracts in construction. Learn how these contracts reduce risks, improve communication, & enhance project management. - [Crafting the Perfect Statement of Work (SOW)](https://www.volody.com/resource/crafting-the-perfect-statement-of-work-sow/): A well-crafted Statement of Work (SOW) is key to project success. Learn how to define scope, set goals, manage milestones, & ensure compliance. - [What are Sports Contracts? Essential Terms & Winning Strategies](https://www.volody.com/resource/what-are-sports-contracts-key-principles/): Explore the key elements of sports contracts, including contract length, compensation, negotiation tactics, legal frameworks, and dispute resolution. - [Missed Contract Obligations? What to Do Next?](https://www.volody.com/resource/managing-contract-obligations-compliance/): Meeting contract obligations prevents legal issues, builds trust, and ensures smooth operations. CLM software automates tracking and compliance. - [Influencer Contract Essentials: A Comprehensive Guide](https://www.volody.com/resource/influencer-contract-essentials-a-guide/): Learn how to create a strong influencer contract: scope of work, payment terms, legal guidelines, IP rights, FTC compliance, and dispute resolution. - [Missed a Contract Deadline? Here’s What You Should Do Next!](https://www.volody.com/resource/missed-contract-deadline-what-to-do/): Learn the risks of missed contract deadlines, how to fix them, and ways to prevent future delays with CLM software - [What is a Content Licensing Agreement? Comprehensive Guide](https://www.volody.com/resource/what-is-a-content-licensing-agreement/): Learn all about content licensing agreements in our detailed guide. Get informed on this crucial aspect of content creation.. - [Insurance Contracts Made Easy with AI CLM](https://www.volody.com/resource/insurance-leader-ai-clm-transformation/): How an AI-powered CLM transformed an insurance provider’s contract management, boosting efficiency, collaboration & automation. - [HIPAA Business Associate Agreements: Master the Basics](https://www.volody.com/resource/hipaa-business-associate-agreement-guide/): This blog explains HIPAA Business Associate Agreements (BAAs) and their role in protecting PHI and ensuring compliance. - [Who uses Contract Management Software? CLM Users](https://www.volody.com/resource/what-is-contract-management-software/): Discover the basics of contract management software on our blog. Find all you need to know about contract management software. - [HDFC Securities: Transforming Contract Management](https://www.volody.com/resource/hdfc-securities-contract-management/): HDFC Securities boosts contract management with Volody's CLM software for better efficiency and security. - [Patents 101: Bold Steps, Types, and Legal Secrets](https://www.volody.com/resource/patents-101-bold-steps-types-legal-secrets/): A quick guide to patents, its types, steps, and legal essentials for protecting and leveraging your innovations. - [What Is Intellectual Property Essential Guide to Management](https://www.volody.com/resource/intellectual-property-protect-innovation/): This blog explores how intellectual property (IP) safeguards innovations and helps maximize their value for businesses and entrepreneurs. - [What Does Litigation Mean? Definition & Meaning](https://www.volody.com/resource/what-does-litigation-mean-definition/): Learn about litigation, its process, types, & how it compares to arbitration. Understand legal disputes & how the court resolves them effectively. - [California LA Wildfires: Tackling Insurance Challenges](https://www.volody.com/resource/california-wildfires-insurance-challenges/): Discover why Californians struggle with wildfire insurance claims and explore solutions to secure fair compensation. - [Who Are In-House Counsels & How Do They Protect Business?](https://www.volody.com/resource/in-house-counsel-in-the-digital-era/): In-House Counsel, Role, Skills proactive solutions, making them key to modern business success. - [Effective Contract Management: Key Strategies for Success](https://www.volody.com/resource/effective-contract-management-strategies/): Learn the essentials of contract management, including best practices, software solutions, to streamline the contract lifecycle & reduce risk. - [Contract Management Software for Government Sector](https://www.volody.com/resource/contract-management-tool-for-government/): Streamline contracts with contract management software for government that ensures compliance and enhances transparency - [Contract Management for Nonprofits: A Comprehensive Guide](https://www.volody.com/resource/contract-management-for-nonprofits/): Discover how effective contract management can empower nonprofits to maximize resources, ensure compliance, & mitigate risks with CLM. - [Insurance Liabilities: Crucial Lessons from LA's Firestorm](https://www.volody.com/resource/insurance-liabilities-la-firestorm/): The LA fires reveal insurance challenges, from surging claims to managing liabilities, emphasizing the need for adaptability and resilience. - [LA's Burning Crisis: Insurance and Policy Torn Apart](https://www.volody.com/resource/smoke-clears-la-policy-insurance/): LA faces a wildfire crisis, exposing insurance issues and infrastructure gaps, demanding urgent policy reforms - [Top 8 Legal AI Tools in 2025: Elevate Your Legal Process](https://www.volody.com/resource/top-8-legal-ai-assistants-to-use-in-2024/): Discover the benefits, functions, and ethical considerations of legal AI tools in the legal profession. Explore top 8 Legal AI assistants to use in 2024. - [Top 7 Legal Issues in Real Estate You Should Know](https://www.volody.com/resource/legal-issue-in-real-estate-all-should-know/): Discover the top 7 legal issues in real estate, including title disputes, zoning violations, contractual errors, etc. Learn how to navigate transactions. - [Vendor Negotiation: 4 Steps of Success Contract Negotiation](https://www.volody.com/resource/vendor-negotiation-4-steps-of-success/): Learn effective vendor negotiation strategies to secure better deals, build strong partnerships, and save costs with this beginner-friendly guide. - [Spectra Medical Devices vs Vgyaan Pharmaceuticals: $1.3M Dispute](https://www.volody.com/resource/spectra-medical-devices-vs-vgyaan-pharma/): Delve into the $1.3M Spectra vs. Vgyaan lawsuit, highlighting key legal principles, financial risks, & how one can prevent costly disputes in pharma. - [Who is an Outside Counsel? Your Comprehensive Guide](https://www.volody.com/resource/who-is-an-outside-counsel-a-guide/): Picture a business as a race car speeding down a track, with sharp turns and obstacles ahead. The legal challenges—contracts,... - [Crypto Exchange Giant Revolutionizes Contract Management](https://www.volody.com/resource/crypto-exchange-giant-transforms-contracts/): Discover how a leading crypto exchange streamlined its contract management and boosted efficiency with Volody's AI-powered CLM solution. - [4 Legal Issues in Retail: How to Mitigate Risks in Retailing](https://www.volody.com/resource/4-legal-issues-in-retail-and-mitigate-risk/): Explore common legal issues in the retail industry and discover effective strategies to mitigate risks and ensure smooth operations in retailing. - [Boys & Girls Club of San Francisco (BGCSF): CLM Case Study](https://www.volody.com/resource/boys-girls-club-of-san-francisco-clm/): Discover how Boys & Girls Club of San Francisco streamlined contract management with Volody boosting efficiency, accuracy, and compliance. - [10 Legal Issues in Logistics and Transportation Industry](https://www.volody.com/resource/legal-issues-in-logistics-transportation/): Explore key legal issues in logistics, such as unclear SLAs, liability disputes, & compliance challenges. Learn how a good CLM tool can reduce risks. - [9 Legal Issues in Hospital & Healthcare Everyone Should Know](https://www.volody.com/resource/legal-issues-in-hospital-and-healthcare/): Effective contract management is crucial for hospitals to avoid legal issues, compliance risks, & costly disputes. Learn how CLM software can help. - [10 Crucial Legal Issues Every SaaS Company Must Address](https://www.volody.com/resource/top-10-legal-issues-in-saas-industry/): Explore key legal issues in SaaS agreements, including data security, IP, compliance, & dispute resolution, & learn how CLM tools can mitigate risks. - [Master Contract Obligation Management: 5 Proactive Steps](https://www.volody.com/resource/5-tips-for-contract-obligation-management/): Explore 5 effective obligation management strategies to avoid pitfalls, enhance compliance, & build stronger vendor relationships for success. - [Volody's AI CLM Transform Contract With PPG Asian Paints](https://www.volody.com/resource/volodys-ai-clm-transform-ppg-asian-paints/): Learn how PPG Asian Paints improved contract management efficiency and compliance with Volody's AI-powered CLM platform. - [Contract Management Software for Sales: Simplify Your Deals](https://www.volody.com/resource/contract-management-software-for-sales/): Contract Management Software for Sales. Simplify your sales process, streamline workflows, and better decision-making to close more deals. - [Volody's AI CLM Transforms contract with Global Conglomerate](https://www.volody.com/resource/transforms-global-conglomerate/): Volody’s AI CLM transformed contract management for a large conglomerate, improving efficiency, compliance, and visibility. - [A Comprehensive Guide to Different Types of Legal Counsel](https://www.volody.com/resource/legal-counsel-titles-and-functions/): Discover the key roles in in-house legal counsel teams and their responsibilities. A must-read guide for businesses and aspiring legal professionals. - [What's the Difference: In-House Counsel and Outside Counsel](https://www.volody.com/resource/difference-outside-and-in-house-counsel/): This blog speaks about the different between an in-house counsel and outside counsel. Roles and responsibilities explained. Make informed choice. - [How to Review a Contract: 10 Tips for successful Contract](https://www.volody.com/resource/how-to-review-a-contract-tips-for-success/): Discover the essentials of how to review a contract effectively, avoid risks, and protect your business with our contract review tips and checklist. - [Hospitality Contract Management: Best Practices](https://www.volody.com/resource/hospitality-contract-management-software/): Discover hospitality contract management, including best practices, common challenges, & how contract management software can reduce risks. - [Mastering Contract Terms: Your Comprehensive Guide](https://www.volody.com/resource/mastering-contract-terms-your-guide/): Learn about key contract terms, including expressed and implied terms, to protect your business. Understand pitfalls & how to manage contracts. - [Contract Management Software for Finance: A Detailed Guide](https://www.volody.com/resource/contract-management-software-for-finance/): Contract management software for finance team offers a centralized system to manage agreements, & ensure compliance across all operations. - [Who is a Chief Legal Officer (CLO)? A Powerful Legal Partner](https://www.volody.com/resource/who-is-a-chief-legal-officer-clo/): Explore the role of a Chief Legal Officer (CLO), including key responsibilities, skills, salary, & how they guide organizations through legal challenges. - [Contract Management for Procurement: Elevate Your Strategy](https://www.volody.com/resource/contract-management-for-procurement/): Learn how effective contract management enhances procurement, reduces risks, and boosts efficiency. Explore strategies, and best practices. - [Contract Management Software for Media and Entertainment](https://www.volody.com/resource/contract-management-media-entertainment/): Enhance contract management in the media and entertainment industry with CLM software. Improve compliance, efficiency, and protect your IP. - [Real Estate Contract Management Software: A Detailed Guide](https://www.volody.com/resource/real-estate-contract-management-software/): Learn why real estate contract management software is a must-have for tracking deadlines, automating tasks, and ensuring regulatory compliance. - [Education Contract Management Software: Detailed Guide](https://www.volody.com/resource/education-contract-management-software/): Schools and universities are no longer just focused on education—they now work like large organizations with many responsibilities. One of... - [What is Central Repository? An Effective Guide](https://www.volody.com/resource/what-is-a-central-repository/): Dive into the world of central repository for contracts with our detailed guide. Explore the fundamentals of this essential concept. - [Is Esign Legal in India? All About eSignature's Legality](https://www.volody.com/resource/esign-legal-in-india-all-about-esignature/): Learn about the legality of eSignatures in India under the Information Technology Act, 2000. Discover how they work, their types, & legal compliance. - [What is Contract Workflow? Benefits of Automating Approvals](https://www.volody.com/resource/what-is-contract-workflow-why-automate/): Automating contract workflow can improve efficiency, reduce errors, & speed up approvals. Discover steps to streamline your contract management. - [Role of a General Counsel: What Does a GC Do?](https://www.volody.com/resource/role-of-a-general-counsel-what-does-gc-do/): Discover the role of a General Counsel (GC), their responsibilities, skills, career path, salary, & how they guide businesses through legal challenges. - [Contract Drafting Tips: Create Contracts Effortlessly](https://www.volody.com/resource/contract-drafting-made-easy-tips/): Simplify contract drafting with this guide, providing practical tips for creating legally valid, clear agreements using automation and best practices. - [What is Contract Lifecycle Management? A Quick Overview](https://www.volody.com/resource/what-is-contract-lifecycle-management-clm/): Discover what contract lifecycle management is, its stages, key benefits, and how CLM software can help streamline processes for your business. - [What Is Contract Analysis? Key Benefits Uncovered](https://www.volody.com/resource/what-is-contract-analysis/): Explore contract analysis, its process, and AI-powered tools to simplify legal reviews. Discover expert insights with Volody. - [What Is a Contract Repository and How Does It Work?](https://www.volody.com/resource/what-is-contract-repository-how-it-work/): A contract repository is a secure digital space where all your contracts are stored, organized, and easily accessible. - [The $12 Million Dispute: Baker Mayfield’s Breach of Contract](https://www.volody.com/resource/baker-mayfields-camwood-capital-management/): Explore NFL Star Baker Mayfield's $12 million lawsuit against his dad: Camwood Capital Management Group, highlighting breach of contract & trust. - [6 Key Performance Indicators (KPIs) for Legal Departments](https://www.volody.com/resource/6-kpis-for-legal-departments-you-must-know/): Discover the key performance indicators (KPIs) that help legal departments track performance, boost efficiency, & demonstrate their strategic value. - [What is Contract Management? Your Detailed Guide](https://www.volody.com/resource/what-is-contract-management/): Learn about contract management, its standard practices, pitfalls of manual methods, and how automation improves workflows and reduces risks. - [Top 20 Black Friday SaaS Software Deals in 2024](https://www.volody.com/resource/20-black-friday-saas-software-deal-in-2024/): Discover the Top 20 Black Friday SaaS Deals of 2024! Unlock exclusive discounts on powerful software for marketing, sales, productivity, and more. - [What does Contract Redlining mean? Know your Basics](https://www.volody.com/resource/what-is-contract-redlining-know-basics/): Learn the essentials of contract redlining, its challenges, & benefits. Discover tools, strategies, & tips to streamline negotiations & improve efficiency. - [What is Contract Management Software?](https://www.volody.com/resource/what-is-contract-management-software-2/): Contract management software is a digital tool that helps businesses create, negotiate, sign, and store contracts more efficiently. - [Risk of Managing Contracts on Excel Spreadsheets](https://www.volody.com/resource/risk-of-managing-contracts-on-excel-spreadsheets/): Structuring an Excel spreadsheet for contract management can indeed be quite efficient, especially for smaller businesses or teams with simpler... - [Master the Art of Contract Renewal Negotiation](https://www.volody.com/resource/art-of-contract-renewal-negotiation/): Learn essential strategies for successful contract renewal negotiation. This guide provides the tools needed to secure the best possible terms. - [7 Ways You Can Use ChatGPT for Contract Negotiation](https://www.volody.com/resource/use-chatgpt-for-contract-negotiation/): Discover 7 ways how you can use ChatGPT for contract negotiations. From analyzing clauses, simulating scenarios to generating creative solutions. - [What is A Memorandum of Understanding (MOU)?](https://www.volody.com/resource/what-is-memorandum-of-understanding-mou/): Build successful partnerships with clear, well-crafted Memorandum of Understanding (MOUs). Follow our tips to define roles, set shared goals. - [WCC Top 10 Negotiated Terms of 2024](https://www.volody.com/resource/wcc-top-10-negotiated-terms-of-2024/): Imagine you’re negotiating a partnership between two companies. Both sides want to benefit from the deal but also need to... - [Top 10 Negotiated Clauses You Should be Aware Of](https://www.volody.com/resource/top-10-negotiated-clauses-you-should-know/): Here are top 10 most negotiated clauses, including termination, indemnity, and payment terms, and learn how they protect clients and reduce risk. - [Contract Versions: A Guide to Easily Tracking Each Update](https://www.volody.com/resource/simplify-contract-version-control-strategy/): This blog post discusses best practices for effective contract version management, the importance of clarity, technology, & systematic processes. - [Mastering Business Agreements: Essential Guide](https://www.volody.com/resource/business-agreement-essential-guide/): A guide to understanding business agreement, the role of CLM, and how clear terms help small and large businesses navigate legal complexities. - [Contract Termination: Tips to Avoid Legal Issues](https://www.volody.com/resource/navigating-early-contract-termination/): Learn about contract termination, its legal implications, and steps for early termination to avoid penalties and protect your rights. - [A Guide to Excel-Based Contract Management](https://www.volody.com/resource/excel-based-contract-management-worth-it/): Discover pros and cons of using Excel-based contract management & explore how CLM software can improve efficiency, collaboration, & security. - [Failed CLM Implementation? Here’s the Ultimate Fix](https://www.volody.com/resource/reasons-behind-a-failed-clm-implementation-2/): Discover key reasons behind failed CLM implementations and learn how to achieve success with effective strategies and solutions like Volody. - [Mastering Influencer Agreement : A Comprehensive Resource](https://www.volody.com/resource/the-guide-to-influencer-agreements/): Discover how to create effective influencer agreements that protect both parties, clarify expectations, & ensure successful marketing collaborations. - [10 Best Contract Management Software in the USA](https://www.volody.com/resource/top-usa-contract-management-software-picks/): Explore the top contract management software in the USA. Compare features, weigh pros & cons. Find your ideal CLM solution with our short guide. - [Joint Venture Agreement: Essential Tips for Drafting](https://www.volody.com/resource/tips-for-joint-venture-agreement-drafting/): Learn the key components of drafting a strong Joint Venture Agreement also known as JV agreements, from profit sharing to exit strategies. - [Free Contract Management Software in India | Top 7](https://www.volody.com/resource/contract-management-software-india-top-7/): In today’s fast-paced business environment, effectively managing the contracting process is crucial for maintaining legal compliance and ensuring smooth operations.... - [5 Tips for Effective Contract Collaboration: A Short Guide](https://www.volody.com/resource/streamline-contract-collaboration-for-team/): In today’s fast-paced business environment, effective contract collaboration is essential for success. This approach streamlines the contract lifecycle. - [How to Manage a Contract Post Execution? Best Practices](https://www.volody.com/resource/master-contract-post-execution/): Explore key strategies for effective contract post execution management, risk mitigation, and smooth renewals with automated tools. - [How to Simplify Contract Approvals? A Comprehensive Guide](https://www.volody.com/resource/accelerate-your-contract-approval-process/): Contract approval workflows are key to minimizing risk and avoiding delays. Find out how to set them up to improve efficiency in your organization. - [What is Business Associate Agreement (BAA)? Detailed Guide](https://www.volody.com/resource/what-is-business-associate-agreement-baa/): Learn the importance of business associate agreements (BAAs) and how they protect your business. Visit our blog for details. - [What is a Joint Marketing Agreement? A Comprehensive guide](https://www.volody.com/resource/what-is-joint-marketing-agreement-a-guide/): Explore the benefits of Joint Marketing Agreements (JMAs) for your business. Get insights into its key components, benefits, & potential challenges. - [What is Privacy disclosure agreement? A Comprehensive guide](https://www.volody.com/resource/what-is-privacy-disclosure-agreement/): Discover the what is a Privacy Disclosure Agreement, including its key components, legal importance, and how it safeguards sensitive information. - [Essential Guide to Sales and Purchase Agreement](https://www.volody.com/resource/essential-guide-to-sales-and-purchase-agreement/): Discover the key elements of Sales and Purchase Agreements with our concise guide to secure successful transactions. - [What is an Automatic Contract Renewal Clause? Detailed Guide](https://www.volody.com/resource/what-is-automatic-contract-renewal-clause/): Explore the essentials of automatic contract renewal clauses, their importance, benefits, key elements, and best practices for effective management. - [What is Cost Reimbursement Contracts? A Complete Guide](https://www.volody.com/resource/mastering-cost-reimbursement-contracts/): Your guide to mastering cost reimbursement contracts: key insights and tips for effective management. - [Ultimate guide of Contract Repository Systems](https://www.volody.com/resource/what-is-a-contract-repository-system/): Streamline contract management with a Contract Repository System. Maximize efficiency and organization in this post. - [How to Simplify Contract Review with AI? Comprehensive Guide](https://www.volody.com/resource/how-to-simplify-contract-review-with-ai/): Discover how contract review is simplified by AI. Enhance your legal processes by improving accuracy, efficiency, and risk management with AI. - [What is a Franchise Agreement? A Complete Guide](https://www.volody.com/resource/what-is-a-franchise-agreement-a-guide/): Discover the essentials of franchise agreements in our comprehensive guide. Explore how to draft, negotiate franchising agreements in a better way - [What is Channel Partner Agreement? A Comprehensive Guide](https://www.volody.com/resource/what-is-a-channel-partner-agreement/): A detailed guide on channel partner agreements, covering types, benefits, and pitfalls. Learn how to structure and negotiate these agreements. - [Contract Storage Made Easy: Tips for Success](https://www.volody.com/resource/contract-storage-easy-tips-for-success/): Simplify contract storage with our expert tips for success. Discover efficient ways to manage your contracts on our blog! - [What are Fixed Price Contracts? Your Ultimate Guide](https://www.volody.com/resource/what-are-fixed-price-contracts-your-guide/): Explore the essentials of Fixed Price Contracts with our comprehensive guide, covering types, adjustments, & management for legal professionals. - [What is an Enterprise License Agreement (ELA)?](https://www.volody.com/resource/what-is-enterprise-license-agreement-ela/): Learn about Enterprise License Agreements (ELAs), including licensing, confidentiality, termination, and more in our comprehensive guide. --- ## Case Studies - [Streamlining Telecom Contract Processes: A Volody Case Study](https://www.volody.com/resource/case-study/telecommunication-case-study/): Case Studies Telecom Giant Uses Volody to Reduce TAT from 90 to 21 Days At a Glance A multinational telecom... - [E-Commerce Contracting: A Transformation Case Study](https://www.volody.com/resource/case-study/e-commerce-contracting-a-transformation-case-study/): Case Studies E-Commerce Giant Streamlines Contract Management with Volody At a Glance An established e-commerce retailer in beauty and fashion... - [Largest Pharmacy Chain Switches To Volody CLM](https://www.volody.com/resource/case-study/largest-pharmacy-chain-switches-to-volody-clm/): Case Studies How a Pharma Giant Transformed Contracts with Volody AI CLM At a Glance A leading pharmaceutical chain implemented... - [Streamlining Automotive Contracts: A Digital Success](https://www.volody.com/resource/case-study/streamlining-automotive-contracts-a-digital-success/): Case Studies Automobile Giant Streamlines Contracting with Volody At a Glance A leading automotive manufacturer successfully addressed approval delays &... - [Digitizing Contracts: A Food & Beverage Sector Success Story](https://www.volody.com/resource/case-study/digitizing-contracts-a-food-beverage-sector-success-story/): Case Studies Food & Beverage Leader Chooses Volody CLM for Contract Management At a Glance A leading poultry company overcame... --- # # Detailed Content ## Pages - Published: 2025-06-13 - Modified: 2025-06-13 - URL: https://www.volody.com/login-customizer/ This page is used for Login Customizer plugin. It will not be visible to your readers. Do not delete it. --- - Published: 2025-05-30 - Modified: 2025-05-30 - URL: https://www.volody.com/free-document-management-software-clm-software-trial/ Free Document Management Software Trial Join organizations worldwide digitizing their documents using Volody! End to end Document Management Software Easy setup, no coding required 14-day trial of Smart DMS Platform Full Name* Email ID* I accept the Cookie and Privacy Policy and Terms & Conditions Start your Free Trial Customer Success Stories Streamlining Telecom Contract Processes: A Volody Case Study Read more E-Commerce Contracting: A Transformation Case Study Read more Digitizing Contracts: A Food & Beverage Sector Success Story Read more Streamlining Automotive Contracts: A Digital Success Read more Largest Pharmacy Chain Switches To Volody CLM Read more --- - Published: 2025-05-09 - Modified: 2025-05-29 - URL: https://www.volody.com/page-not-found/ 404... The Page Is Not Found Unfortunately, the page you are looking for does not exist yet. Back To Home --- > Get in touch with one of our contract management experts by filling out the form. Explore how Volody CLM streamlines your contracting needs. - Published: 2025-03-10 - Modified: 2025-05-27 - URL: https://www.volody.com/contact-us/ Contact us Instantly book a personalized demo Don’t let the blockage be in your contract process Get in touch with one of our contracting specialists for a live demo Understand your current contracting bottlenecks and get tailor-made solutions Explore how Volody's AI CLM can supercharge your contracting Looking to transform your contracting? Fill in your details below and receive a personalized interactive demo from one of our contracting experts Full Name* Email ID* Contact Number Company Name I accept the Cookie and Privacy Policy and Terms & Conditions Book A Demo Customer Success Stories Food and Beverage Digitizing Contracts: A Food & Beverage Sector Success Story + Automobile, Manufacturing Streamlining Automotive Contracts: A Digital Success + Pharmaceutical Largest Pharmacy Chain Switches To Volody CLM + E-Commerce E-Commerce Contracting: A Transformation Case Study + Telecommunication Streamlining Telecom Contract Processes: A Volody Case Study + --- - Published: 2025-03-05 - Modified: 2025-03-05 - URL: https://www.volody.com/free-esign-software-your-esign-software-trial/ Start your 14-day Free Trial Today! Easy to Use eSignature Software Join organizations worldwide with e-signing their documents using Volody! End to end Digital Execution Easy setup, no coding required 14-day trial of eSign Platform Full Name* Email ID* Contact Number Company Name I accept the Cookie and Privacy Policy and Terms & Conditions Book A Demo Customer Success Stories All E-Commerce Pharmaceutical Telecommunication Pharmaceutical Largest Pharmacy Chain Switches To Volody CLM + E-Commerce E-Commerce Contracting: A Transformation Case Study + Telecommunication Streamlining Telecom Contract Processes: A Volody Case Study + --- - Published: 2025-03-05 - Modified: 2025-03-05 - URL: https://www.volody.com/solutions/industry/ Industry Page --- - Published: 2025-03-05 - Modified: 2025-03-05 - URL: https://www.volody.com/explore/ Explore Page --- - Published: 2025-03-05 - Modified: 2025-03-05 - URL: https://www.volody.com/other-pages/ Other Page --- - Published: 2025-03-04 - Modified: 2025-03-05 - URL: https://www.volody.com/explore/about/ About Us --- - Published: 2025-03-04 - Modified: 2025-03-04 - URL: https://www.volody.com/success-stories/ Success stories --- - Published: 2025-03-04 - Modified: 2025-03-04 - URL: https://www.volody.com/solutions/department/ Department Page --- - Published: 2025-03-04 - Modified: 2025-03-04 - URL: https://www.volody.com/solutions/ Solutions Page --- > Explore Volody's AI-driven Contract Management Software's Terms and Conditions for comprehensive information. - Published: 2025-03-01 - Modified: 2025-03-11 - URL: https://www.volody.com/term-and-condition/ Terms and Conditions Last updated: ____2022Please read these Terms & Conditions (“Terms”, “Terms and Conditions”) carefully before using the https://www. volody. com website of Services (“the services”) Provided by Volody (“us”, “we” or “our”) as the context may require:This website is owned and operated by Volody Products Pvt Ltd. By visiting our website and accessing the information, resources, services, products, and tools we provide, you understand and agree to accept and adhere to the following terms and conditionsIf you have any queries about Volody, please do not hesitate to contact us. In this Terms & Conditions of Services, we have referred to the services provided by Volody as the “service”, to you as the “user” and to these Terms & Conditions of Services as the “agreement”. Your access to and use of the services is conditioned on your acceptance of and compliance with these terms (“terms”). These terms apply to all the visitors, users and others who access or use these servicesBy accessing or using these services you are bound by agreeing to these Terms. If you disagree with any part of the terms, then you may not access our services. If you wish to use our website or software products feature, you affirm that you are above 18 years of age and are fully and completely able and competent to enter into the terms, conditions, obligations, affirmations, representations, and warranties consequent to the creation of the documents, and are aware of the same. Kindly call us for further assistance.... --- > Privacy Policy and Compliance with General Data Protection Regulation (GDPR) | Volody's AI Contract management Software - Published: 2025-03-01 - Modified: 2025-03-11 - URL: https://www.volody.com/gdpr/ Privacy Policy and Compliance with General Data Protection Regulation (GDPR) Volody (“us,” “we” or “our”) created this Website Privacy Policy (“Privacy Policy”) to ensure the trust and confidence of our visitors, prospective clients and clients (“you” or “your”) with our Web site (the “Site”), and to demonstrate our commitment to fair information practices and to protect your privacy. The use of information collected through our Website shall be limited to the purpose of providing the service for which our clients have engaged us. By using our website, you consent to the data practices described in this policy. Types of Information We Collect. a) Anonymous Traffic Data. We track and collect the following information when you visit our website, including your:IP addressdomain servertype of computertype of web browser (collectively “Traffic Data”)Anonymous Traffic Data is anonymous information that does not personally identify you but is helpful to improve your experience on our website and to track website usage. We may also use “cookies” to customize content as per your specific need and interests, just to ensure that you do not see the same promotional content repeatedly and to store your password (if one is required to be issued) so you do not have to re-enter it each time you visit the Site. b) Personal Information. To allow us to provide you to access certain specific services and/or to purchase products offered at the website, we may require you to provide us with information that personally identifies you (“Personal Information”). Personal Information may... --- > Explore Volody's AI-driven Contract Management Software's Cookie and Privacy Policy for comprehensive information. - Published: 2025-03-01 - Modified: 2025-05-19 - URL: https://www.volody.com/cookie-and-privacy-policy/ Cookie & Privacy Policy Volody Products (“Volody” or “We” or “Us” or “Our”), we are committed to protecting your privacy and we value the trust you place in us. This Privacy Policy applies to the information and data collected by Volody when you interact with us through our website (or through other channels, such as communicating with us or giving us your information at an event) and when you use our product and services. This Privacy Policy describes how we collect, receive, use, store, transfer, and process your Personal Data. That’s why we insist upon the highest standards for secure transactions and customer information privacy. Please read the following statement to learn about our information gathering and dissemination practices. We update this Privacy Policy from time to time and we encourage you to review this Privacy Policy periodically. If there are any changes in the Privacy Policy we will post them on this page (https://www. volody. com/cookie-and-privacy-policy/)'. By using or visiting the Volody or any services provided to you on, from, or through Volody (collectively the “Service”) you signify your agreement to the terms and conditions of Service (the “Terms of Service”) found at https://www. volody. com and incorporated herein by reference. this Privacy Policy Volody Terms of Use of the Website, found at https://www. volody. com also incorporated herein by reference. If you do not agree to any of these terms, By visiting this Website you agree to be bound by the terms and conditions of this Privacy Policy.... --- > Explore Volody's AI-driven Contract Management Software's Cookie and Privacy Policy for comprehensive information. - Published: 2025-03-01 - Modified: 2025-05-19 - URL: https://www.volody.com/dpdpa/ Privacy Policy - DPDPA Introduction Welcome to Volody Products Pvt Ltd (“Volody” or “We” or “Us” or “Our”). We are committed to protecting your personal data and your privacy. This Privacy Policy explains how we collect, use, disclose, and protect your personal data in accordance with the Digital Personal Data Protection Act (DPDPA), 2023. Scope This Privacy Policy applies to all personal data processed by Volody, including data collected through our websites, mobile applications, products, services, and other interactions with you. Data We Collect We collect the following types of personal data: Contact Information: Name, email address, phone number, official address. Financial Information: Payment card details, bank account information. Usage Data: Information about how you use our products and services. Device Information: IP address, browser type, operating system. Communication Data: Any communications with us, including emails and phone calls How We Collect Data We collect personal data in the following ways: Directly from you when you provide it to us (e. g. , when you create an account, purchase a product, or contact us). Automatically when you use our services (e. g. , through cookies and similar technologies). From third parties (e. g. , payment processors, marketing partners). Purpose of Data Collection We use your personal data for the following purposes: To provide and maintain our products and services. To process transactions and send related information, including purchase confirmations and invoices. To communicate with you, including responding to your comments, questions, and requests. To send you marketing communications, subject to... --- - Published: 2025-02-28 - Modified: 2025-05-19 - URL: https://www.volody.com/compare/linksquares-alternative-why-volody-is-the-top-choice-2025/ LinkSquares Alternative: Volody’s Advanced Edge 2025 Automation Meets Manual Efforts: LinkSquares Style LinkSquares is a modern CLM solution with strong AI-driven analytics, but it falls short in customization, usability, and certain key features. With LinkSquares, you: Will need to manually manage agreement naming, as it lacks automatic naming conventions, often leading to user errors. Struggle with limited customization options, such as the inability to add custom columns in reports or edit the activity feed in "Finalize. " Face challenges with AI, which misidentifies parties, struggles with tracking renewals/ effective dates & fails to capitalize properly. Vs Overall Rating 9. 5 Meets Requirements 9. 0 9. 8 Ease of Use 9. 1 9. 4 Ease of Setup 8. 8 9. 9 Ease of Admin 9. 1 9. 7 Quality of Support 9. 8 10. 0 Has the product been a good partner in doing business? 9. 7 What do people say about linksquares ? " I would like to be able to create an address book for users not in the system. Would also like the ability to create templates. I would also like to be able to adit the Activity feed in Finalize. I would like to see more functionality in Analyze, i. e. adding custom columns. " - G2 Verified Reviewer " The ability to use LinkSquares as a central point of communication on a contract is a bit limited. I wish the interface for providing comments was a little more customizable/prominent and it was easier to incorporate outside... --- - Published: 2025-02-28 - Modified: 2025-05-19 - URL: https://www.volody.com/compare/provakil-alternative-achieve-more-with-volody-ai-clm/ Provakil Alternative: Achieve More with Volody’s CLM Provakil : A Wild Ride Through Legal Tech Limitations Get ready for a wild ride with Provakil, where litigation tracking and contract management come with the bonus of delays, bugs, and the thrill of missing notifications With Provakil, you: The reliance on external systems such as e-courts can lead to delayed updates, impacting real-time information. Users report encountering occasional technical issues that disrupt the platform’s smooth functioning. There are concerns regarding the responsiveness of customer support, with some users facing long resolution times for issues. Vs Overall Rating 9. 5 Meets Requirements 9. 0 9. 8 Ease of Use 8. 4 9. 4 Ease of Setup 7. 0 9. 9 Ease of Admin 7. 9 9. 7 Quality of Support 8. 8 10. 0 Has the product been a good partner in doing business? 9. 1 What do people say about Provakil? " The initial onboarding, as first signup takes time. Sometimes the tabs lag maybe due to multiple server issues" - G2 Verified Reviewer "I have faced issues with delayed updates and frequent glitches within the application. " - G2 Verified Reviewer "Sometimes there are lot more information fields to be updated for uploading a contract. " - G2 Verified Reviewer "We've faced occassional issues with delayed updates being reflected in the dashboard. . " - G2 Verified Reviewer "We had once faced issues where notifications about signing a contract were not being received" - G2 Verified Reviewer "Not much to add... --- - Published: 2025-02-28 - Modified: 2025-05-27 - URL: https://www.volody.com/compare/malbek-alternative-volody-simplifies-contracting/ Malbek Alternative: Volody Simplifies Contracting Malbek: Complexities That Hinder Usability Malbek is a robust CLM solution with advanced features tailored for enterprises, but it comes with certain drawbacks that may hinder usability for growing businesses. With Malbek, you: May encounter limited customization options, making it difficult to adapt to unique workflows. Might face challenges with reporting capabilities, which are inflexible and fail to meet diverse business needs. Will likely need to allocate significant time for onboarding due to its steep learning curve and complex training materials. Vs Overall Rating 9. 5 Meets Requirements 8. 4 9. 8 Ease of Use 8. 3 9. 4 Ease of Setup 7. 8 9. 9 Ease of Admin 8. 1 9. 7 Quality of Support 9. 4 10. 0 Has the product been a good partner in doing business? 9. 5 What do people say about Malbek? " One area for improvement is the ability to control users' security settings on an as-needed Adding more granular security control would be a valuable enhancement for protecting sensitive contracts/documents. " - G2 Verified Reviewer " Limited Customization does not provide enough flexibility to suit certain requirements. Limited report creation, lack of customization to create reports, and the choices are inflexible and do not satisfy unique demands" - G2 Verified Reviewer " The least helpful so far is training. I am tech-savvy and it is difficult to follow the new admin. training, too fast and deep. It should be broken up into segments that take a half... --- - Published: 2025-02-28 - Modified: 2025-05-19 - URL: https://www.volody.com/compare/stuck-with-docusign-clm-volody-guides-your-way/ Stuck with DocuSign CLM? Volody Guides Your Way! Tired of DocuSign CLM’s Shortcomings? Discover a Real Solution DocuSign CLM software falls short with restrictive customization, insufficient action logging, and constant reliance on third-party integrations, leading to an inefficient contract management experience. Inadequate action tracking Restricted customization options Heavy dependence on third-party tools Vs Overall Rating 9. 7 Meets Requirements 8. 5 10. 0 Product Direction 8. 8 9. 8 Ease of Admin 7. 9 10. 0 Ease of Use 8. 4 9. 9 Quality of Support 8. 5 10. 0 Has the product been a good partner in doing business? 8. 4 What do people say about DocuSign CLM? "It is not simple to use. You need to have training & how you can navigate through the application. This makes Docusign CLM Essentials essentially useless. " - G2 Verified Reviewer "Hard to setup, it should be smotth for a layman which i feel is not the case. The tutorials aren't easy to understand. The new layout isn't as friendly at first. " - G2 Verified Reviewer "I don't like that if only one email is used for multiple peoples' signatures, there is either no option to change the name or it's difficult to find how to change it. " - G2 Verified Reviewer "Sometimes E-Signatures are not accepted by other companies so it can make it a bit irrelavent, also names can get hidden if they are too long. System can also take a while to load documents. " -... --- > Discover how Contract Management Software enhances contracting. Learn about how Volody's AI CLM Software streamlines legal operations. - Published: 2025-02-28 - Modified: 2025-05-28 - URL: https://www.volody.com/what-is-clm-software/ What is Contract Management Software? Learn more about a contract management software and how it can streamline your contracting operations Every building, from a small house to a huge skyscraper, starts with a blueprint. It’s a plan that shows exactly what will be built, making the whole process clear and easier to follow. In business, contracts work the same way. They’re like blueprints for agreements, showing who does what. However, managing contracts manually can be slow and full of mistakes. This is where contract management software comes in. Contract management software makes handling contracts much simpler by automating tasks like creating, storing, and renewing contracts. It keeps all the contract details in one place, making them easy to find and share. This helps businesses work together better, moving contracts through drafting, review, and approval smoothly. The software also helps companies stay on top of contract rules and requirements, reducing the risk of mistakes. It automates steps in the process, so things happen faster and more accurately. Plus, it can connect with other systems, making sure data stays up-to-date. For any business, big or small, contract management software makes the whole process easier and more efficient, turning what used to be a hassle into a simple and useful tool. In this article, we will talk about the benefits, main features, and how it can be used in different industries. Plus, we will help you find the best software for your organization's specific needs. Related Article: Best Contract Management Software In 2024What... --- - Published: 2025-02-28 - Modified: 2025-05-19 - URL: https://www.volody.com/compare/juro-holding-you-back-volody-pushes-you-forward/ Juro Holding You Back? Volody Pushes You Forward Want to pay more for fewer features? Juro is your choice. Juro, a modern CLM platform, has limitations like restricted customization, limited action logging, and reliance on third-party integrations, leading to inefficiencies in contract management. Face restricted customization options Lack comprehensive action logging Depend on third-party integrations Vs Overall Rating 9. 7 Meets Requirements 8. 7 10. 0 Product Direction 9. 3 9. 8 Ease of Admin 8. 9 10. 0 Ease of Use 8. 8 9. 9 Quality of Support 9. 7 10. 0 Has the product been a good partner in doing business? 9. 5 What do people say about Juro? "Sometimes a feature seems to be not working all of a sudden or some setting seems to be changed. These unexpected changes lead to many issues. " - G2 Verified Reviewer "One of the flaws I have with Juro is that it feels when we request certain upgrades, they don't seem to make it on the enhancement list. " - G2 Verified Reviewer "As a US company, sometimes Juro's support is not available due to the time difference. It is really poorly designed, very hard to navigate, and not intuitive. " - G2 Verified Reviewer "Juro's access controls lack granularity, such as restricting negotiation features for certain users. The reminder system also needs more flexibility in notification timing. These limitations are frustrating. " - G2 Verified Reviewer "The absence of additional customizations for contract table views & data in... --- - Published: 2025-02-28 - Modified: 2025-05-19 - URL: https://www.volody.com/compare/spotdraft-vs-volody/ Why Spotdraft Falls Short – and How Volody CLM Excels Willing to compromise on performance and simplicity? Choose SpotDraft. SpotDraft is known for its limitations in key areas that can slow down your contract management process. While it offers basic functionality, it struggles to deliver the efficiency and customization that modern platforms like Volody provide. With SpotDraft you: Deal with slow performance and lags in key features like DraftMate. Face delays due to a cumbersome approval process. Miss essential features like bulk signing & contract expiry reminders. Vs Overall Rating 9. 7 Meets Requirements 8. 9 10. 0 Ease of Use 8. 9 9. 6 Ease of Setup 8. 4 9. 8 Ease of Admin 8. 6 9. 9 Quality of Support 9. 4 10. 0 Has the product been a good partner in doing business? 9. 0 What do people say about Spotdraft? "The redline feature needs a little bit more refinement. The formatting function would be better as well and the approval mechanism is bad, can improve on it. Also, sometimes DraftMate Plugin operates slow. " - G2 Verified Reviewer "I have observed a couple of breaks here and there and nothing which I think cannot be fixed. The one big concern is the online MS Word editor. The Tool is sometimes slow to load on your browser which becomes frustrating when you have to get something done quickly. " - G2 Verified Reviewer "The product overall requires data and information to be input. Sometimes it can be... --- > Searching for an Agiloft alternative? Discover a smarter contract management solution that streamline workflows, and improves your efficiency. - Published: 2025-02-28 - Modified: 2025-05-08 - URL: https://www.volody.com/compare/agiloft-alternative-why-volody-is-better/ Agiloft Alternative: Why Volody is Smarter for 2025 Agiloft: A premium choice for complex solutions Agiloft is a legacy CLM solution known for its feature-rich platform but comes with a high price tag and a steep learning curve. With Agiloft, you: Will need to invest significant time and resources to implement and customize the tool. Will struggle with a user interface that feels outdated and requires technical expertise for effective use. Will face challenges in scaling due to its complex setup and customization options. Vs Overall Rating 9. 5 Meets Requirements 9. 0 9. 8 Ease of Use 8. 4 9. 4 Ease of Setup 7. 0 9. 9 Ease of Admin 7. 9 9. 7 Quality of Support 8. 8 10. 0 Has the product been a good partner in doing business? 9. 1 What do people say about Agiloft ? "The tool it’s kinda complicated at first. There’s a ton of options and figuring out how to set it up exactly how you want can be a bit of a headache, especially if you're new to it. Plus, the interface is not the prettiest. "- G2 Verified Reviewer" Some of our users say that it is not user friendly or intuitive. I am so close with it, it's hard to be a good judge of this. users who log in less frequently, so it is harder for them to get the hang of it when they do"- G2 Verified Reviewer"Additional plugins are not as customizable as we would... --- - Published: 2025-02-28 - Modified: 2025-05-19 - URL: https://www.volody.com/compare/ironclad-issues-volody-delivers-what-ironclad-cant/ Ironclad Alternative? Volody Delivers What Ironclad Can't Willing to pay more and wait longer? Choose Ironclad. Ironclad is one of the expensive, legacy CLMs that provides end-to-end contract management but can be difficult to customize compared to a modern CLM platform like Volody. With Ironclad you: Have to wait longer and pay extra for implementation of the tool. Do not get a Native E-Sign and audit trail integrated in the platform Will face issues in managing workflows due to its complexity Vs Overall Rating 9. 7 Meets Requirements 8. 8 10. 0 Ease of Use 9. 0 9. 6 Ease of Setup 8. 2 9. 8 Ease of Admin 8. 6 9. 9 Quality of Support 9. 0 10. 0 Has the product been a good partner in doing business? 9. 2 What do people say about Ironclad? "About 8 months out, a few of our users are experiencing error messages from time to time when submitting contract workflow requests, which does delay the contract process. " - G2 Verified Reviewer "Wish there was a bit more logging of actions in the Ironclad Repository. There is a bit of a penalty for being an early adopter as design decisions made in early implementation can become burdensome later" - G2 Verified Reviewer "The search engine requires optimisation, as the search results also result in other documents that were not searched for. The comment section in the workflow should also allow users to attach files. " - G2 Verified Reviewer "It is... --- - Published: 2025-02-28 - Modified: 2025-03-06 - URL: https://www.volody.com/product/ Products Page --- - Published: 2025-02-27 - Modified: 2025-06-13 - URL: https://www.volody.com/sitemap/ Sitemap Product AI CLM Software Litigation Management Software eSign Software SDD Software Department Legal Finance Procurement Sales Industry Technology Transportation Pharmaceutical Energy Retail Automotive Manufacturing Financial Healthcare Features Volody AI Workflow approval Stronger contracts Contract analysis Automate drafting Dashboard & reporting Obligation management Volody About Us Pricing Contact us Case Studies Compare Blogs Learn CLM Demo Choose right CLM Contract management --- > Enhance your Contract Management Software demo preparation with these effective tips from industry experts. A guide to ace your CLM demo! - Published: 2025-02-27 - Modified: 2025-05-28 - URL: https://www.volody.com/guide-to-your-clm-demo/ Guide to your CLM Demo Here’s a quick on how to schedule a contract lifecycle management (CLM) and what to look for while checking out a CLM application Great! You are looking for a new Contract Lifecycle Management software to streamline & automate your contracting operations. However, checking out numerous tools can be a daunting task, especially if you don't know what to look for when evaluating many options. Here’s our guide on your CLM demo. What is contract lifecycle management software? Contract lifecycle management (CLM) software is a type of software that automates and streamlines the management of contracts throughout their lifecycle, from creation to renewal or expiration. A CLM software typically provides tools for creating, negotiating, executing, and managing contracts, as well as tracking key milestones, deadlines, and obligations. What is a contract management software demo? During a contract management software demo, the CLM demo will understand your pain points and current contracting operations and give you relevant examples to show you how the CLM tool can streamline your current contracting operations. This guided demo walks you through all the features of the CLM software and explores how those features could help you automate, digitize & track all your legal contracts. Demos are also a great place to ask for any questions you might have about the application and usability of the Contract Management Software. Implementing a new tool can be a daunting task, so its advised to ask many questions about the features, implementation timeline, integration with... --- - Published: 2025-02-26 - Modified: 2025-05-19 - URL: https://www.volody.com/thank-you/ Thank You! We're excited to show you how our platform can help streamline your workflow. One of our team members will be in touch with you shortly to guide you through the next steps. Go to home page --- - Published: 2025-02-26 - Modified: 2025-05-29 - URL: https://www.volody.com/resource/ Knowledge Hub: Contract Management 101 All PostsAI in LegalAll about ContractsBest PracticesBusiness & StrategyCase StudiesContract & Clause DictionaryContract SigningContracting TipsGeneral CounselsIntellectual Property RightsLegal & ITLegal & ProcurementLegal NewsLitigation ManagementResourceSales & LegalMay 27, 2025All about Contracts, Best PracticesTop 10 Essential KPIs for Contract Management: A 2025 GuideLearn the must-know these top 10 KPIs for contract management success in 2025. Elevate your contract performance with these metrics. The Latest All PostsAI in LegalAll about ContractsBest PracticesBusiness & StrategyCase StudiesContract & Clause DictionaryContract SigningContracting TipsGeneral CounselsIntellectual Property RightsLegal & ITLegal & ProcurementLegal NewsLitigation ManagementResourceSales & LegalBest PracticesWhat is Good Faith in Contract Negotiations? Unlock SuccessDive into the concept of good faith in contract negotiations and how it can lead to positive results... . All about ContractsAll About Boilerplate Clause in Contracts: Master the BasicsThis blog will be speaking about what are boilerplate clauses, why to have them and benefits of having... Contract & Clause Dictionary5 Employment Contract Pitfalls You Can Easily AvoidThis blog will tell you about what employment contracts are, how to mitigate risk in these contracts and... Contracting news straight to your inbox Email* Subscribe You have been successfully Subscribed! Ops! Something went wrong, please try again. All PostsAI in LegalAll about ContractsBest PracticesBusiness & StrategyCase StudiesContract & Clause DictionaryContract SigningContracting TipsGeneral CounselsIntellectual Property RightsLegal & ITLegal & ProcurementLegal NewsLitigation ManagementResourceSales & LegalLegal NewsTakeaways from CLOC Legal: Powerful Insights from CGI2025Key Highlights Wide-ranging Attendance: Over 2,300 attendees, including legal ops professionals, thought leaders, GCs, and vendors, gathered at ARIA Resort... AI... --- - Published: 2025-02-25 - Modified: 2025-05-27 - URL: https://www.volody.com/clm-free-trial/ Free Contract Management Software Trial Join organizations worldwide digitizing their contracts using Volody! End to end Contract Lifecycle Management Easy setup, no coding required 14-day trial of Smart CLM Platform Full Name* Email ID* I accept the Cookie and Privacy Policy and Terms & Conditions Start your Free Trial Customer Success Stories Streamlining Telecom Contract Processes: A Volody Case Study Read more Digitizing Contracts: A Food & Beverage Sector Success Story Read more E-Commerce Contracting: A Transformation Case Study Read more Streamlining Automotive Contracts: A Digital Success Read more Largest Pharmacy Chain Switches To Volody CLM Read more --- > How to evaluate CLM Software? Check out this article to learn how to choose the right contract management software for your organization. - Published: 2025-02-24 - Modified: 2025-05-28 - URL: https://www.volody.com/how-to-choose-the-right-clm-software/ How to choose the right CLM software Here’s a quick on how to evaluate a contract lifecycle management (CLM) software and choose the right one. Are you tired of struggling to manage your contracts efficiently? Contract Lifecycle Management software, a cutting-edge solution that offers workflow automation, integration capabilities, and customizable options, can help you streamline the entire contracting process, from creation and approval to monitoring and compliance. In this blog, we will discuss everything you need to know about CLM software, including its key features and benefits for legal professionals and business stakeholders. We will also provide a detailed guide on how to evaluate different contract management software options and what makes one stand out from the rest. With our expert guidance, you'll be able to choose the right contract management tool for your business needs and take your contracting process to the next level. Understanding Contract Lifecycle Management SoftwareImagine having a reliable virtual assistant solely dedicated to managing your documents efficiently. That's precisely what CLM software brings to the table. In the world of legal affairs, where agreements rule the roost, contract management software emerges as your trusted companion. 1. Your Contract Command Center:CLM software serves as a hub where all your agreements find a digital home. Instead of shuffling papers or hunting through emails, you can easily locate any agreements with a few clicks. It's like having a super-organized filing cabinet, but way more convenient. 2. Smart Workflows at Your Service:You know those repetitive tasks that make you... --- > Explore Volody affordable contract management price plans tailored for you. Unlock value, flexibility, & excellence for your contracting needs today. - Published: 2025-02-21 - Modified: 2025-05-28 - URL: https://www.volody.com/pricing/ PRICING We’ve got perfect pricing plans for you Cut your contract cycle by 70% and do more in less time. Volody offers different pricing options based on your needs. Our AI-powered CLM software can be customized to suit your needs and your budget. Choose The Right Plan For Your Business Your perfect contract management software pricing plans! Volody offers different pricing options based on your needs. Basic Plan Contact Us Get In Touch Free Contract Management Software Maximum 3 Users Upto 3 GB of Document Storage 10 Credits of E-signature license Contract Redlining & Collaboration Configurable Approval Workflow Central Repository Contract Expiry/ Renewal Alerts Standard Contract Templates Audit Trail & Version History One Click Access Dashboard Clause Library Chat or E-mail Support Available Premium Plan Contact Us Get In Touch All Features of Basic Plan + Maximum 10 Users Upto 15 GB of Document Storage Unlimited Credits of E-signature Contract Redlining & Negotiation Obligation Management 3rd Party Contract Management Workflow Management Version Control Customizable MIS Report Export Document Compare Meta Data Extraction Role Based Access Enterprise Plan Contact Us Get In Touch All Features of Basic Plan + Unlimited Users Unlimited Document Storage Implementation Support AI Risk Analysis AI Based Obligation Extraction AI Risk Review Microsoft/ Google Docs Integration AD/ SSO Integration Business System integration On Premise installation Support: As per SLA's Working with over 200+ happy clients across globe Case studies to read Pharmaceutical Largest Pharmacy Chain Switches To Volody CLM + E-Commerce E-Commerce Contracting: A Transformation Case Study... --- > Transform legal operations by providing cutting edge technology solutions to digitize contracts, handle disputes, manage IPs & track spend. - Published: 2025-02-21 - Modified: 2025-05-27 - URL: https://www.volody.com/about-us/ ABOUT US Transforming legal work with best-in-class solutions Simplifying and streamlining legal ops work by automating manual processes with easy to use tools Trusted by legal ops teams around the globe Volody's legal management tools are trusted by some of the largest companies around the globe. Our first-principle approach to building tools and problem-solving empowers legal teams to automate manual tasks and focus on doing the things they love Our MISSION Transform Legal Ops with Cutting-edge Tools Our mission is to transform legal operations by providing cutting edge technology solutions to digitize contracts, handle disputes, manage IPs & track spend. By leveraging our proprietary AI engine we want to empower businesses to enhance decision making with data-driven Our vision Make legal work more enjoyable and give it the importance it deserves OUR TEAM Why Volody? We are a team of innovative leaders who believe in change and doing what we really love to do. Our team is passionate about improving the lives of lawyers around the globe and bringing our vision to reality OUR TEAM We are passionate about building meaningful products that enhance legal work Dinesh Sharma Founder & Director Follow on Linkedin Charles Kaprelian Business Development - USA Follow on Linkedin Hemal Dodhia VP - Technology Follow on Linkedin Kunal Mahajan VP - Sales & Marketing Follow on Linkedin Milind Kapile VP - Sales Follow on Linkedin Hemang Patel AVP - Customer Success Follow on Linkedin Vaibhav Pawaskar AVP - Implementation Follow on Linkedin Kusum Yadav AVP -... --- > Enhance contract analysis with Volody's AI-powered Contract Management Software. Extract clauses, key terms, and access data easily. - Published: 2025-02-21 - Modified: 2025-05-09 - URL: https://www.volody.com/product/feature/contract-analysis/ AI-powered Data-Driven Contract Analysis Uncover the hidden details present in your contract with advance contract analysis and data-driven insights. Turns all your contract into digital assets with Volody’s AI contract management software. Schedule demo Data-driven Insights Unlock the hidden intelligence of your agreements by digitizing your contracts using Volody’s AI contract management software's proprietary OCR engine. Make well-informed business decisions using comprehensive contract analytics and utilize past data to create contracts rich in data for future drafting. Hidden intelligence Data driven insights In depth analytics Template drafts to contract Deep level analysis Business Intelligence Streamline reporting by using AI-powered CLM dashboard for easy drill-down exploration. Track contracts using customizable charts & user-friendly visualizations for effective monitoring. Uncover hidden insights with real-time analysis or alerts to improve operational performance. Swiftly adapt to unforeseen changes, like new rulings, with relevant data to boost visibility. Ensure complete compliance Reduce Risk Reduce organization risks with complaint obligation management & deliverable tracking. Get regular automated reminders for important updates sent to all key stakeholders. Identify hidden clauses jeopardizing revenue, using advanced AI-driven Risky Clause detection. Export information in PDF or excel format to create custom MIS reports. Book a personalized AI CLM software demo Schedule a live, interactive demo with a Volody’s contracting specialist. Understand your current contracting bottlenecks & get tailor-made solutions. Explore how Volody's AI CLM can supercharge your contracting process. Looking to transform your contracting? Fill in your details below and receive a personalized interactive demo from one of our contracting experts... --- > Centralize contracts using Volody's secure cloud-based contract management software. Enhance visibility & centralize legacy contracts. - Published: 2025-02-21 - Modified: 2025-05-09 - URL: https://www.volody.com/product/feature/contract-repository/ AI-powered Contract Repository Create a secure central contract repository with all your contracts with Volody’s contract management software. A contract repository data-driven transforms the way you manage your contracts. Schedule demo Improve Contract Visibility Currently most organizations struggle with limited contract access as agreements are scattered across physical folders or digital locations like share-point, email, hard-drivers, etc. Efficiently scan, index, and securely store contract data in centralized repository. Enhance organization-wide contract visibility with Volody’s AI contract management software. Effectively control access with user-friendly role-based permission settings. Smart search functionality Document visibility Secure central repository Import physical contracts CENTRALIZED STORAGE Smart Central Repository Centralize contract storage, enhancing organization wide contract visibility. Set regular reminders for stakeholders regarding upcoming renewals, obligations & contract expiries. Our CLM software advances alongside your business, no IT or costly development needed. Reduce non-compliance risk and accelerate cycle times to improve operational performance. effortless searching Smart Search Functionality Find past contracts with our OCR by specifying contract type, counter-party, obligations, & clauses. Maintain version history and track renewals, addendums, and sub-contracts with precision. Maintain audit trail for all contracts to ensure complete compliance with company policy. Book a personalized AI CLM software demo Schedule a live, interactive demo with a Volody’s contracting specialist. Understand your current contracting bottlenecks & get tailor-made solutions. Explore how Volody's AI CLM can supercharge your contracting process. Looking to transform your contracting? Fill in your details below and receive a personalized interactive demo from one of our contracting experts Full Name* Email... --- > Track all contract milestones and renewals seamlessly with Volody's AI contract management software. Ensure compliance & manage obligations. - Published: 2025-02-21 - Modified: 2025-05-09 - URL: https://www.volody.com/product/feature/obligation-management/ AI-powered Obligation management Transform your obligations with visual rich dashboards to monitor all milestones or deliverables with Volody’s AI contract management software. Improve business performance & maximize value. Schedule demo Simplify obligation tracking Ensure complete compliance with Volody’s AI-powered obligation management. Track performance against vendor deliverables, contracted terms, milestones & more with configurable dashboards for convenient reporting. Measure the financial impact for non-compliance, generate reports for overdue obligations, track real-time obligation status and gain insights into bottlenecks with Volody’s AI contract management software. Smart search functionality Configurable dashboards Get insights Set automate reminders Configurable Reminders Set-up Automated Reminders Configure rule-based reminders for stakeholders to never miss important milestones. Send recurring alerts to stakeholders and escalate for overdue or rejected obligations. Gain obligation-level insight and eliminate bottlenecks with Volody's AI CLM software. Reduce non-compliance risk and accelerate cycle times to improve operational performance. Learn More Integrate with your favorite tools Proactive Obligation Management Create a central source for all your obligations with Volody’s AI CLM software. Trigger reminders or alerts for real-time obligation status updates to all stakeholders. Track performance against contractually obligated deliverables to improve vendor performance. Integrate with your current P2P, CRM, ERP and more to facilitate back and forth movement of data. Learn More Book a personalized AI CLM software demo Schedule a live, interactive demo with a Volody’s contracting specialist. Understand your current contracting bottlenecks & get tailor-made solutions. Explore how Volody's AI CLM can supercharge your contracting process. Looking to transform your contracting? Fill in your... --- - Published: 2025-02-21 - Modified: 2025-05-19 - URL: https://www.volody.com/compare/ How Volody Stacks Up Against Other CLM Providers Leading organizations rely on Volody for seamless contract management. Here’s why businesses trust Volody over other CLM providers. Request a Demo Meet Volody – the flexible, AI-powered alternative Flexible Customization Volody provides complete customization—from configurable templates to AI-driven workflows & advanced search—unlike other CLMs, which offers limited options. AI Accuracy & Automation AI streamlines contract review with smart clause suggestions, risk analysis, and deviation summaries, ensuring compliance with your company’s legal framework. Easy to Use tool Volody’s intuitive interface and AI-powered automation simplify contract lifecycle management, enabling users to efficiently navigate workflows with minimal training. Volody Vs Other CLM Providers Volody vs Ironclad Learn More Volody vs Agiloft Learn More Volody vs Spotdraft Learn More Volody vs Juro Learn More Volody vs DocuSign Learn More Volody vs Malbeck Learn More Volody vs Provakil Learn More Volody vs LinkSquares Learn More Free Contract Management Software Trial Join organizations worldwide digitizing their contracts using Volody! End to end Contract Lifecycle Management Easy setup, no coding required 14-day trial of Smart CLM Platform Full Name* Email ID* Contact Number Company Name I accept the Cookie and Privacy Policy and Terms & Conditions Book Demo Contracting Made Easy for BGCSF https://www. volody. com/img/media/video-testimonial/BGCSF-Testimonial. mp4"Volody has made contract management so much easier for us. It keeps everything organized, ensures we’re always working with the right version, and makes signing and tracking contracts seamless. It’s been a game-changer for our team. "- Merry Kelly Persyn - VP of... --- > Discover how Volody's AI CLM Software has transformed businesses with real customer testimonials and success stories. - Published: 2025-02-21 - Modified: 2025-03-06 - URL: https://www.volody.com/success-stories/customer-testimonials/ Customer Testimonials Volody CLM in Action: Watch What Users Have to Say! Streamlining Contract Management for BGCSF https://www. volody. com/img/media/video-testimonial/BGCSF-Testimonial. mp4 Boys and Girls Club of San Francisco highlights to be one the best CLM's out there. Mary Kelly Persyn praises Volody CLM for making contracts easier, faster, and more organized. She recommends it as a cost-effective solution for nonprofits. Zuno General Insurance Switches to Volody CLM https://www. volody. com/img/media/video-testimonial/zuno-testimonial. mp4 Zuno General Insurance adopted Volody for a seamless, all-in-one contract management solution. Anamika Jha highlights the strong support team and quick responses, ensuring smooth and efficient in-house contract handling. Complexity to Clarity: Hetero's 1800+ Contracts https://www. volody. com/img/media/video-testimonial/Hetero-Drug-Testimonials. mp4 Hetero Drugs adopted Volody CLM for streamlined contract management. Savita Adla highlights its swift implementation, extensive training, and strong support, making contract tracking easier and improving efficiency. TAT Slashed by 57%! A PPG Asian Paints Case Study https://www. volody. com/img/media/video-testimonial/PPG-Asian-Paints-Testimonial-Compressed. mp4 PPG Action Paints streamlined contracts with Volody CLM. Abbas Motorwala highlights faster turnaround, simplified stamp procurement, and a centralized repository, improving efficiency. Relaxo Footwear’s Shift to Volody CLM https://www. volody. com/img/media/video-testimonial/relaxo-testimonial. mp4 Relaxo Footwear chose Volody CLM for efficient contract management. Ranjan Sharma highlights its seamless implementation, user-friendly features, and strong support. 80-90% Efficiency: Maverick's Breakthrough! https://www. volody. com/img/media/video-testimonial/maveric-technologies-testimonial. mp4 Maverick Systems chose Volody CLM for better contract tracking. Vignesh highlights its smooth integration, reporting features, and strong support, reducing his workload by 80-90%. What do our clients say about us? ” “Volody has made contract management so much... --- > Contract Management Software Case Study. Explore how global organizations are streamlining their contracting operations with Volody's AI CLM. - Published: 2025-02-21 - Modified: 2025-05-14 - URL: https://www.volody.com/resource/case-studies/ Customer Case Studies Volody has made contract management so much easier for us. It keeps everything organized, ensures we’re always working with the right version, and makes signing and tracking contracts seamless. It’s been a game-changer for our team Mary Kelly PersynVP of Legal Affairs @ BGCSF at Scorpion Case studies to read Telecom Leading multinational telecom operator uncovers value with volody Learn More E-commerce One of the largest e-commerce distributors of beauty, wellness and... Learn More Pharma Largest pharmacy chain switches to volody clm for digitization of contracts... Learn More Automobile Volody’s smart clm helps global automobile parts manufacturer do Learn More Food & Beverage Leading poultry farming company finds clm solutions with volody Learn More Healthcare Leading multispeciality hospital chain automates contracts using volody... Learn More Manufacturing How volody clm enabled contract management and digitization at a... Learn More Pharma Manufacturing Volody contract lifecycle management implementation for... Learn More Fantasy Sports Volody contract lifecycle management implementation for... Learn More Real Estate Volody contract lifecycle management implementation for one... Learn More --- > Enhance analysis using smart drill-down dashboards for informed choices. Customize MIS reports and track with Volody's AI Contract Software. - Published: 2025-02-20 - Modified: 2025-05-09 - URL: https://www.volody.com/product/feature/dashboard-and-reporting/ AI-powered Dashboard & Reporting Keep track of all your contracts and create custom MIS reports using Volody AI contract management software’s user-friendly dashboard. Create customized views for the data you want to track and have an overview of all your contracts. Schedule demo Custom Dashboards Configure custom CLM dashboards for efficient status tracking and get all the data at your fingertips with Volody’s contract management software. Clear contracting bottlenecks with transparent view into all your agreements with user-friendly dashboards. Ensure timely & compliant obligation management, with complete visibility into pending or upcoming contractual obligations. View all obligations that are due in a given week, month or year with customizable reporting. Track contracts Custom dashboards Obligation management Customized reporting Deep level analysis Business Intelligence Streamline reporting by using AI-powered CLM dashboard for easy drill-down exploration. Track contracts using customizable charts & user-friendly visualizations for effective monitoring. Uncover hidden insights with real-time analysis or alerts to improve operational performance. Swiftly adapt to unforeseen changes, like new rulings, with relevant data to boost visibility. Ensure complete compliance Reduce Risk Reduce organization risks with complaint obligation management & deliverable tracking. Get regular automated reminders for important updates sent to all key stakeholders. Identify hidden clauses jeopardizing revenue, using advanced AI-driven Risky Clause detection. Export information in PDF or excel format to create custom MIS reports. Book a personalized AI CLM software demo Schedule a live, interactive demo with a Volody’s contracting specialist. Understand your current contracting bottlenecks & get tailor-made solutions. Explore how Volody's... --- > Create secure contracts with risk insights via Volody's AI CLM Software. Safeguard your organization using legally-approved clauses. - Published: 2025-02-20 - Modified: 2025-05-09 - URL: https://www.volody.com/product/feature/stronger-contracts/ AI-powered Stronger Contracts Draft water-tight contracts using Volody’s AI contract management software to protect your organization from any unnecessary risk while maintaining version history & audit trail for all contracts. Schedule demo Water - tight Agreements Transform contract negotiations with Volody’s AI contract management software by leveraging best in class AI & ML features to ensure complete compliance & mitigate risk. Be it third-party contracts or your standard templates, Volody’s AI contract management software helps you redline & collaborate on all agreements with ease. Version history Audit trail Collaborate AI & ML features Seamless Collaboration Collaboration Enable seamless collaboration using your favorite editors like MS Word, Google Docs. Make real-time edits and comments to keep all your team member updated. Reduce contract management cycle with custom approval workflows and accelerate the process. Keep track of contract version history and maintain a secure audit trail. Leverage AI & ML AI Powered MS Word Plug-ins Leverage Volody’s proprietary AI engine to reduce risk, improve compliance & standardize contracts. Simplify the contract review process by editing your contracts on the platform you are comfortable with. Receive clause suggestion on favorable terms based on all your previously executed agreements. Use your legal-approved clause library to standardize all your contracts. Book a personalized AI CLM software demo Schedule a live, interactive demo with a Volody’s contracting specialist. Understand your current contracting bottlenecks & get tailor-made solutions. Explore how Volody's AI CLM can supercharge your contracting process. Looking to transform your contracting? Fill in your details... --- > Use Pacta AI to transform contract management, fasten reviews with AI features like risk analysis, clause suggestions, AI-powered chatbot, etc. - Published: 2025-02-20 - Modified: 2025-05-26 - URL: https://www.volody.com/product/feature/automate-drafting/ AI-powered Automate Contract Drafting Use Volody AI contract management software's self-service forms to draft new compliant contract in seconds with legal approved clauses, expediting the contracting cycle & improving operational efficiency. Schedule demo Legal Approved Templates Configure all your standard contract templates like NDA, MSA, SLAs & more in Volody's AI contract management software and empower sales & business teams to draft new contracts with ease without legal review. Reduce contract drafting time from hours to minutes, expediting the entire contracting cycle. Utilize company favorable terms & clauses to ensure complete compliance and leverage best in class AI & ML technology to stay on top of risks and obligations. Seamless integrations Reduce contracting cycle Configure templates AI & ML features Customize Templates Configurable Templates Easily add your templates with our user-friendly contract template builder. Standardize contract language with your pre-approved clause library imbedded in the system. Empower sales & business teams to generate contracts on the go in a few steps. Seamlessly share the contract with all relevant stakeholders with pre-set approval workflows. Integrate with your favorite tools Seamless Integrations Fast-track contract creation & execution with seamless API integrations with all your favorite tools. Volody AI CLM software integrates with all tools like ERPs, CRMs & any other surround system. Allow business teams to draft contracts using Salesforce, HubSpot & other CRM tools. Share data effortlessly with all your tools with rest API integrations ensuring smooth collaboration. Book a personalized AI CLM software demo Schedule a live, interactive demo with... --- > Streamline contract approval with Volody's AI CLM. Accelerate cycles using drag & drop approval. Inform stakeholders & ensure compliance. - Published: 2025-02-20 - Modified: 2025-05-09 - URL: https://www.volody.com/product/feature/approval-workflow/ AI-powered Contract Approval Workflow Designer Configure drag & drop contract approval workflows with Volody AI contract management software’s user-friendly software. Accelerate contract approvals by triggering automated reminders & reduce your contract turnaround time. Schedule demo Accelerate Approvals Automate your current approval workflow and ensure all team members are constantly updated with Volody’s contract approval workflow designer. Eliminate mundane tasks like sending email reminders for contract approvals and set up easy drag & drop workflow to accelerate execution. Be it third-party contracts or your own standard templates, Volody AI contract management software’s easy to use workflow designer can help you streamline the entire approval process. Draft Neogitate Approve E-sign Accelerate approvals Customizable Workflow Easily modify your approval workflows while negotiating using drag & drop functionality. Set up conditional approvals based on certain clauses or total agreement cost. Add multiple stakeholders at each step of the approval workflow with sequence customization. Trigger automated reminders and keep all stakeholders and maintain audit trail. ENHANCE COLLABORATION Stress-free Collaboration Facilitate seamless collaboration between internal teams and external stakeholders. Accelerate contract review & approvals to stay ahead of your competitors. Fast-track redlining and negotiations between relevant stakeholders. Improve operational efficiency and avoid delays with automated notifications and reminders. Book a personalized AI CLM software demo Schedule a live, interactive demo with a Volody’s contracting specialist. Understand your current contracting bottlenecks & get tailor-made solutions. Explore how Volody's AI CLM can supercharge your contracting process. Looking to transform your contracting? Fill in your details below and receive... --- > Use Pacta AI to transform contract management, fasten reviews with AI features like risk analysis, clause suggestions, AI-powered chatbot, etc. - Published: 2025-02-20 - Modified: 2025-05-09 - URL: https://www.volody.com/product/feature/volody-ai/ ADVANCED PACTA AI Volody's AI-powered Pacta AI is an MS-Word add-in that uses AI to automate your contract review process. Try it out Working with over 150+ happy clients across globe What Can Volody's Pacta AI Do? Risk Analysis Protect your organization from legal pitfalls by identifying risky clauses. AI scans documents to detect risky clauses and swiftly alerts you about potential breaches. AI reviews contracts, highlights unfavorable terms, and recommends better alternatives. Clause Suggestion Pacta AI analyzes past agreements and suggests legally approved clauses. Simplify contract reviews with pre-approved clauses and avoid subpar terms. AI recommends clauses that maintain the tone of past contracts for consistency. Contract Summary Summarize key terms and provisions with our summary engine, eliminating the need to read through agreements. No more deciphering legal jargon; our AI delivers easy-to-understand summaries. Empower stakeholders from every department to actively and quickly contribute to the contract review process. Contract Guideline The AI reviews contracts, flagging any deviations from predefined guidelines to ensure compliance. It suggests modifications based on approved clauses for non-compliant content, streamlining the correction process. Users can customize and update guideline, ensuring ongoing accuracy in contract reviews. Obligation Management Configure rule-based reminders for stakeholders to never skip out of any important milestones. Reduce non-compliance risk and accelerate cycle times to improve operational performance. Trigger reminders or alerts for real-time obligation status updates to all stakeholders. Contract Digitization Pacta AI analyzes past agreements and suggests legally approved clauses. Simplify contract reviews with pre-approved clauses and avoid subpar... --- - Published: 2025-02-20 - Modified: 2025-05-26 - URL: https://www.volody.com/insidertradingcompliance/ SDD for VOLODY INSIDER TRADING COMPLIANCE Stay compliant with SEBI’s latest PIT regulations with Volody’s Insider Trading Compliance Software Book Demo SDD Insider Trading Compliance Software SDD Software Volody Insider Trading Compliance Software is an intelligent software designed for the company secretaries and compliance officers to monitor, follow and track all the compliances related to insider trading. Be it trading on your own company’s shares or trading on restricted shares, our Insider Trading Software helps you manage all. Applicability of SEBI (Prohibition of Insider Trading) Regulation is fairly vast and it is applicable to listed companies, banks, investment banks, NBFCs,Auditors, Rating Agencies, Stock Exchanges, Clearing House, Registrars Agents, mutual funds, insurance companies, investment companies, Internal Auditors, Practicing Company Secretaries. Insider Trading Compliance As per the new amendment, SEBI has made additional compliances as below effective Apr 1, 2019: Structured Digital Database All listed companies and connected persons as defined under the regulation are required to maintain a structured digital database with adequate internal controls, containing the name of the person with whom UPSI is shared and the nature of UPSI. Sharing UPSI While sharing Unpublished Price Sensitive Information (UPSI), listed companies should serve a notice or sign a confidentiality agreement with whom UPSI is being shared, informing them to ensure compliance with PIT Amendment Regulations while in possession of this information. Sensitive and Confidentiality Maintaining a list of all employees and other persons with whom unpublished price sensitive information is shared and confidentiality agreements shall be signed or notice shall... --- > Discover our free electronic signature software. eSign documents quickly and securely with ease, ensuring a seamless and efficient e-signing process. - Published: 2025-02-19 - Modified: 2025-05-08 - URL: https://www.volody.com/product/esign-software/ User-Friendly Electronic Signature Software Volody’s eSign software helps businesses digitize & automate their signing operations. Create Free Account What is eSign? eSign, or electronic signature, is a digital method to sign documents quickly and securely. It replaces the need for handwritten signatures, allowing individuals and businesses to sign documents online, regardless of your location. With eSign, like the Volody eSign platform, users can sign documents in seconds, making processes faster and more efficient. It’s a legal and trusted solution worldwide, streamlining document management and reducing reliance on physical paper. Easy to Use Platform Document Repository Audit Trial Management Customizable Signing Workflow VOLODY’s PROPRIETARY E-SIGN Discover the Simplicity of eSigning Fast, easy, and secure: Discover the simplicity of E-Signature for all your documents. Robust Security Multi-Signing Workflow Management Enhanced Audit Trail Secured Platform Volody uses 2FA, PKI, and encryption to prevent fraud during signing. Ensures global compliance with GDPR, HIPAA, and FDA regulations. eIDAS-compliant for worldwide legal validity of electronic signatures. Real Time Collaboration Allow multiple signers & customizable signing orders for documents. Adjust signing sequences in real time through desktop or mobile. Customizable Workflows Customizable templates streamline eSign & approval workflows. Flexible signing orders across multiple document formats. Automate approvals with email notifications throughout the process. Complete Tracking Track every step of the signing process for audit purposes. From the time the sign request was raised to time it was signed Secured Platform Volody uses 2FA, PKI, and encryption to prevent fraud during signing. Ensures global compliance with GDPR, HIPAA,... --- > Volody's litigation management software optimizes the litigating processes, boosts productivity, and enhances decision-making with the power of AI. - Published: 2025-02-19 - Modified: 2025-04-08 - URL: https://www.volody.com/product/litigation-management-software/ AI-POWERED Litigation Management Software Manage, assign & track cases, tasks & notices. Access case related documents easily. Streamline your case management with Volody’s litigation management tool. Schedule demo VOLODY’s LMS PROPRIETARY FEATURES AI-powered Litigation Management Volody’s LMS makes litigating cases & notices an effortless process by streamlining each step of litigation with AI & ML features Cause List Case Creation Proactive Alerts Data Management Task Management Cause List The tool fetches case data from 100+ official websites. Easily retrieve case data using case no. , date, court, bench & party name. Stay updated with a daily cause list for new filings/ updates on existing cases. Access case type, year, court, bench, parties involved, advocates, filing details, and litigation number. Case Creation Enter case number, and the tool will automatically fetch and create the case in the system. With Volody's customizable form, you can create cases within minutes. Automatically transform any notice into cases without manual data entry. Proactive Alerts Set proactive alerts to notify for any new cases/ updates on the criteria set. Specify search criteria such as name, court, and date range while excluding specific words for more precise results. Stay ahead with proactive alerts keeping you updated in real-time. Get updates on SMS, WhatsApp, emails for daily cause list, next hearing date reminders, expiry reminders. Case Data Management Manage attachments, documents, tasks, and time sheets conveniently on a single platform. Enhance visibility and streamline litigation by adding relevant contacts to the notice/case on the tool. Receive case summaries... --- > Volody's contract management software optimizes contract processes, boosts productivity, and enhances decision-making with the power of AI. - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/product/contract-management-software/ AI-POWERED Contract Management Software Volody’s AI contract management software helps businesses digitize & automate their contracting operations. Schedule demo Create Free Account VOLODY’s PROPRIETARY AI FEATURES AI-Powered Contract Review & Automation Volody’s AI contract management software makes contracting effortless and streamlines each step of the lifecycle with AI & ML features Clause Suggestion Risk Analysis Obligations Clause Extraction Metadata Extraction Clause Suggestion AI analyzes past contracts & suggests intelligent clauses based on it. Simplify reviews with pre-approved clauses & avoid subpar terms. AI recommends clauses, maintaining past contract tone for consistency. With Volody’s AI CLM, avoid back and forth between numerous contracts. Risk Analysis AI analyzes documents, identifies risky clauses, and promptly alerts about breaches. AI reviews contracts, flags unfavorable terms, and suggests better alternatives. Safeguard your organization from legal issues by spotting risky clauses. Obligations The AI engine monitors contracts in real-time, detecting any obligations that demand attention or compliance. Eliminate manual obligation tracking with automated alerts ensuring timely action on critical obligations. Escalate obligations in the tool itself. The user can upload documentary evidence, maintaining transparency. Obligation dashboard displaying stakeholder information, contract name, due date, and status data. Clause Extraction Volody’s AI CLM Software extracts clauses using OCR and AI, increasing your overall contract visibility. Utilize AI within your editing tool, such as Microsoft Word or Google Docs, to examine clauses from previous contracts. Gain one-click access to all your clauses, eliminating the need for endless document searches. Metadata Extraction All required data can be automatically extracted even... --- > Volody's Contract Management Software is tailored to help healthcare companies automate admin work and eliminate contracting bottlenecks. - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/healthcare/ AI-powered CLM software for Healthcare Volody’s contract management software tailored to help healthcare companies streamline contract management, automate administrative work and eliminate contracting bottlenecks to ensure improved patient experience. Schedule demo Eliminate Bottlenecks Healthcare contracting PROBLEMS Healthcare companies struggle with disjointed approval workflows, agreements scattered across multiple locations, lack of standardization for payer agreements, inability to track vendor performance and more. Volody’s AI powered Contract Management Software allows healthcare providers to focus on delivering best-in-class services to their patients by eliminating manual administrative work, improving contract visibility, automating workflows, mitigating risks and streamlining post-execution management. Why use Volody's clm software for healthcare Take control of your contracts Improve contract visibility across all locations, accurately track performance and streamline all your contracts with Volody’s CLM software. Set-up configurable approvals workflows to ensure compliance, reducing the risk of any potential legal liability while ensuring complete patient satisfaction. Contract Management Software for Healthcare Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. ACCELERATE Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms iMPORVE PATIENT OUTCOMES Automate administrative tasks and streamline operations to focus on improving patient support Risk & Compliance Uncover contractual risks with deep insights in all agreements with AI enabled analysis and data-driven insights Enhance supplier relationship Improve supplier relationship with robust tracking of performance against terms and timely... --- > Volody's AI Contract Management Software aids Financial Services firms in streamlining contracts, tracking spend & removing bottlenecks. - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/financial/ AI-powered CLM software for Financial Services Volody’s AI contract management software tailored to help financial Services companies streamline contract management, track spend and eliminate contracting bottlenecks while reducing risk to ensure compliance. Schedule demo Manual contracting and disjointed workflows BFSI industry problems Facing increased regulations and a competitive landscape, BFSI companies are struggling to keep track of all their contracts with manual contract management and lack of standardization. Inefficient contracting and a lack of searchable central repository, prevents finserv companies to rapidly react to regulatory changes, leading to non-compliance risks and unnecessary penalties. BFSI industry solution Rapidly respond to regulatory changes Volody’s AI contract management software is specifically designed to help BFSI companies stay on top of all their agreements, eliminating contracting complexities with contract standardization, renewal reminders and alerts for risky clauses for non-compliance. Transform your static agreements into data-driven assets to give you the ability to rapidly respond to any regulatory shifts. Make data-driven business decisions and accelerate revenue realization with automated approval workflows. AI Contract Management Software for Financial Services Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. Improve efficiency Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your ERPs, CRMs & more to ensure smooth movement of data on all transactions or deliverables Risk & Compliance Uncover contractual risks... --- > Volody's contract management software for Telecoms: automate admin tasks, and boost supplier collaboration for customer satisfaction. - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/telecom/ AI-powered CLM software for Telecom Volody’s AI contract management software tailored to help manufacturers streamline contract management process, lower costs and enhance supplier collaboration to accelerate time to market and increase revenue. Schedule demo Lack of standardization and control Telecom industry problems Telecom giants are embracing digitization to maintain complete control over their contracts, increase revenue and optimize spending. With Volody’s AI contract management software, telecoms are making informed data-driven decisions to harness the value of their contracts and improve customer satisfaction. Technology plays a critical role in cutting costs, improving customer experience and automating processes. Volody’s AI CLM empowers businesses to accelerate approvals, automate drafting, improve supplier relationship and streamline contract management. Volody’s AI clm software for Telecom industry Manage spend and automate operations Volody’s AI contract management software is specifically designed to help telecom giants eliminate silos and enhance stakeholder collaboration while alerting for any risk present in third-party agreements. With seamless integration with all business systems, effortlessly track spend, deliverables and protect your organizations from any penalties or risks. Contract Management Software for Telecom Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. ACCELERATE Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your ERPs, CRMs & more to ensure smooth movement of data on all transactions or deliverables Risk &... --- > AI Contract Management Software tailored to help Manufacturers streamline contract management, lower costs and enhance supplier collaboration - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/manufacturing/ AI-powered CLM software for Manufacturing Volody’s AI contract management software tailored to help manufacturers streamline contract management process, lower costs and enhance supplier collaboration to accelerate time to market and increase revenue. Schedule demo Lack of visibility into vendor terms Manufacturing industry problems Manual contracting and a lack of visibility into supplier terms prevents manufacturing companies from realizing the true value of their agreements. These contracts establish the relationship between suppliers and are critical for optimal business performance to drive revenue growth. Disrupted supply chains and enforceable business events have prompted manufacturing companies to rapidly respond to new challenges and delve deeper into eliminating contracting bottlenecks. Volody AI CLM software for manufacturing industry Streamline contracting to reduce revenue leakage Volody’s AI contract management software is specifically designed to help manufacturing businesses eliminate revenue leakage by enhancing visibility into supplier terms and accurately track vendor performance against deliverables. Improve operational efficiency and overall productivity with real-time visibility into buy-side or sell-side contract status with timely obligation reminders. Contract Management Software for Manufacturing Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. ACCELERATE Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your ERPs, CRMs & more to ensure smooth movement of data on all transactions or deliverables Risk & Compliance Uncover contractual risks with deep... --- > Volody's AI CLM is tailored to help Automotive companies streamline contract management, lower costs and enhance supplier collaboration. - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/automotive/ AI-powered CLM software for Automotive Volody’s AI contract management software tailored to help automotive companies streamline contract management process, lower costs and enhance supplier collaboration to accelerate time to market and increase revenue. Schedule demo Lack of visibility into vendor terms Automotive industry problems Manual contracting and a lack of visibility into supplier terms prevents automobile companies form realizing the true value of their contracts. With pressures to drive continuous product innovation while reducing costs, inefficient contracting can hinder business performance and create a competitive disadvantage. OEMs and automotive companies are burdened with numerous supplier, vendor and customer contracts. Lack of standardization and no searchable repository makes it impossible for them to rapidly respond to business events. Volody’s AI CLM software for Automotive industry Streamline contracting to reduce revenue leakage Volody’s AI contract management software is specifically designed to help automotive companies eliminate revenue leakage by enhancing visibility into supplier terms and accurately track vendor performance against deliverables. Improve operational efficiency and overall productivity with real-time visibility into buy-side & sell-side contract status with timely obligation reminders. Contract Management Software for Automotive Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. ACCELERATE Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your ERPs, CRMs & more to ensure smooth movement of data on all... --- > Volody's AI Contract Management for retail firms: Track renewals & boost supplier collaboration to fast-track market time & revenue growth. - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/retail/ AI-powered CLM software for Retail Volody’s AI contract management software is tailored to help retail companies streamline contract management process, track renewals & enhance supplier collaboration to accelerate time to market and increase revenue. Schedule demo Shifting consumer expectations Retail industry problems Retail & FMCG companies are constantly dealing with shifting consumer demands, increased expectation and threat of new competition, prompting them to be agile and shift business model to meet new demands. With manual contracting, disjointed supply-chains and no real-time visibility into vendor terms, managing contracts becomes extremely cumbersome. Embracing digitization and automation is a must to remain competitive and drive top-line revenue growth. Volody’s AI clm software for RETAIL industry Real-time visibility into all contracts Volody’s AI contract management software is specifically designed to help retail & FMCG companies eliminate revenue leakage by enhancing visibility into supplier terms and accurately track vendor performance against deliverables. Improve operational efficiency and overall productivity with real-time visibility into buy-side & sell-side contract status with timely obligation reminders. Contract Management Software for Retails Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software ACCELERATE Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your ERPs, CRMs & more to ensure smooth movement of data on all transactions or deliverables Risk & Compliance Uncover contractual risks with deep... --- > Volody's Contract Management Software aids energy firms in efficiently handling contracts, CAPEX operation management & enhancing visibility. - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/energy/ AI-powered CLM software for Energy Volody’s AI contract management software is tailored to help energy companies streamline their contract management process. Our AI CLM software helps energy companies manage their CAPEX heavy operations and improve visibility across multiple locations to accelerate approvals with smarter contracts. Schedule demo Manage complex supplier relationships Energy industry problems With capex heavy operations & business across geographies, energy companies struggle with disjointed process due to manual contract management. With global push towards clean energy and ever-changing regulations, agility is an important competitive advantage which cannot be achieved with an unstructured contracting process. Manual contracting, disjointed supply chains and no real-time visibility into vendor terms, make managing complex commercial relationships is impossible. Embracing digitization and automation is a must to remain competitive and drive top-line revenue growth. Volody’s AI clm software for Energy industry Streamline upstream & downstream contracting Volody’s AI contract management software is specifically designed to help energy companies eliminate revenue leakage by enhancing visibility into supplier terms and accurately track vendor performance against deliverables. Get in-depth insights into executed agreements and draft stronger agreements going forward with favorable terms and compliant clauses. Contract Management Software for Energy Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. ACCELERATE Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your... --- > AI Contract Management Software tailored to help Pharmaceutical companies streamline contract management, manage clinical trials and improve visibility - Published: 2025-02-18 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/pharmaceutical/ AI-powered CLM software for Pharma Volody’s AI contract management software is tailored to help pharmaceutical companies streamline contract management, manage clinical trials and improve visibility across multiple locations to accelerate approvals with smarter contracts. Schedule demo Lack of standardization and visibility Pharmaceutical industry problems With lengthy drug trials & highly regulated processes, pharmaceutical companies struggle to manage all their contracts as they are scattered across multiple departments and lack standardization. With strict timelines to push out new drugs and major penalties for non-compliance, contract mismanagement can delay revenue recognition and hinder business growth. Administration overhead is a major factor in drug price, which needs to be driven down to keep medicine accessible to all. Digitization and automation can help lower cost while improving operational efficiency. Volody’s AI clm software for pharma industry Accelerate drug trials Volody’s AI contract management software is specifically designed to help pharmaceutical organizations automate & streamline their contracting operations, helping them stay on top of all compliances, mitigate risk and drive revenue growth. Volody’s AI CLM software brings in contract standardization, simplifies operations and improves operational performance across the complex supply chain. Contract Management Software for Pharmaceutical Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. Accelerate Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your ERPs, CRMs &... --- > Volody's AI Contract Management Software is tailored to help logistics companies manage complex supplier relationships & improve visibility. - Published: 2025-02-18 - Modified: 2025-05-27 - URL: https://www.volody.com/solutions/industry/transportation/ AI-powered CLM software for Technology Volody's smart contract management software tailored to help transportation companies streamline contract management, manage complex supplier relationships and improve visibility across multiple locations to accelerate approvals with smarter contracts. Schedule demo Lack of standardization and visibility Transportation industry problems With highly fragmented business functions and contract-heavy operations, transportation and logistics companies are constantly looking for ways to lower costs & improve operational efficiency. Complex supplier relationships and outsourced operations can hinder business performance and create a competitive disadvantage against companies with digitized and automated operations. VOLODY'S AI CLM SOFTWARE FOR Transportation industry Enhance operational efficiency Volody’s AI CLM software is specifically designed to simplify contracting for transportation & logistics companies. By unifying all contract management related operations on one platforms, Volody empowers legal and business teams to automate manual tasks, stay on top of obligations and accelerate approvals. Our AI technology allows companies to maintain complete control over their expansive spend portfolio as well as sell-side deliverables. Contract Management software for Transportation Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. Accelerate Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates with your ERPs, CRMs & more to ensure smooth movement of data on all transactions or deliverables Risk & Compliance Uncover contractual risks with deep insights in all agreements... --- > Volody's AI Contract Management Software is designed to expedite contracting, remove bottlenecks & fuel growth for IT Service & Tech company. - Published: 2025-02-17 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/industry/technology/ AI-powered CLM software for Technology Volody’s AI contract management software is tailored to help software companies accelerate growth by accelerating contracting cycles & eliminating bottlenecks. Volody AI CLM software’s user-friendly platform accelerates user adoption & streamlines operations. Schedule demo Manual contracting hindering growth Technology industry problems With a hyper-growth environment & a meticulous focus on operational excellence, manual contracting can create unnecessary bottlenecks for technology companies and delay revenue recognition due to long contracting cycles. As a company grows, contracting inefficiencies lead to revenue leakage, inefficient spending and increased compliance risks. With contracts located across multiple departments and locations, a unified platform to simplify operations is a must to create a competitive advantage. Volody’s AI CLM software for technology industry Drive growth with smarter contracting Volody’s AI contract management software is specifically designed to help high-growth technology companies streamline their contracting operations to simply processes and meet their revenue growth. With our easy to use CLM software and commitment to customer support, technology companies can focus on growing their company while automating mundane tasks with our smart contract management software. Accelerate approvals with automated workflows and standardize agreements to mitigate risk. Contract Management software for SaaS Optimize and digitize contracts through every stage of the contract lifecycle with Volody’s AI CLM software. ACCELERATE Approvals Set-up configurable approval workflows with smart workflow builder to reduce contracting cycles by 50% Manage spend Accurately track spend across all your dealer contracts and optimize expense by automating contracts using favorable terms Seamless Integrations Integrates... --- > Volody's AI Contract Management software speeds the sales cycles, drafts standardized agreements & boosts revenue for sales teams. - Published: 2025-02-17 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/department/sales/ CLM for CLM Software for Sales Teams Fast-track contract drafting, negotiation and execution with legal approved standard contracts and simplified approval workflows. Volody’s AI contract management software reduces contracting cycle time by 40%. Schedule demo AI CLM SOFTWARE FOR SALES Spend less time doing manual work and automate mundane tasks Volody’s sales AI contract management software helps you streamline your contracting operations so you can focus on closing more deals and generating revenue. With Volody AI contract management software’s, sales team can close 3x more deals and reduce negotiation cycle time by 50% along with seamless CRM integration to simplify contract generation. Contract Management Software for Sales Teams AI CLM SOFTWAR FOR SALES Accelerate Sales Contracting Cycle Automate contract drafting in minutes with legal approved templates and clauses. Easily share contracts with all stakeholder and collaborate effortlessly on MS Word/Google Docs. Automate repetitive admin work like follow-ups with timely email alerts to all team members. Forecast deals accurately with real-time status visibility on all contracts. Learn More AI CLM SOFTWAR FOR SALES Salesforce & HubSpot Integration Create contracts on the go with seamless Salesforce and HubSpot integration. Directly draft agreements within your CRM with legal approved clauses to accelerate contracting cycles. Receive real-time updates and ensure all team members are on the same page. Strengthen negotiations with legal-approved clauses from previously executed contracts. Learn More Accelerate your contracting process Global enterprises choose Volody’s AI CLM software to stay on top of all their contracts & improve your overall organizational performance.... --- > Volody's AI contract management software aids procurement in tracking vendor deliverables, standardizing agreements, & managing obligations. - Published: 2025-02-17 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/department/procurement/ AI-POWERED CLM Software For Procurement Teams Streamline vendor management, standardize vendor agreements and efficiently track deliverables with Volody’s AI contract management software. Automate reminders, track vendor performance using obligation management module effectively. Schedule demo TRACKING MADE EASY Monitor vendor contracts & deliverables with ease Volody’s vendor contract management software enables procurement teams to seamlessly track spend across the organization to streamline contract approvals & enhance supplier collaboration. Integrates with your ERPs, vendor management softwares, HRMS or any other surround systems to ensure smooth data movement, keeping all the stakeholders updated. AI CLM Software for Procurement Teams AI CLM SOFTWARE FOR PROCUREMENT Standardize Vendor Agreements Standardize all your contracts with pre-approved templates. Empower users to draft agreements in minutes with a few guided steps. Use legal-approved contracts and clauses to ensure compliance. Set configurable drag & drop contract workflows to automate contract approvals. Learn More AI CLM SOFTWARE FOR PROCUREMENT Obligation & Deliverable Tracking Centrally manage all your contractual obligations, analyze compliance risks and more. Leverage smart CLM dashboards to track vendor performance against deliverables. Generate custom MIS reports for accurate reporting and improve business performance. Learn More Accelerate your contracting process Global enterprises choose Volody’s AI CLM software to stay on top of all their contracts & improve your overall organizational performance. Schedule demo 70% Productivity improvement 40% Shorter Contracting Cycle 30% Administrative Cost Saving 90% Customer Adoption & Retention CLM tool designed to assist procurement teams Volody’s AI contract management software is loved by procurement teams around the globe.... --- > Streamline contract drafting with self-service forms, using Volody's AI CLM Software for effortless contract creation and faster cycles. - Published: 2025-02-14 - Modified: 2025-05-19 - URL: https://www.volody.com/ AI-POWERED Contract Management Software Digitize, automate & streamline your contract management process with Volody’s AI CLM software. Schedule demo Start Free Trial 70% in-house legal teams were buried in low-value work. With Volody’s AI contract lifecycle management (CLM) software, legal teams can streamline their contract management and focus on the key deliverables and strategic issues. 5 STEP CONTRACT MANAGEMENT PROCESS One platform for all contracts Volody’s AI contract management software makes contracting effortless and streamlines each step of the lifecycle with AI & ML features Create Negotiate Approve Store & Track E-Sign Automate Contracts Automate contract drafting with legal approved templates to accelerate contracting cycles with our AI contract management software. Read More Collaborate Streamline redlining and effortlessly collaborate with all your stakeholders using your editor of choice (Google docs/MS word) Read More Streamline Approval Workflows Configure contract approval workflows and get a contract ready for signature with our no-code workflows builder. Read More Central Repository Establish a centralized contract repository to securely store all contracts in one convenient location. Maintain records of renewals, milestones, & important contractual obligations diligently. Read More E-Signature Digitally sign your contracts with your native e-signature provider like DocuSign, Adobe Sign etc. Automate Contracts Automate contract drafting with legal approved templates to accelerate contracting cycles with our AI contract management software. Read More Collaborate Streamline redlining and effortlessly collaborate with all your stakeholders using your editor of choice (Google docs/MS word) Read More Streamline Approval Workflows Configure contract approval workflows and get a contract ready... --- > AI Contract Management software is designed to help legal teams automate manual tasks, enhance legal review, and improve overall productivity - Published: 2025-02-12 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/department/legal/ AI-POWERED CLM software for Legal Teams Stay on top of all your contracts and streamline approval workflows with our AI-powered contract management software. Ensure compliance, receive reminders & leverage best in class AI to transform your legal operations. Schedule demo SMART AUTOMATION Automate mundane tasks and spend less time doing manual work Volody’s legal contract management software helps you streamline your contracting operations so you can focus more time on big-picture strategic issues rather than spending time on manual tasks. Automate contract creation using your standard drafts, red-line agreements, configure approval workflows and stay on top of all renewals with AI CLM software. Contract Management Software for Legal Team SMARTER NEGOTIATIONS Authoring & Negotiating Standardize your contracts and automate drafting using Volody’s self-service forms. Shorten contract execution time by streamlining contract review with legal approved templates. Leverage your clause playbook for company-favorable terms and get alerts for deviations. Seamlessly collaborate using your favorite tools like MS Word/Google Docs and maintain version history. Learn More ENHANCE VISIBILITY Improve Contract Visibility Extract key metadata & get contractual insights using Volody’s AI contract management software. Create a central contract repository for all your contracts & easily access them on AWS cloud. Use advanced filters to generate robust MIS reports and make better business decisions. Receive real time contract status updates with Volody AI CLM software's auto alert module. Learn More ANALYTICS Smart Dashboards & Analytics Leverage Volody AI CLM software's user-friendly dashboard for in-depth insights into your contracts. Configurable interactive dashboards for creating... --- > Volody's Contract Management software is designed to help finance teams accurately track spend, reduce leakage, and manage obligations - Published: 2025-02-12 - Modified: 2025-05-26 - URL: https://www.volody.com/solutions/department/finance/ AI-POWERED CLM Software for Finance Teams Stay on top of all your contracts and uncover the financial insights present inside your agreements. Ensure complete compliance, reduce financial risk with Volody's AI CLM software to enhance financial visibility. Schedule demo MONITOR SPEND, Revenue & LEAKAGE Track contract spend, revenue & compliances Volody’s financial AI contract management software helps you streamline your contracting operations so you can have complete control over your contracts and accurately track cashflow across the organization. Unlock the data present in your agreements & minimize risk by improving visibility to quickly identify breach, non-compliance, cost overruns and risks. Contract Management Software for Finance Teams AI CLM SOFTWARE FOR FINANCE Reduce Spend Leakage Maintain complete control over the contracting process, preventing any costly oversight or errors. Track performance against vendor deliverables & make sure your company meets all benchmarks. Improve your spend visibility & analyze risk to avoid revenue leakage. Integrate with your ERP or PO systems to trigger payment alerts to all team members. Learn More AI CLM SOFTWARE FOR FINANCE Accurate Forecasting View all your financial contract insights at one single platform. Effectively monitor expenses and project forecast spend with precise expenditure tracking. Use advanced filters to generate robust MIS reports from our Volody's AI CLM software. Make informed business decisions with Volody AI CLM software's smart data-driven insights. Learn More AI CLM SOFTWARE FOR FINANCE Identify & Minimize Risk Quickly identify contractual risk, non-compliance and cost overruns. Standardize your contracts, reducing the risk of penalties, fines,... --- --- ## Posts > Discover essential strategies for mitigating AI security risks in legal. Our guide for legal covers everything you need to know about AI security. - Published: 2025-06-12 - Modified: 2025-06-10 - URL: https://www.volody.com/resource/navigating-ai-security-a-guide-for-legal/ - Categories: AI in Legal Discover essential strategies for mitigating AI security risks in legal. Our guide for legal covers everything you need to know about AI security. Key Highlights Understand the most common AI security risks affecting legal practice and how they compromise data security. Protect sensitive data and maintain client confidentiality with best practices and integrated security solutions. Identify applicable regulatory requirements and ensure AI use aligns with legal obligations in the United States. Implement actionable measures like staff training, incident response protocols, and continuous monitoring to strengthen security posture. Adopt effective risk management strategies to handle vulnerabilities in AI systems. Keep pace with evolving threats, ensuring robust AI security standards for your law firm. Artificial intelligence changes the way people work in law. It makes research faster and helps with document analysis. But using new AI technologies in legal work brings new risks. The biggest issues are data security and keeping client information safe. Because of this, legal professionals have to find a balance. They want to use AI for new ideas, but they also need to meet rules and act ethically. Knowing about security standards helps with risk management. This lets law firms get through AI security challenges without losing their good name. This guide will show you how to use artificial intelligence in the best way. It helps you keep sensitive data and your clients' information safe. Understanding AI in Legal Practice AI systems change the way legal work is done in many ways. They can help to speed up daily tasks and also make it easier to guess what will happen in a case. The applications of AI use machine learning and... --- > Master manufacturing contracts! Explore 14 types of manufacturing contracts, key clauses, and legal essentials for drafting your perfect agreement. - Published: 2025-06-06 - Modified: 2025-06-06 - URL: https://www.volody.com/resource/your-guide-to-manufacturing-contracts/ - Categories: Contract & Clause Dictionary Master manufacturing contracts! Explore 14 types of manufacturing contracts, key clauses, and legal essentials for drafting your perfect agreement. Ever had a fantastic product idea, but then wondered how on earth you'd actually make it? For many businesses, especially those looking to grow or streamline their operations, bringing a product to life often means partnering with others. And that’s where manufacturing contracts come in – they’re the bedrock of these vital collaborations. But what exactly are these agreements, and how can they truly empower your business? We get that the legal side of business can feel a bit like untangling a knot. Our goal is to make it simpler. As a leading Contract Lifecycle Management (CLM) software provider, we specialize in helping businesses like yours manage the complexities of agreements from start to finish. So, let’s peel back the layers on manufacturing contracts, exploring their surprising benefits, the many different types you might encounter, the must-have clauses, and those all-important legal bits, all to ensure your production line hums along without a hitch. So, What's a Manufacturing Contract, Anyway? Why Outsourcing Your Manufacturing Just Makes Sense Think of a manufacturing contract as your handshake, but in legal form, between your business (the "brand owner" or "client") and a manufacturer (the "contract manufacturer" or "supplier"). It lays out exactly how that manufacturer will produce your goods. We’re talking everything from precise product details and quality benchmarks to production timelines, how and when you'll pay, who owns the brilliant ideas (that's intellectual property! ), and what happens if there’s a disagreement. Essentially, it's your detailed roadmap for getting your product made,... --- > Learn the must-know these top 10 KPIs for contract management success in 2025. Elevate your contract performance with these metrics. - Published: 2025-05-27 - Modified: 2025-05-28 - URL: https://www.volody.com/resource/10-essential-kpis-for-contract-management/ - Categories: Best Practices, All about Contracts Learn the must-know these top 10 KPIs for contract management success in 2025. Elevate your contract performance with these metrics. Key Highlights This blog talks about ten important Key Performance Indicators (KPIs) for good contract management in 2025 and the future. These KPIs cover everything from Contract Lifecycle Time to Risk Management Effectiveness, giving you a complete view of contract health. The blog highlights how contract management software is becoming more important in today's world driven by data. See how keeping track of these KPIs can help improve compliance, lower risks, and increase contract value. Get helpful tips to manage the changing world of contract management. As companies change quickly with technology, using contract lifecycle management software to maintain a contract repository is a must. This software helps make tasks easier and gives helpful data through Key Performance Indicators (KPIs). By knowing and keeping an eye on these KPIs, businesses can greatly enhance their contract management, lower risks, and get the best value from their contracts. The Top 10 Essential KPIs for Contract Management in 2025 As we move into 2025, contract management operations need strong attention to making decisions based on data. This means finding and keeping track of the right KPIs that fit your business goals. Here are ten important KPIs for organizations looking to improve their contract management strategies and get the best results. These metrics help you monitor the contract lifecycle and check how well you manage risks. They also give a complete view of the health of your contracts and show where improvements can be made. To truly benefit from these KPIs, it is important... --- > Dive into the concept of good faith in contract negotiations and how it can lead to positive results. Read our blog now. - Published: 2025-05-26 - Modified: 2025-05-28 - URL: https://www.volody.com/resource/what-is-good-faith-in-contract-negotiation/ - Categories: Best Practices Dive into the concept of good faith in contract negotiations and how it can lead to positive results. Read our blog now. Key Highlights Good faith in contract negotiations speaks to the ethical and legal expectation of honesty, fairness, and transparency from all parties involved. It's about fostering a cooperative environment where everyone strives for mutually beneficial outcomes, grounded in clear communication and respect. Legally, good faith is often an implied covenant within contracts, particularly in the United States, with ramifications for breaches. Building long-term trust, minimizing conflicts, and enhancing collaboration are just a few of the positive impacts of prioritising good faith negotiations. Real-world challenges, like navigating cultural differences or identifying bad faith tactics, highlight the need for proactive strategies and a firm grasp of its principles. Introduction In the often tricky world of contract negotiations, "good faith" stands out as a guide for ethics and legality. It is more than just a handshake. Good faith is a legal idea and a key principle that greatly affects how contracts are negotiated. It means that everyone involved should act honestly and fairly. Key questions are: what exactly defines good faith, and how can it be encouraged to create successful and lasting agreements? Understanding Good Faith in Contract Negotiations Good faith in contract negotiations is more than just following the law. It shows a promise to treat everyone fairly, be open, and truly try to make deals that help everyone involved. This means being open-minded, willing to listen, and dedicated to finding ways to satisfy everyone's needs. Negotiating in good faith does not mean giving up your interests or agreeing to important points... --- > This blog will be speaking about what are boilerplate clauses, why to have them and benefits of having boilerplate clauses in contracts - Published: 2025-05-23 - Modified: 2025-05-28 - URL: https://www.volody.com/resource/all-about-boilerplate-clauses-in-contracts/ - Categories: All about Contracts This blog will be speaking about what are boilerplate clauses, why to have them and benefits of having boilerplate clauses in contracts Key Highlights Boilerplate clauses are standard parts found in legal documents. They help keep agreements alike and consistent. They include important topics like dispute resolution, governing law, confidentiality, and force majeure. Knowing these clauses is very important for businesses. It helps them manage risks and keeps things clear in contracts. Even though these clauses seem standard, it’s important to review and adjust them to meet the specific needs of a business and legal matters. Getting legal advice when writing or looking over boilerplate clauses can help avoid future disputes and protect business interests. Boilerplate clauses are important in legal documents. They create a clear guideline for contracts. These common sections, often located at the end of agreements, cover legal and procedural issues. They help maintain consistency and lower the chances of misunderstandings in contract terms. Though they may seem boring, knowing how these clauses work is essential for businesses. This understanding helps reduce risks and builds a solid base for successful business deals. The Essence of Boilerplate Clauses in Legal Documents The Essence of Boilerplate Clauses in Legal Documents Understanding legal documents can be hard, especially if you don't have experience in law. Boilerplate clauses make this easier. These are ready-made clauses that cover important points in many contracts. They help provide a standard way to deal with common legal issues. Boilerplate clauses help everyone understand how to solve disagreements, what laws apply, and other important details. This makes the contracting process faster and smoother. As a result, parties can... --- > This blog will tell you about what employment contracts are, how to mitigate risk in these contracts and top 5 pitfalls you can easily avoid. - Published: 2025-05-22 - Modified: 2025-05-22 - URL: https://www.volody.com/resource/5-employment-contract-pitfalls-to-avoid/ - Categories: Contract & Clause Dictionary This blog will tell you about what employment contracts are, how to mitigate risk in these contracts and top 5 pitfalls you can easily avoid. Imagine stepping into a new job or hiring a new employee without a written agreement. It’s like building a house without a blueprint—sooner or later, something is bound to collapse. That’s where employment contracts come in. They aren’t just boring legal documents; they’re the foundation of a successful professional relationship. A well-drafted employment contract ensures that both employers and employees know exactly what to expect—no surprises, no misunderstandings, just clear-cut guidelines. Whether you’re hiring, getting hired, or managing contracts, understanding their importance can save you from major headaches down the road. So, let’s break it all down most straightforwardly and engagingly possible! What is an Employment Contract? An employment contract is a formal agreement between an employer and employee that defines the terms of their relationship, including job duties, salary, benefits, work hours, and termination conditions. It ensures both parties are aligned, reducing misunderstandings and disputes. Beyond legal protection, an employment contract fosters trust and professionalism. It helps employees feel secure, knowing their rights to vacation days, sick leave, and confidentiality are protected. Employers benefit from legal compliance, risk mitigation, and clear terms regarding stock options, probationary period, or contract duration. In the United States, having a written contract—whether it's an at-will, fixed-term, or independent contractor agreement—helps establish clear expectations, manage benefits, and avoid conflicts. It provides security for both parties, ensuring a stable employer-employee relationship and legal protection for both sides. Type of Employment Contracts An employment contract isn’t just a document—it’s the rulebook that keeps both employers and... --- > Discover key takeaways from CLOC Legal at CGI2025. Our blog highlights essential insights and trends impacting the legal industry today. - Published: 2025-05-17 - Modified: 2025-05-28 - URL: https://www.volody.com/resource/cloc-legal-insights-from-cgi2025/ - Categories: Legal News Key Highlights Wide-ranging Attendance: Over 2,300 attendees, including legal ops professionals, thought leaders, GCs, and vendors, gathered at ARIA Resort & Casino, Las Vegas. AI-Driven Insights: Discussions centered on AI transforming legal operations through actionable insights and efficient workflows. Automation Focus: Key panels explored automation’s impact on legal spend management and operational efficiency. Valuable Networking Opportunities: Attendees shared innovative ideas and established essential connections across the legal operations community. Outstanding Sessions: Sessions like the "Powerhouse Perspectives" general session emphasised leadership in technology adoption and enterprise problem-solving. Transitioning to the introduction, let's explore what sets CLOC Global Institute 2025 apart. Introduction The CLOC Global Institute 2025 was a key event for legal ops professionals and their stakeholders. It took place at the ARIA Resort & Casino in Las Vegas. More than 2,300 people attended. This event provided a space to explore new legal operations solutions. AI, automation, and ways to improve workflows were the main focus. This helped legal teams meet the needs of their businesses. The conference highlighted the need for teamwork and innovation. It pushed the legal operations community to grow and succeed. Now, let's look at the profile of the attendees who made this event better. Overview of CLOC Global Institute 2025 Attendees Attendees of the CLOC Global Institute 2025 came from many backgrounds. Over 2,300 people joined from legal teams around the world. This included experienced General Counsels (GCs) and new legal ops professionals. The event allowed everyone to connect and share ideas. Important stakeholders, vendors, and... --- > Explore 7 must-try ChatGPT prompts for legal professionals. Enhance your legal drafting and research skills with our these proven legal prompts. - Published: 2025-03-12 - Modified: 2025-04-09 - URL: https://www.volody.com/resource/7-chatgpt-prompts-for-lawyers-and-legal/ - Categories: AI in Legal Explore 7 must-try ChatGPT prompts for legal professionals. Enhance your legal drafting and research skills with our these proven legal prompts. Key Highlights This blog post provides eight practical ChatGPT prompts designed for legal professionals to streamline their workflows. Discover how to use ChatGPT for tasks like contract review and analysis, risk assessment, compliance analysis, legal memo drafting, and legal research. We'll explore the potential of ChatGPT in summarizing complex legal documents, aiding in negotiation processes, and crafting and revising legal policies. The article offers insights into the best practices for implementing ChatGPT in legal work while adhering to ethical considerations. Get ready to unlock new levels of efficiency and productivity in your daily legal tasks. The world of law and technology is changing quickly. AI tools are leading this change. This blog post looks at how legal professionals can use ChatGPT, an effective AI tool, to make their legal tasks easier. We will share 7 helpful ChatGPT prompts that are made for different parts of legal work. 7 Actionable ChatGPT Prompts for Legal Professionals The key to using ChatGPT for legal tasks is to create good prompts. If legal professionals give clear, short, and detailed instructions, they can use this AI tool to improve their speed and accuracy in different areas. Here are eight specific ways ChatGPT can really help in your daily legal work. Remember to replace any bracketed information, like "," with your details. This way, you will get the best and most relevant answers from ChatGPT. 1. ChatGPT Prompts for Contract Review and Analysis ChatGPT Prompts for Contract Review and Analysis Contract review can often mean going... --- > Discover how agentic AI is transforming legal work—streamlining contract management, enhancing legal research, and optimizing workflows. - Published: 2025-03-05 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/5-ways-lawyers-can-use-agentic-ai/ - Categories: AI in Legal Discover how agentic AI is transforming legal work—streamlining contract management, enhancing legal research, and optimizing workflows. Key Highlights Agentic AI is transforming the legal profession by automating tasks, aiding in strategic decision-making, and improving efficiency. Unlike traditional AI, agentic AI operates autonomously, collaborating, adapting, and learning from experience for continuous development. This technology allows legal professionals to focus on complex tasks that require human judgment and expertise. Despite its potential, the integration of agentic AI poses challenges, including ethical considerations, data security, and regulatory compliance. Law departments that successfully navigate these hurdles are expected to gain a substantial competitive edge in the evolving landscape of legal services. Introduction Imagine having a legal assistant who never takes a break, works 24/7, and doesn’t just follow orders but anticipates what needs to be done. This isn’t a futuristic dream—it’s the reality of Agentic AI. Unlike traditional AI, which relies on constant input, agentic AI takes initiative, making decisions and solving problems in real time. For legal teams—including general counsel and product counsel—this means a fundamental shift in handling complex workflows. From streamlining legal research to automating vendor agreements, agentic AI transforms routine tasks while leveraging large language models (LLMs) to improve accuracy and efficiency. However, human oversight remains essential, especially when dealing with personal information and ensuring best practices are followed in agentic workflows. As the world of AI evolves, law departments and legal departments must navigate both opportunities and challenges. Ethical concerns, security risks, and technical barriers must be addressed to fully integrate AI into legal operations. In this blog, we’ll explore how agentic AI is reshaping... --- > Discover what are AIA Contracts in construction. Learn how these contracts reduce risks, improve communication, & enhance project management. - Published: 2025-02-28 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/aia-contract-documents-how-to-manage-them/ - Categories: Contract & Clause Dictionary Discover what are AIA Contracts in construction. Learn how these contracts reduce risks, improve communication, & enhance project management. Key Highlights AIA Contract Documents are known as an industry-standard in construction. They provide a clear way to organize agreements. They have many benefits, like reducing risks, improving communication, and lowering the chances of disputes. AIA Contracts can be tailored to fit different project needs and delivery methods. These documents are regularly updated to keep up with changes in the construction field. It's important to manage AIA Contracts well, and there are digital tools that can make the process easier. Introduction In construction, it's very important to communicate clearly and have clear agreements. This is where AIA contract documents play a key role. These documents are the industry standard for architects, contractors, and owners. They act as a helpful guide for project management. AIA contract documents clarify roles, responsibilities, and expectations. This leads to smoother project execution and successful completion. Understanding AIA Contract Documents Developed by the American Institute of Architects (AIA), these documents give a standard and flexible guide for construction agreements. They include many types of forms, from owner-contractor agreements to architect-consultant agreements. At the center of these documents is the standard form of agreement for furnishings, which outlines the general conditions of the contract. This section includes important topics like payment terms, ways to solve disputes, and project timelines. In short, AIA contract documents serve as a plan for working together on projects, helping to reduce risks and misunderstandings. Besides the standard form of agreement, AIA contract documents also have extra conditions and exhibits that meet specific... --- > A well-crafted Statement of Work (SOW) is key to project success. Learn how to define scope, set goals, manage milestones, & ensure compliance. - Published: 2025-02-27 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/crafting-the-perfect-statement-of-work-sow/ - Categories: All about Contracts, Best Practices A well-crafted Statement of Work (SOW) is key to project success. Learn how to define scope, set goals, manage milestones, & ensure compliance. In the realm of project management, a well-crafted Statement of Work (SOW) serves as a crucial document outlining the scope of work and setting the foundation for a successful project. Understanding the intricacies of an SOW framework is essential to ensuring clear communication, delineating responsibilities, and managing expectations effectively. By delving into the components that form a robust SOW, businesses can streamline project processes, mitigate risks, and foster strong client relationships. Let's explore how mastering the art of crafting an effective SOW can significantly impact project outcomes. Understanding the Statement of Work (SOW) Framework Crafting a clear and comprehensive Statement of Work is essential for successful project management. The SOW serves as a formal document outlining the project's scope, objectives, and deliverables. It delineates the responsibilities of all parties involved, sets clear expectations, and establishes the framework for the project's execution. By defining the project's purpose, goals, and key elements upfront, the SOW ensures a shared understanding of the project's scope and minimizes potential scope creep. It lays the foundation for a successful project completion by providing a roadmap for all stakeholders to follow. Defining SOW: More Than a Document Statements of Work (SOWs) go beyond being mere documents; they serve as foundational pillars in project management, delineating the project's scope, objectives, and deliverables. An effective SOW outlines the level of effort required, the work breakdown structure, and the specific tasks necessary for successful project completion. By detailing the project's scope, SOWs establish clear boundaries, preventing scope creep and fostering... --- > Explore the key elements of sports contracts, including contract length, compensation, negotiation tactics, legal frameworks, and dispute resolution. - Published: 2025-02-26 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-are-sports-contracts-key-principles/ - Categories: Contract & Clause Dictionary Explore the key elements of sports contracts, including contract length, compensation, negotiation tactics, legal frameworks, and dispute resolution. Key Highlights This blog post looks at the main ideas behind sports contracts. It talks about important parts like the length of the contract, payment, and how to negotiate. We will compare team contracts and individual contracts. We will also discuss the legal rules that apply to these agreements. Additionally, we will see how digital media and streaming rights affect sports contracts. We will find out how athletes can protect their interests. We will review what agents and managers do during negotiations. The post will explain common problems and ways to solve disputes. Lastly, we will examine how sports contracts are changing. We will answer common questions about this topic. Introduction In professional sports, contracts are very important. They serve as the foundation for the whole industry. These legal documents outline how athletes, teams, sponsors, and others work together. It’s important for anyone in this multi-billion dollar world to understand sports contracts. This includes new athletes as well as experienced ones. This blog post will explain the main ideas of sports contracts. It will talk about how they are created, what important parts they have, typical mistakes to avoid, and what these contracts might look like in the future. The Foundation of Sports Contracts At their core, sports contracts follow the same basic rules as any other contract. There needs to be an agreement between parties who are able to form a contract. They must exchange something of value, and this must all aim for a legal purpose. However, the... --- > Meeting contract obligations prevents legal issues, builds trust, and ensures smooth operations. CLM software automates tracking and compliance. - Published: 2025-02-25 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/managing-contract-obligations-compliance/ - Categories: All about Contracts, Best Practices Contracts are essential for running a business. They provide a clear plan that outlines what each party must do, expect, and have the right to. Every contract includes important obligations—these are the tasks and commitments that people or businesses have to complete. This can include paying bills, delivering products or services, following laws, and meeting certain performance standards. Failing to meet these obligations can lead to serious problems. Money penalties, legal issues, and harm to a business's reputation are some of the risks that happen when contract obligations are broken. A good way to manage contracts helps avoid these issues. It makes sure that obligations are completed correctly and on time. Aside from avoiding risks, managing contracts well builds trust, improves relationships, and helps a business stay stable and do well. Getting to know the details and taking charge of responsibilities are important steps. They help in lowering risks and supporting growth over time. This blog speaks about what to do when you have missed a contract obligation. Why Meeting Contractual Obligations Matters Following the terms in a contract is not just a rule—it's important for creating strong relationships based on trust. Here are some reasons why keeping promises in contracts is very important: Building Trust: When companies keep their promises, trust is built over time. Suppliers, customers, and partners are more willing to continue working with a company that is reliable. Strengthening Relationships: Trust helps create stronger relationships. Meeting obligations can lead to better deals, longer partnerships, and even... --- > Learn how to create a strong influencer contract: scope of work, payment terms, legal guidelines, IP rights, FTC compliance, and dispute resolution. - Published: 2025-02-20 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/influencer-contract-essentials-a-guide/ - Categories: Contract & Clause Dictionary Learn how to create a strong influencer contract: scope of work, payment terms, legal guidelines, IP rights, FTC compliance, and dispute resolution. Key Highlights A clear influencer contract is important for good influencer marketing campaigns. It protects both the brand and the influencer. This helps in setting clear expectations and deliverables. Key parts of the contract include a detailed scope of work, payment terms, content guidelines, and legal issues. Following FTC guidelines for endorsements and disclosures is very important. Always review and update contracts to match changes in the industry and the specific needs of each campaign. Introduction Imagine investing in an influencer marketing campaign, only to face confusion over content expectations, payment terms, or ownership rights. Without a clear agreement in place, misunderstandings can lead to delays, legal disputes, and wasted resources. That’s where an influencer contract comes in—a structured legal document that defines the terms of collaboration between a brand and an influencer. A well-drafted influencer contract not only outlines key aspects such as deliverables, compensation, and intellectual property rights but also safeguards both parties against potential risks. Whether you’re a brand looking to maximize ROI or an influencer ensuring fair treatment, understanding the essentials of an influencer contract is crucial for a smooth and successful partnership. In this guide, we’ll break down the key elements of influencer contracts, explain the difference between contracts and briefs, explore payment structures, and highlight legal considerations. By the end, you’ll have a clear roadmap to drafting contracts that foster trust, transparency, and long-term success in influencer marketing. Understanding Influencer Contracts An influencer contract is a legal document. It shows the terms of work... --- > Learn the risks of missed contract deadlines, how to fix them, and ways to prevent future delays with CLM software - Published: 2025-02-19 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/missed-contract-deadline-what-to-do/ - Categories: All about Contracts, Best Practices Did you know that 70% of businesses lose money because they miss contract deadlines? This surprising fact shows how important it is to complete contracts on time. It is not just a formality; it can affect the money and success of a business. Missing a contract deadline can lead to big problems, like expensive penalties and broken business relationships. In this blog, we will explain why missing deadlines matter so much. We will look at common reasons for these delays and offer steps to fix the problem. Most importantly, we will talk about how you can stop these problems from happening again. Problem Statement Problem Statement The High Cost of a Missed Contract Deadline Missing a contract deadline may look like a small problem at first. However, it can cause many serious risks for your business. These risks can include money penalties and harm to your reputation. The dangers are significant. Here’s a closer look at the risks you might face: Financial Penalties Many contracts have rules that set penalties for late delivery or missing deadlines. These penalties can grow quickly, leading to big money losses. For example, in construction contracts, there are rules that can fine you for delays in completing a project. These fines can be added up daily, possibly leading to thousands or even millions of dollars. Legal Disputes Missing a deadline might cause legal problems. A client or partner may sue you, saying you did not meet your promises. This could result in costly legal fees,... --- > Learn all about content licensing agreements in our detailed guide. Get informed on this crucial aspect of content creation.. - Published: 2025-02-18 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-a-content-licensing-agreement/ - Categories: Contract & Clause Dictionary Key Highlights A content licensing agreement allows you to use copyrighted material legally. These agreements explain how you can use the content, including payment, exclusivity, and rights of use. Content licensing helps businesses access good content, improve brand visibility, and possibly earn money. You should know about copyright laws and what fair use means. It is wise to get legal advice to make sure your licensing agreements follow all rules. Introduction In the world we live in, content is very important. But, it can be tough to understand the legal rules around using someone else's work. This is where a content license agreement helps. It clearly explains how the content can be used and how much to pay for it. These agreements keep safe the rights of the person who created the content and the person using it, known as the licensee. It is important to get legal advice when setting up a strong content license agreement. This can help avoid any problems and make sure everyone understands the terms they agreed on. Understanding Content Licensing Agreements Content licensing agreements are important for anyone who wants to use copyrighted material without breaking the rules set by the original creator. These agreements work like permission slips. They give specific rights to use a piece of content but make sure the owner still keeps ownership. Rather than creating new content from the start, businesses and individuals can use high-quality content by licensing it. This can include a great image, a carefully written... --- > How an AI-powered CLM transformed an insurance provider’s contract management, boosting efficiency, collaboration & automation. - Published: 2025-02-17 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/insurance-leader-ai-clm-transformation/ - Categories: Case Studies How an AI-powered CLM transformed an insurance provider’s contract management, boosting efficiency, collaboration & automation. Managing contracts in the insurance world is like steering a big ship through tough seas. Even when you have good tools, issues in the system can lead to delays and confusion. A leading company that offers cloud-based insurance solutions recently had a tough time. While they used modern tools to help their customers well, their contract management system fell behind as the company grew. This blog explains how the organization overcame those challenges with an AI-powered CLM solution. This change made workflows smoother, sped up contract approvals, improved teamwork, and significantly increased their efficiency. Leading Insurance Provider Leading Insurance Provider This new insurance provider has changed the way people view insurance. It offers different products, like auto, health, and two-wheeler insurance, to meet various needs of its customers. The company uses a digital-first way to make it easier for people. They have easy-to-use websites and apps for buying policies, managing claims, and more. With a strong connection of over 10,000 partner hospitals and garages, the business has made insurance easier and improved customer happiness. Related Article: 9 Legal Issues in Hospital & Healthcare Everyone Should Know The Challenges Faced The Challenges Faced The organization used advanced technology in its work but still had ongoing challenges in managing contracts well. These issues blocked productivity and made it hard to run things smoothly. Here is a closer look at the main challenges the organization faced: 1. Inefficient Workflow Management Inefficient Workflow Management The lack of a standard way of approving and executing... --- > This blog explains HIPAA Business Associate Agreements (BAAs) and their role in protecting PHI and ensuring compliance. - Published: 2025-02-11 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/hipaa-business-associate-agreement-guide/ - Categories: Contract & Clause Dictionary This blog explains HIPAA Business Associate Agreements (BAAs) and their role in protecting PHI and ensuring compliance. Imagine healthcare data as a priceless artifact stored in a high-security vault. The key to this vault is shared with only a select few who must handle it with utmost care. Now, think of the Business Associate Agreement (BAA) as the binding contract that not only determines who gets the key but also outlines the rules for safeguarding the artifact. Just as a vault's security ensures the artifact's protection, the BAA plays a vital role in safeguarding Private Health Information (PHI) in today's healthcare ecosystem. What Is a HIPAA Business Associate Agreement? What Is a HIPAA Business Associate Agreement? A Business Associate Agreement (BAA) is a legal contract required by HIPAA, which outlines the responsibilities of a Business Associate transmit PHI (BA) when handling PHI on behalf of a Covered Entity (CE). A CE refers to healthcare providers, health plans, or health clearinghouses that, while a BA is any entity that uses, handles, or stores PHI while performing services for a CE. PHI includes any health information that identifies an individual and is shared or stored in any format. Why Are BAAs Important? Why Are BAAs Important? BAAs are critical for maintaining HIPAA compliance and ensuring the security of sensitive healthcare data. These agreements clarify roles, establish accountability, and mitigate risks associated with mishandling PHI. They also reinforce trust and demonstrate an organization’s commitment to protecting patient information, which is vital for maintaining strong reputations in the healthcare industry. When Is a BAA Required? When Is a BAA Required? A... --- > Discover the basics of contract management software on our blog. Find all you need to know about contract management software. - Published: 2025-02-10 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-contract-management-software/ - Categories: All about Contracts Managing contracts is a critical aspect of any business operation, proper handling of all agreements. However, managing contracts manually can be a time-consuming and error-prone process. That's where contract management software comes in. Contract management software makes contract processes easier by handling everything from creating to renewing contracts automatically. It centralizes and digitizes contract information, making it easily accessible and searchable. With contract management software, businesses can collaborate more effectively, ensuring efficient contract creation and approval processes. In addition to simplifying contract management, this software also provides compliance management features, helping businesses stay on top of contractual obligations and regulatory requirements. It automates workflows, reduces manual errors, and integrates with other systems, improving efficiency and data accuracy. Advanced contract management software incorporates artificial intelligence (AI) capabilities, offering features such as contract intelligence and automation. These AI-powered solutions can analyze contracts, identify risks, and automate routine tasks, further enhancing productivity and risk management. Whether you are a small or large business, using contract management software streamlines the entire contract lifecycle. What is Contract Management Software? Contract management software refers to a digital solution that helps businesses streamline and automate their contract-related processes. It offers a range of core functionalities that facilitate the management of contracts throughout their lifecycle. The contract lifecycle refers to the stages of a contract, from creation and contract negotiation to execution and renewal. Contract management software simplifies each stage of this process, making it easier to handle multiple contracts simultaneously. The core functions of contract management software... --- > HDFC Securities boosts contract management with Volody's CLM software for better efficiency and security. - Published: 2025-01-30 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/hdfc-securities-contract-management/ - Categories: Case Studies Contract lifecycle management (CLM) is very important for businesses today. This is especially true in fast-moving and busy fields like finance. Good contract management helps companies follow rules, lower risks, and be more flexible. This supports the overall success of the business. HDFC Securities, a top financial company in India, faced challenges in managing their contracts well. After teaming up with Volody, which offers AI-powered CLM solutions, HDFC Securities made its contract management simpler. This led to better teamwork, stronger security, and improved performance. In this blog, we will look closely at HDFC Securities’ journey. We will see how Volody’s AI CLM software changed the way they manage contracts. HDFC Securities HDFC Securities is a well-known company in India’s financial services field. It is part of HDFC Bank, a name people trust for its new ideas and focus on customers. The company has many products and services. These include stock trading, help with investments, and planning finances. Because the financial sector changes often, HDFC Securities has to manage a lot of contracts in many different areas. This shows that they really need a better way to handle contracts. However, even though HDFC Securities is a well-respected firm in finance, it faced big problems in managing contracts well. These problems made operations slower and created risks that could cause issues at work. This is where Volody’s AI CLM software stepped in. Key Problems in Managing Contracts at HDFC Securities Before HDFC Securities started using Volody’s AI CLM software, they had several... --- > A quick guide to patents, its types, steps, and legal essentials for protecting and leveraging your innovations. - Published: 2025-01-29 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/patents-101-bold-steps-types-legal-secrets/ - Categories: Intellectual Property Rights In today's economy, new ideas are very important. Patents are helpful for protecting inventions. They keep the rights to creations safe and help technology grow. Patents let innovators protect their work and also share knowledge. But, the world of patents can be confusing. There are different types of patents, complex steps to apply, and many legal things to think about. This guide will look at the types of patents, how they work, the steps to get them, and the laws that support them. Types of Patents Patents are classified by the type of invention they cover. Each type serves a specific purpose and gives unique benefits to inventors and businesses. 1. Utility Patents Utility patents are the most common kind of patent. They protect new and useful inventions. These patents cover many types of ideas. This includes machines, processes, products, and mixtures. They also cover important improvements to current tech. People really value utility patents. They often help push major advances in different industries. Key Features: Duration: It normally lasts for 20 years from the date you file. This is because you pay the required fees. The invention must be new. It should not be obvious. It also needs to be helpful. Examples of utility patents are phones, advanced medical imaging tools, and new software methods. Utility patents are important for encouraging new ideas in fields like healthcare, information, manufacturing, and clean energy. They allow inventors to have the exclusive right to profit from their inventions and support the development... --- > This blog explores how intellectual property (IP) safeguards innovations and helps maximize their value for businesses and entrepreneurs. - Published: 2025-01-23 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/intellectual-property-protect-innovation/ - Categories: Intellectual Property Rights Imagine your ideas as a valuable treasure and intellectual property (IP) is the fortress that guards it. In a world driven by innovation and creativity, IP serves as the key protector of the assets that shape industries, economies, and our everyday lives. Whether you're an entrepreneur, a legal professional, or a business leader, understanding the fundamentals of IP is crucial for securing and unlocking the full potential of your creations. What Is Intellectual Property? What Is Intellectual Property? Intellectual property refers to the legal rights that protect creations of the mind, including inventions, artistic works, designs, and brand identifiers. These rights provide creators with the exclusive ability to use, sell, or license their innovations, fostering an environment where creativity and innovation can thrive. The main types of IP include: Patents: Protect inventions and technological innovations, such as a groundbreaking pharmaceutical formula or a novel piece of machinery. Trademarks: Safeguard brand identity elements like logos, names, and slogans, ensuring businesses can build recognizable and trustworthy reputations. Copyrights: Shield original creative works, including literature, music, software, and art, from unauthorized reproduction or distribution. Trade Secrets: Protect confidential business information that provides a competitive edge, such as proprietary algorithms or recipes. Industrial Designs: Cover the aesthetic aspects of products, ensuring unique visual designs are not copied. Geographical Indications: Protect products linked to a specific location, such as Champagne from France or Darjeeling tea from India. Why Is Intellectual Property Important? Why Is Intellectual Property Important? Intellectual property is more than just a legal... --- > Learn about litigation, its process, types, & how it compares to arbitration. Understand legal disputes & how the court resolves them effectively. - Published: 2025-01-22 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-does-litigation-mean-definition/ - Categories: Litigation Management Learn about litigation, its process, types, & how it compares to arbitration. Understand legal disputes & how the court resolves them effectively. Litigation refers to the process of taking legal action through the court system to resolve a dispute between parties. It involves filing a lawsuit, going through pre-trial procedures, presenting evidence, and ultimately having a judge or jury decide the outcome. Litigation can be complex and time-consuming, often requiring the expertise of lawyers specializing in this area of law. This blog post wants to give you a clear look at litigation, which is an important legal process. We will talk about what it is and the different types of legal actions it includes. You will also learn about the steps involved in this process. Additionally, we will talk about other ways to resolve disputes and how they compare to litigation. Whether you might face a lawsuit, want to know more about the court system, or just want to learn about legal proceedings, this blog will share useful information about it. Understanding the Basics of Litigation Litigation is a complex legal process. It involves many steps to settle disagreements between people or groups. Through litigation, individuals or organizations seek legal help and enforce their rights in the court system. During this process, they present evidence, share their arguments, and follow legal rules in front of a judge or jury. The decision-making in it depends on laws and past court decisions. It provides a clear way to handle various legal issues. These can include contract problems, personal injury cases, property disputes, and issues with intellectual property. Knowing how it works can help people... --- > Discover why Californians struggle with wildfire insurance claims and explore solutions to secure fair compensation. - Published: 2025-01-21 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/california-wildfires-insurance-challenges/ - Categories: Legal News California is no stranger to the devastating effects of wildfires, which have become increasingly frequent and destructive. The wildfires not only destroy homes and infrastructure but also pose a significant challenge to homeowners trying to claim insurance. Many Californians struggle to navigate the complex claims process, often finding themselves at odds with insurance companies over policy terms, exclusions, and underpayment of claims. In this blog, we will explore why Californians often fail to claim insurance amounts after wildfire disasters, the insurance policy clauses that contribute to these difficulties, and potential solutions for homeowners to successfully navigate the insurance claims process. Why Californians Struggle to Claim Insurance After Wildfire Disasters While California’s homeowners insurance policies are designed to cover fire damage, several factors complicate claims in the wake of a wildfire disaster: 1. Policy Limitations and Exclusions One of the main obstacles Californians face when attempting to claim insurance after a wildfire is policy exclusions. Standard homeowners insurance policies often contain clauses that limit coverage or exclude certain types of damage caused by wildfires. Common exclusions include: Smoke or Ash Damage: Many policies do not cover damage caused by smoke or ash unless it directly results from fire damage. This becomes a significant issue after a wildfire when properties suffer extensive smoke and ash damage, but homeowners may find that their policies do not cover these costs. Flood Coverage: Wildfires can lead to dangerous flash floods, especially after vegetation is burned away. However, homeowners often find that flood damage is not... --- > In-House Counsel, Role, Skills proactive solutions, making them key to modern business success. - Published: 2025-01-20 - Modified: 2025-01-20 - URL: https://www.volody.com/resource/in-house-counsel-in-the-digital-era/ - Categories: General Counsels In-house counsel are like the architects of a building, designing a strong foundation that supports the company’s growth and success. They work directly within the organization, providing legal support tailored to its specific needs. As businesses face an increasingly complex landscape of digital technology, regulations, and compliance challenges, the role of in-house counsel has become more vital in ensuring stability and security. Today, counsels are not only offering legal advice—they play an integral part in shaping business strategy and ensuring the company remains compliant, much like an architect ensuring that the building is both functional and resilient for years to come. Who is an In-House Counsel? Who is an In-House Counsel? An in-house counsel is a lawyer who works directly for a company instead of for an outside law firm. They handle all the company’s legal matters and provide ongoing, business-focused legal advice. Depending on the company, their title might be General Counsel, Corporate Counsel, or Legal Counsel. Unlike external lawyers who are brought in for specific projects, counsels are permanent members of the team. Because they know the company inside and out, they can offer proactive legal advice and manage legal risks before they become a problem. Related article: Who is a Chief Legal Officer (CLO)? A Powerful Legal Partner In-House Counsel: What Do They Do? In-House Counsel: What Do They Do? The council handles a wide range of tasks that keep the company legally sound and running smoothly. Here’s an overview of their key responsibilities: Legal Advisor: They... --- > Learn the essentials of contract management, including best practices, software solutions, to streamline the contract lifecycle & reduce risk. - Published: 2025-01-17 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/effective-contract-management-strategies/ - Categories: All about Contracts, Best Practices Learn the essentials of contract management, including best practices, software solutions, and strategies to streamline the contract lifecycle and reduce risk. Contracts are foundational to business operations, dictating relationships and obligations between parties. Yet, many organizations struggle with manual, outdated contract management processes that lead to inefficiencies, compliance issues, and missed opportunities. This blog will explore the importance of contract management, the challenges posed by traditional methods, and strategies for implementing effective practices. By understanding the complexities of contract management, businesses can ensure better performance, reduced risks, and improved relationships across the entire contract lifecycle. Why is Contract Management Important? Effective contract management is integral to a company's success. Contracts form the backbone of business operations, dictating the terms of relationships with customers, suppliers, partners, and employees. Without a well-structured contract management process, organizations can face costly risks, lost opportunities, and strained relationships. Here are several reasons why contract management is essential: Risk Mitigation: A well-managed contract ensures that both parties understand their obligations, reducing the risk of disputes, misunderstandings, and legal action. Financial Performance: Efficient management helps track deadlines, milestones, and payments, ensuring that contracts are executed within budget and on time. This contributes to the financial health of the organization. Improved Compliance: Contracts must comply with regulatory standards and industry laws. Contract management ensures that legal requirements are met, helping businesses avoid penalties or compliance-related issues. Better Business Relationships: Well-managed contracts lead to smoother negotiations and long-term partnerships. Clear terms and expectations help build trust between business teams and external parties. Visibility and Control: A centralized contract repository enables easy access to contract data, providing better visibility into the... --- > Streamline contracts with contract management software for government that ensures compliance and enhances transparency - Published: 2025-01-16 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-management-tool-for-government/ - Categories: All about Contracts Streamline contracts with contract management software for government that ensures compliance and enhances transparency Contract management templates are key for handling government contracts, including contract modifications. A good contract management solution, such as CLM, helps organizations track their agreements and contract performance. It makes it easy to watch for changes and meet deadlines while implementing best practices. This includes handling payments and storing documents. A trustworthy tool can save time and cut down on mistakes. It can also help teams work well together by giving easy access to important information. In the end, using the right software solution makes managing government contracts simpler and more effective. Government contracts can be quite complex. They come with strict rules that require careful attention. This is why using contract management software for government sector is the key. It helps government agencies manage the contract lifecycle effectively and take care of all the details. Understanding Government and Subcontract Contract Management Government and Subcontract Contract Management Government contract management software means managing contracts between agencies and outside organizations, including subcontractors. This process includes everything from the beginning to the end of a contract, which is called closeout. Government contracts are not like commercial ones. They have strict rules and regulations that must be followed. These contracts usually come with detailed terms, complicated pricing, and a lot of reporting requirements. Effective government contract management software is very important. It ensures transparency and accountability. It also helps to use public money properly. Agencies need to keep accurate records. They must track their obligations and deliverables. They should manage modifications well. This... --- > Discover how effective contract management can empower nonprofits to maximize resources, ensure compliance, & mitigate risks with CLM. - Published: 2025-01-15 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-management-for-nonprofits/ - Categories: All about Contracts Discover how effective contract management can empower nonprofits to maximize resources, ensure compliance, & mitigate risks with CLM. In the nonprofit sector, managing contracts effectively is essential to ensure resources are allocated efficiently, compliance is maintained, and partnerships are sustained. Nonprofits often operate with limited budgets, making contract management crucial in preventing overspending and maximizing impact. From grant agreements to vendor contracts and partnership MOUs, having a structured contract management approach helps nonprofits navigate the complexities of legal obligations, timelines, and accountability. This guide covers the essentials of contract management for nonprofits, exploring how even simple strategies can help streamline operations, ensure compliance, and build stronger relationships with stakeholders. Whether your organization is just beginning to formalize its contract processes or looking to refine existing methods, this guide will offer practical tips and tools tailored to the unique needs of non profit organizations. Understanding Contract Management in the Nonprofit Sector Contract Management in the Nonprofit Sector Nonprofits handle many important papers. They have contracts and agreements with vendors. They also have funding deals with donors. On top of that, they create memoranda of understanding with their partners. Each document shows a key relationship. Managing contracts is important. It helps keep everything running smoothly. It also makes good use of resources. This practice is key to keeping the trust and belief that nonprofits need. Defining Contract Management for Nonprofits Contract management in nonprofits is about having a clear way to handle contracts from the beginning to the end. This includes creating, negotiating, approving, storing, tracking, and reviewing contracts. Nonprofit contract management has its unique points. These groups often manage... --- > The LA fires reveal insurance challenges, from surging claims to managing liabilities, emphasizing the need for adaptability and resilience. - Published: 2025-01-15 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/insurance-liabilities-la-firestorm/ - Categories: Contract & Clause Dictionary The recent fires in Los Angeles caused widespread destruction, impacting countless residents and businesses. The devastation has brought attention to the critical role of insurance companies in disaster recovery. As California works toward rebuilding, insurers face the dual challenge of managing an unprecedented volume of claims and re-evaluating their policies to prepare for future risks. This blog explores the liabilities insurance companies now shoulder, the policies that govern their interactions with policyholders, and how innovative solutions like Volody’s CLM can offer essential support. A Surge in Insurance Claims Surge in Insurance Claims The LA fire incident, one of the most destructive in recent history, triggered an avalanche of insurance claims. Thousands of homeowners, renters, and businesses have turned to their insurers for financial relief. The spectrum of claims is broad, encompassing property damage, loss of belongings, and business interruptions. For some, health-related expenses or life insurance payouts have added to the financial toll. Insurance companies now face mounting pressures to process these claims quickly and fairly. Each case requires meticulous evaluation to ensure compliance with policy terms while addressing the urgent needs of those affected. The financial strain is unprecedented, placing a spotlight on how well insurers are equipped to handle large-scale disasters. Understanding Insurance Liabilities Understanding Liabilities Insurance liabilities refer to the financial obligations an insurer must fulfill based on policy agreements. The aftermath of the LA fire has highlighted several key areas where these liabilities are most significant: Property Damage: Insurers must compensate for destroyed or damaged residential... --- > LA faces a wildfire crisis, exposing insurance issues and infrastructure gaps, demanding urgent policy reforms - Published: 2025-01-14 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/smoke-clears-la-policy-insurance/ - Categories: All about Contracts, Legal News LA faces a wildfire crisis, exposing insurance issues and infrastructure gaps, demanding urgent policy reforms The devastating wildfires that have ravaged Los Angeles have left a trail of destruction, displacing thousands and raising pressing questions about the roles of insurance companies, government intervention, and community recovery. As homes turn to ash and neighborhoods grapple with unprecedented losses, the aftermath reveals critical gaps in preparedness, policy, and accountability. Drastic Policy Changes Before the Fires Drastic Policy Changes Before the Fires In the months leading up to the wildfires, significant changes in insurance policies left many residents vulnerable. Several insurance companies, citing increasing risks from climate change and the rising costs of wildfire claims, either withdrew coverage from high-risk areas or drastically increased premiums. Many homeowners found themselves underinsured or entirely uninsured, unable to afford the skyrocketing costs. This shift left a substantial portion of the population without a safety net. Critics argue that the lack of regulatory oversight allowed insurance providers to prioritize profits over protection, leaving residents exposed to catastrophic loss. The state’s failure to enforce affordable and comprehensive insurance options for high-risk areas is now under scrutiny. Who Will Be Taking the Responsibility? Who Will Be Taking the Responsibility? The insurance crisis in California, exacerbated by the devastating wildfires of recent years, has reached a critical juncture. With insurers withdrawing from fire-prone areas, homeowners left without adequate coverage, and economic losses mounting, the question arises: who will take responsibility for addressing this crisis? Who’s Responsible for LA’s Empty Reservoir and Low Water Pressure? LA’s Empty Reservoir and Low Water Pressure? The devastating wildfires in... --- > Discover the benefits, functions, and ethical considerations of legal AI tools in the legal profession. Explore top 8 Legal AI assistants to use in 2024. - Published: 2025-01-14 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/top-8-legal-ai-assistants-to-use-in-2024/ - Categories: AI in Legal Discover the benefits, functions, and ethical considerations of legal AI tools in the legal profession. Explore top 8 Legal AI assistants to use in 2024. The legal world is changing quickly thanks to artificial intelligence (AI). AI is helping lawyers and legal teams work faster and more accurately by automating tasks like reviewing documents and finding useful information. It can help with everything from contract management to legal research, making legal processes smoother and more efficient. As AI tools improve, they are helping legal professionals save time, reduce mistakes, and focus more on their clients' needs. In this article, we will look at some of the top AI tools in the legal field that are transforming the way legal work is done. Volody AI Lawyer Lex Machina Everlaw Ivo (Formerly known as Latch) Casetext CoCounsel Harvey Spellbook You might want to sign up for a Free contract management software 8 Leading Legal AI Tools to Transform Your Practice in 2025 In 2025, the legal tech scene will be very competitive. To stay ahead, it is important to use new tools that boost productivity and provide great legal services. Here are seven AI tools that are changing how legal work is done. They offer unmatched efficiency, accuracy, and insights to help legal professionals in this fast-changing industry. These tools make legal research easier and automate contract reviews, transforming the legal field. 1. Volody: Revolutionizing Contract Management Volody: Revolutionizing Contract Management Volody is a strong AI-based platform that aims to make contract management easier and faster. Volody uses the power of AI technology to create a complete solution for managing contracts. It helps you make new agreements... --- > Discover the top 7 legal issues in real estate, including title disputes, zoning violations, contractual errors, etc. Learn how to navigate transactions. - Published: 2025-01-13 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/legal-issue-in-real-estate-all-should-know/ - Categories: All about Contracts, Best Practices Discover the top 7 legal issues in real estate, including title disputes, zoning violations, contractual errors, etc. Learn how to navigate transactions. Navigating real estate transactions can be tough for both potential buyers and experienced investors. The legal landscape is complex. Even what looks like a simple deal can bring surprises. This helpful guide aims to give you the knowledge to handle real estate transactions with confidence. Understanding Real Estate Law and Its Importance Real estate law is a specific type of law that shapes how land and buildings can be owned, used, and transferred. It covers many topics. These include property rights, contracts, zoning rules, and environmental concerns. Knowing about real estate law is very important for anyone working on a property deal. It can help protect your rights. It can also help you avoid expensive errors and make sure the process is easy and legal. This is true whether you are buying your dream home or selling a business building. The Basics of Real Estate in the United States In the United States, the legal system recognizes various types of property ownership. These include individual ownership, joint tenancy, and ownership by entities like corporations or trusts. Each type affects property rights, taxes, and inheritance in different ways. Real estate can be divided into several categories, such as residential, commercial, industrial, and vacant land. For example, commercial real estate often has more complicated legal aspects. This includes issues related to leases, zoning, and land use. Whether you are an experienced property owner or a first-time buyer, it is important to understand these basic differences. Key Legal Frameworks Governing Real Estate Navigating... --- > Learn effective vendor negotiation strategies to secure better deals, build strong partnerships, and save costs with this beginner-friendly guide. - Published: 2025-01-10 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/vendor-negotiation-4-steps-of-success/ - Categories: All about Contracts Learn effective vendor negotiation strategies to secure better deals, build strong partnerships, and save costs with this beginner-friendly guide. Knowing how to handle vendor contracts and negotiate them can feel overwhelming, especially if you are just starting. But, using a good negotiation strategy can help businesses get the best terms. This simple guide will provide you with important knowledge and easy tips. You will feel more confident when you approach vendor negotiations and get more value for your business. Understanding Vendor Negotiation Understanding Vendor Negotiation Vendor negotiation plays a key role in business operations, shaping the terms and costs of buying goods and services. With the right strategies, businesses can secure contracts that support their goals and finances. Successful negotiations require preparation, good communication, and an understanding of the needs of both parties. These skills help businesses achieve positive outcomes and build strong, lasting supplier relationships. A good negotiation is not just about lowering costs. It’s about creating a cooperative environment where both sides feel valued and respected. This approach long-term partnerships and mutual growth. What is Vendor Negotiation? Vendor negotiation is all about finding terms that both the buyer and supplier can agree on. It’s a step-by-step process that includes talking, making offers, and counteroffers. The aim is to reach a compromise that works for everyone involved. To be good at vendor negotiation, you need strong negotiation skills. This includes good communication, active listening, and strategic thinking. Successful vendor negotiation depends on knowing how to state your needs while keeping friendly cooperation. It’s about finding common ground. This is where both sides feel listened to and valued. This... --- > Delve into the $1.3M Spectra vs. Vgyaan lawsuit, highlighting key legal principles, financial risks, & how one can prevent costly disputes in pharma. - Published: 2025-01-09 - Modified: 2025-01-09 - URL: https://www.volody.com/resource/spectra-medical-devices-vs-vgyaan-pharma/ - Categories: Legal News Delve into the $1.3M Spectra vs. Vgyaan lawsuit, highlighting key legal principles, financial risks, & how one can prevent costly disputes in pharma. The lawsuit between Spectra Medical Devices and Vgyaan Pharmaceuticals shows how important it is to keep financial promises in the drug supply chain. This case highlights how not meeting these promises can lead to costly legal issues, which can hurt the reputation of everyone involved. What’s at Stake? This legal fight is about more than just missing payments. For Spectra, not collecting money affects its cash flow. This cash flow is very important in the tough and controlled world of drugs. Vgyaan could lose trust and damage its dealings with suppliers because of the claims against it. Good relationships with suppliers are key to keeping a steady supply and meeting production needs. The money involved is very high. Spectra Medical Devices claims that Vgyaan owes more than $1. 3 million. This amount is large enough to disturb supplier operations and cause problems for their whole business. This case also brings up issues about how strong credit terms are, trust in contracts, and what legal options exist when one side does not keep its promises. Breach of Contract and Good Faith Spectra’s claims focus on two important legal ideas: breaking a contract and not acting in good faith. Contracts in the pharmaceutical field often have clear terms because the goods are worth a lot and delivery timing is crucial. When Vgyaan reportedly did not pay for the first bulk order and later orders, it not only broke the clear terms of the deal but also put at risk the unspoken agreement... --- - Published: 2025-01-08 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/who-is-an-outside-counsel-a-guide/ - Categories: General Counsels Picture a business as a race car speeding down a track, with sharp turns and obstacles ahead. The legal challenges—contracts, regulations, and disputes—are like the bumps in the road, threatening to slow it down. Some companies have in-house legal teams acting as the pit crew, handling routine maintenance and quick fixes. But when the race intensifies or a complex problem arises, they bring in specialized mechanics—outside lawyers or law firms—to fine-tune the strategy and keep the car running at full speed. What is Outside Counsel? What is Outside Counsel? Outside counsel refers to lawyers or law firms that businesses hire to provide legal advice and services from the outside. Unlike in-house counsel, who are full-time employees within a company, outside counsel is brought in temporarily or for specific projects. Companies hire outside counsel for things like: Representing them in lawsuits or arbitration Advising on compliance with laws and regulations Handling mergers and acquisitions Managing intellectual property, like patents and trademarks By offering specialized expertise, outside counsel helps businesses with legal needs that their in-house team might not have the skills or capacity to handle. Related Article: Enhancing Businesses: The Dynamic Role of In-House Counsel How Does Outside Counsel Differ from In-House Counsel? Aspect In-House Counsel Outside Counsel Employment Type Full-time employees who are part of the company External lawyers hired for specific tasks or projects. Focus Areas Handles day-to-day legal matters like contract reviews and compliance. Deals with more complex or specialized issues, like litigation or international mergers. Cost Paid... --- > Discover how a leading crypto exchange streamlined its contract management and boosted efficiency with Volody's AI-powered CLM solution. - Published: 2025-01-07 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/crypto-exchange-giant-transforms-contracts/ - Categories: Case Studies Discover how a leading crypto exchange streamlined its contract management and boosted efficiency with Volody's AI-powered CLM solution. A top cryptocurrency exchange platform was struggling to keep up with the growing complexity and volume of contracts in a fast-moving, highly regulated industry. Their manual processes and scattered storage systems led to missed deadlines, compliance risks, and frustration across teams. By adopting the Volody AI CLM platform, the crypto exchange platform elevated its contract management, reshaping the industry landscape. With a centralized repository, automated workflows, digital signatures, and compliance tracking, they streamlined their operations, improved visibility, and scaled effortlessly. Now, they can handle contracts faster and more efficiently, staying ahead in a demanding market. Who is the client? Our client is a leading cryptocurrency exchange providing services for trading, investing, and portfolio management to millions of users worldwide. They operate in an industry that’s notorious for its rapid growth, frequent changes, and strict regulatory requirements. As their business expanded, so did the complexity of the contracts they needed to manage—partnership agreements, vendor contracts, regulatory compliance documents, and customer agreements. These weren’t just a few contracts here and there; the volume was skyrocketing. Challenges Faced by The Client Challenges Faced Manual Processes: The legal and compliance teams relied on outdated, manual methods to handle contracts. There was no single system to manage the volume of paperwork; everything was scattered across emails, shared drives, and even physical documents. Not only did this lead to inefficiencies, but it also resulted in missed deadlines, errors, and excessive back-and-forth communication. Limited Visibility: Tracking important contract details like renewal dates, obligations, and compliance milestones was... --- > Explore common legal issues in the retail industry and discover effective strategies to mitigate risks and ensure smooth operations in retailing. - Published: 2025-01-06 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/4-legal-issues-in-retail-and-mitigate-risk/ - Categories: All about Contracts Explore common legal contract issues in the retail industry and discover effective strategies to mitigate risks and ensure smooth operations. The retail industry is a dynamic and complex sector that operates on a foundation of numerous legal contracts. These contracts underpin essential aspects of business operations, including supply chain management, franchise agreements, employment laws, customer data handling, lease agreements for retail stores, and sales and distribution partnerships. By establishing clear terms and conditions, contracts not only facilitate smooth business operations but also mitigate risks. However, the intricate nature of these contracts often leads to legal challenges, regulatory scrutiny, and operational disruptions that can result in reputational damage and financial losses. This blog explores the critical role of contracts in retailing, delves into the common legal challenges, outlines best practices for effective contract management, and highlights how technology, such as Contract Lifecycle Management (CLM) software, can revolutionize the retail industry’s approach to contract management. World of Retailing and Contracts World of retail and contracts In the fast-paced retail sector, contracts form the backbone of business operations, enabling the procurement of goods, leasing of physical stores, protection of intellectual property, and adherence to laws governing consumer rights and employment. Contracts also play a vital role in aligning business practices with sustainability goals, such as minimizing energy consumption, reducing greenhouse gas emissions, and promoting environmentally friendly packaging. Despite their significance, mismanagement or ambiguities in retail contracts can lead to serious issues such as legal disputes, non-compliance with consumer protection laws, cybersecurity breaches, and financial instability. With the increasing adoption of digital tools, retailers must adapt by understanding and addressing the legal challenges inherent... --- > Discover how Boys & Girls Club of San Francisco streamlined contract management with Volody boosting efficiency, accuracy, and compliance. - Published: 2025-01-03 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/boys-girls-club-of-san-francisco-clm/ - Categories: All about Contracts Discover how Boys & Girls Club of San Francisco streamlined contract management with Volody boosting efficiency, accuracy, and compliance. Volody’s AI-powered contract management software changed the way the Boys & Girls Club of San Francisco (BGCSF) handled their contracts. With Volody's AI CLM, they were able to move past simple contract signing and gain full control over their contract data. This allowed them to manage contracts more efficiently, easily access key information, and create valuable reports—all while saving time and improving their workflow. Read on to see how Volody's AI CLM helped make contract management simpler and smarter for their team. Meet the Client: Boys & Girls Club of San Francisco Boys & Girls Club of San Francisco The Boys & Girls Club of San Francisco (BGCSF) has been a cornerstone of youth development in the Bay Area, providing young people with opportunities to succeed. However, as a large organization managing a variety of contracts with schools, local governments, and vendors, BGCSF faced a big challenge—its contract management process was slow, inefficient, and outdated. That’s when they turned to Volody's AI CLM software, and the results were game-changing. In this blog, we’ll explore the problems BGCSF faced, how Volody's AI CLM software solved them, and the positive impact it had on the organization. The Challenge: Struggles with Contract Management Struggles with Contract Management BGCSF operates across San Francisco, working with a range of partners and vendors. With so many contracts to manage, BGCSF needed to stay on top of them. But their previous approach to contract management wasn’t up to the task. Here’s what BGCSF was dealing with before... --- > Explore key legal issues in logistics, such as unclear SLAs, liability disputes, & compliance challenges. Learn how a good CLM tool can reduce risks. - Published: 2025-01-02 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/legal-issues-in-logistics-transportation/ - Categories: All about Contracts Explore key legal issues in logistics, such as unclear SLAs, liability disputes, & compliance challenges. Learn how a good CLM tool can reduce risks. When you hear about logistics and transportation, what comes to mind? Maybe it’s trucks on highways, cargo ships crossing oceans, or packages arriving at your doorstep. It seems seamless, right? But there’s a complex legal world working behind the scenes to make it all happen. From contracts to compliance, navigating these legal waters is a critical part of the industry. Let’s break it down in a way that’s easy to understand and relatable. This blog looks at why legal contracts matter in logistics and transportation. It talks about common problems like unclear service level agreements (SLAs), disputes over responsibility, and meeting legal rules. It offers solutions like clear contract details, automated steps, and good ways to solve disputes. The blog stresses how strong contract management can improve work, lower risks, and help companies follow the law in the industry. Key Legal Contracts in Transport and Logistics Legal Deals in Transport and Logistics Contracts are very important in logistics and transportation. They set clear rules and duties for everyone involved. Here are some key contracts that manage the industry: Freight Contracts: These are agreements that explain how goods are moved from sellers to carriers. They include details like shipping costs, delivery times, who is responsible for damages, and how to solve problems if they arise. This helps everything run smoothly. Accessorial Contracts: These contracts cover extra services like loading, unloading, storage, and waiting fees. They include clear terms to stop any misunderstandings. This way, all extra services are properly noted. Broker-Carrier... --- > Effective contract management is crucial for hospitals to avoid legal issues, compliance risks, & costly disputes. Learn how CLM software can help. - Published: 2025-01-01 - Modified: 2025-01-01 - URL: https://www.volody.com/resource/legal-issues-in-hospital-and-healthcare/ - Categories: All about Contracts Effective contract management is crucial for hospitals to avoid legal issues, compliance risks, & costly disputes. Learn how CLM software can help. Hospitals play a vital role in healthcare. They help keep patients well and support community health. But, running a treatment center is not easy. A big challenge is managing legal contracts. These contracts are key for the hospital's work. They cover patient care agreements, supplier contracts, jobs, and insurance plans. With a tricky healthcare system, treatment centers are facing more legal problems. These issues can lead to expensive disputes, stop operations, and cause compliance risks. This blog talks about why it is important to manage legal contracts in hospitals. This includes contracts with vendors, patient care, employment, and insurance. It points out common legal problems like not following rules, unclear terms, and payment delays. It also explains how good contract management can lower risks, ensure rules are followed, and make hospital work better. Types of Legal Contracts in Hospitals Hospitals handle many legal contracts each day. They work with vendors, suppliers, and insurance providers. They also deal with employee relations and patient care. Knowing the different kinds of contracts hospitals need is important for reducing legal risks. 1. Vendor Contracts in Health center Vendor Contracts in Health Center Vendor contracts are important for hospitals. They create connections with suppliers that provide medical equipment, medicine, and services needed for daily work. These contracts usually cover delivery times, prices, service standards, and quality guidelines. Challenges come up when vendors do not meet their contracts, like late deliveries or poor-quality products. These problems can affect how healthcare workers work and harm patient care.... --- > Explore key legal issues in SaaS agreements, including data security, IP, compliance, & dispute resolution, & learn how CLM tools can mitigate risks. - Published: 2024-12-31 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/top-10-legal-issues-in-saas-industry/ - Categories: All about Contracts Explore key legal issues in SaaS agreements, including data security, IP, compliance, & dispute resolution, & learn how CLM tools can mitigate risks. Software-as-a-service (SaaS) has changed how businesses work by giving them flexibility and the ability to grow their software solutions. But as SaaS becomes more popular, the legal problems with its agreements are increasing too. SaaS contracts are important for setting the rules, security steps, data safety, and following laws. Since these contracts affect how the service provider and customer relate, it is important to know the possible legal risks. This blog talks about important legal agreements in the SaaS industry. It points out common legal issues like data safety, property rights, and following rules. It highlights how managing contracts can help lower risks and make sure there are clear and fair deals between providers and customers. What is SaaS? SaaS SaaS (Software-as-a-Service) means software that you can use over the internet. This way, you do not need to install or manage software on your own devices. You can access the software whenever you need it. You don’t have to worry about taking care of hardware or servers. This model is a good and cheaper choice compared to old software. SaaS gives you more flexibility, quicker setup, and automatic updates. It changes how businesses handle their software needs. What are SaaS Agreements? A SaaS agreement is a legal contract between a SaaS provider and a customer. It explains the rules of service, duties, data privacy, security, and other important details of their relationship. These agreements show the pricing plans and how to handle data. They also outline the rights and responsibilities... --- > Explore 5 effective obligation management strategies to avoid pitfalls, enhance compliance, & build stronger vendor relationships for success. - Published: 2024-12-30 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/5-tips-for-contract-obligation-management/ - Categories: All about Contracts Explore 5 effective obligation management strategies to avoid pitfalls, enhance compliance, & build stronger vendor relationships for success. Imagine navigating a busy highway where every exit and turn represents a contractual obligation. Missing one could mean delays, fines, or even reputational damage. That’s where contract obligation management comes in—it’s about keeping track of every promise made within a contract and ensuring both parties fulfill their duties on time. It's not just about meeting deadlines; it’s about proactively managing responsibilities, identifying risks, and maximizing opportunities for better outcomes. Effective contract obligation management helps businesses avoid costly mistakes, build stronger relationships, and ultimately drive long-term success. This blog explores the key components of contract obligation management, including strategies for preventing auto-renewals, enhancing risk mitigation, ensuring discounts are claimed, and building strong vendor relationships. We’ll also highlight how contract lifecycle management software can streamline these processes for greater efficiency. Understanding Contract Obligation Management What are Contractual Obligations? Contract obligation management means keeping an eye on and handling the promises made in a contract. This involves finding, watching, and finishing the tasks that both parties agree to. Good contract obligation management does more than just stick to deadlines. It requires being proactive so everyone knows their roles. This practice helps lower risks and enables us to grab chances for better value. This way is key to forming strong business relationships, preventing expensive errors, and achieving positive results for all parties involved. Contract management changes from being something you do after issues arise to a key tool for reaching business goals. When companies include contract duties in daily tasks, they can make their... --- > Learn how PPG Asian Paints improved contract management efficiency and compliance with Volody's AI-powered CLM platform. - Published: 2024-12-27 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/volodys-ai-clm-transform-ppg-asian-paints/ - Categories: All about Contracts Learn how PPG Asian Paints improved contract management efficiency and compliance with Volody's AI-powered CLM platform. Let’s dive into the journey of how PPG Asian Paints overcame their contract management woes with Volody's AI CLM. By addressing their challenges head-on and providing innovative solutions, Volody's AI CLM helped PPG Asian Paints completely transform its approach to contracts. Meet the Client: PPG Asian Paints Managing contracts is not a small task, especially when you’re a global leader like PPG Asian Paints. A joint venture between PPG Inc. and Asian Paints Ltd. , this company has been a pioneer in the coatings industry since 1997. From automotive to industrial and marine to packaging, PPG Asian Paints has built a stellar reputation for delivering high-quality products and solutions across diverse sectors. Despite their impressive growth and market leadership, they faced a critical challenge: managing contracts efficiently across their operations. It wasn’t just about storing documents—it was about visibility, speed, and data-driven insights, all of which were missing in their existing system. Understanding the Challenges: Why Contract Management Was a Struggle Why Contract Management Was a Struggle PPG Asian Paints handles a massive volume of contracts. From supplier agreements to partnerships and compliance documentation, their contracts are integral to their day-to-day operations. However, their existing system was falling short in several key areas, causing inefficiencies and bottlenecks. Here’s what they were up against: 1. Stuck in the Execution Phase Their previous platform was limited—it only managed the execution phase of contracts. While it helped with things like document storage and tracking, it offered no support for the earlier stages like... --- > Contract Management Software for Sales. Simplify your sales process, streamline workflows, and better decision-making to close more deals. - Published: 2024-12-26 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-management-software-for-sales/ - Categories: Sales & Legal Contract Management Software for Sales. Simplify your sales process, streamline workflows, and better decision-making to close more deals. Contract management software for sales helps sales teams work more efficiently and close deals faster. It simplifies the process of creating, negotiating, and signing contracts, making it easier to manage many agreements at once. With features like automated workflows, version tracking, and e-signatures, sales teams save time and reduce mistakes. This allows them to focus more on building relationships and driving revenue instead of dealing with paperwork. The software also ensures contracts meet company and legal standards. It keeps contracts organized and easy to find, so teams can stay on track, meet deadlines, and manage renewals more effectively. Understanding Sales Contract Management Understanding Sales Contract Management Contract management is how we deal with legal agreements, called contracts, from beginning to end. This includes writing, negotiating, signing, managing, and finally renewing or ending the contract. Good contract management helps make sure agreements are legal, lowers risks, and benefits everyone involved. The contract lifecycle includes all the steps a contract goes through from start to finish. It's important to know the details of each step for a successful contract management plan. The Role of Contract Management in Sales Contract management is very important in the sales process. Sales contracts are key for any business. They define the relationship between a company and its customers. A good contract management system helps make sure that sales agreements are made quickly. It checks them carefully to avoid any legal issues. Also, it gets the right approvals and keeps track of deadlines and requirements. By improving... --- > Volody’s AI CLM transformed contract management for a large conglomerate, improving efficiency, compliance, and visibility. - Published: 2024-12-25 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/transforms-global-conglomerate/ - Categories: Case Studies Volody’s AI CLM transformed contract management for a large conglomerate, improving efficiency, compliance, and visibility. This blog shares the story of how a large conglomerate, operating in industries like cement, sugar, and power, transformed their contract management process with Volody’s AI-powered CLM software. Managing contracts across multiple sectors was becoming increasingly complex, and their old system just couldn’t keep up. It breaks down the key challenges they faced, like dealing with manual processes, slow contract approvals, and compliance headaches. Things were inefficient, and contracts were often delayed or inconsistent. To fix these issues, they turned to Volody’s AI CLM software—a solution designed to handle every step of the contract process, from drafting to execution and storage. With Volody’s help, the company saw huge improvements. Contract drafting became 40% faster with ready-to-use templates, approval times dropped by 35% thanks to automated workflows, and compliance was no longer a worry. The blog highlights how Volody’s AI CLM not only solved their immediate challenges but also helped them work smarter, save time, and operate more effectively. Who is the Client? Founded in 1939, this leading conglomerate established a strong presence in industries such as cement, sugar, and refractories. They operate across multiple locations and are known for their focus on sustainability and innovation. Particularly prominent in cement manufacturing, the organization is among the top producers in the country and has set ambitious goals for environmental responsibility, including achieving carbon negativity by 2040. With a diversified portfolio and a commitment to long-term value creation, it has earned a reputation as a trusted name in the industry. Challenges Faced: The... --- > Discover the key roles in in-house legal counsel teams and their responsibilities. A must-read guide for businesses and aspiring legal professionals. - Published: 2024-12-24 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/legal-counsel-titles-and-functions/ - Categories: General Counsels Discover the key roles in in-house legal counsel teams and their responsibilities. A must-read guide for businesses and aspiring legal professionals. Think of an in-house legal team as the engine of a well-oiled machine, keeping everything running smoothly and ensuring every part works in harmony. Just like an engine powers a vehicle, legal teams drive businesses forward by solving complex legal challenges, ensuring compliance with regulations, minimizing risks, and aligning legal strategies with the company’s broader goals. Whether you’re assembling the engine of your own company by building a legal team or considering a career as an in-house lawyer, it’s essential to understand the key components of this machine. Each role within the legal department plays a vital part, contributing to the business’s success. In this guide, we’ll break down the main in-house counsel roles, explain their responsibilities, and show how each one fits into the bigger picture—keeping the legal jargon to a minimum. Mapping Legal Careers: From Roles to Salaries Mapping Legal Careers: From Roles to Salaries Role Responsibilities Years of Experience Average Salary Range (USD) General Counsel (GC) - Oversee legal department - Advise leadership on risks - Manage disputes and negotiations - Ensure regulatory compliance 15+ years $375,000 – $1,103,000 Chief Legal Officer (CLO) - Align legal strategy - Lead corporate governance - Oversee all legal functions - Advise the executive team 15+ years $375,000 – $1,103,000 Deputy General Counsel (DGC) - Support General Counsel - Manage legal projects - Oversee compliance and contracts - Mentor senior team 12–15 years $158,000 – $442,000 Associate General Counsel (AGC) - Handle specialized areas - Provide business advice - Draft complex... --- > This blog speaks about the different between an in-house counsel and outside counsel. Roles and responsibilities explained. Make informed choice. - Published: 2024-12-23 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/difference-outside-and-in-house-counsel/ - Categories: General Counsels This blog speaks about the different between an in-house counsel and outside counsel. Roles and responsibilities explained. Make informed choice. Running a business is like steering a ship through ever-changing waters, where unexpected storms and obstacles can pop up at any moment. To navigate these challenges, you need a reliable crew to help you stay on course. In-house counsel is like your ship’s crew, always on board and ready to handle day-to-day operations, keeping everything running smoothly and addressing smaller issues as they arise. But when a powerful storm hits or a tricky situation arises, you bring in outside counsel—the experienced navigators or specialists—who come aboard to offer expert guidance and help you sail through the toughest challenges. Together, they ensure your journey is successful and your business stays on track. So, how do you figure out which one is the best fit for your business? Let’s break down what each type does and how they complement each other to simplify your legal processes. Who are Outside Counsel and In-House Counsel? What’s the Difference Between Outside and Corporate Counsel? Outside Counsel: Legal Experts You Hire When Needed Outside counsel are external lawyers or law firms you bring in for specific needs. They’re usually specialists in areas like intellectual property, litigation, or tax law, and they step in when you’re dealing with complex or high-stakes legal matters. Think of them as the experts you call when a particular challenge pops up. In-House Counsel: Your Company’s Go-To Legal Team In-house counsel, on the other hand, are lawyers who work directly for your company. They’re part of your team and handle the day-to-day... --- > Discover the essentials of how to review a contract effectively, avoid risks, and protect your business with our contract review tips and checklist. - Published: 2024-12-20 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/how-to-review-a-contract-tips-for-success/ - Categories: All about Contracts Discover the essentials of how to review a contract effectively, avoid risks, and protect your business with our contract review tips and checklist. Review a contract carefully to ensure that all terms and conditions are clear and fair, and protect your business. A good contract review helps you spot risks, understand your obligations, and ensure the agreement supports your business goals. Whether you're in a legal team or a contract manager role, understanding the review process can help avoid problems and lead to better partnerships. In this blog, we’ll cover the basics of a contract review, common mistakes to avoid, and tips to make the process easier. We’ll also look at how using AI-powered tools like Volody can help speed up reviews and reduce risks. What is Contract Review? What is Contract Review? A contract review means looking carefully at all the terms and conditions in a contract. It is a crucial step to take before you sign any agreement. This process helps you find potential risks. It also makes sure everything is clear and protects the interests of everyone involved. During this process, each document is looked at closely to identify best practices, including a comprehensive contract review checklist. The goal is to make sure it has all the important parts, is error-free, and matches the terms we agreed on. A good contract review helps businesses avoid possible disagreements. It also creates a solid base for successful partnerships. Key Objectives of Conducting a Contract Review A thorough contract review focuses on finding potential risks that might harm your business. It looks for the most important things like unclear agreement language, bad clauses,... --- > Discover hospitality contract management, including best practices, common challenges, & how contract management software can reduce risks. - Published: 2024-12-19 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/hospitality-contract-management-software/ - Categories: All about Contracts Discover hospitality contract management, including best practices, common challenges, & how contract management software can reduce risks. The hospitality industry revolves around delivering smooth operations and exceptional guest experiences. Managing contracts with vendors, suppliers, and service providers plays a significant role in achieving this. These agreements outline expectations, ensure timely execution, and mitigate potential risks. However, contracts manually can be time-consuming, leading to missed deadlines and compliance issues. This is where hospitality contract management software steps in, processes, and ensures all stages of the contract lifecycle—creation, negotiation, execution, and renewal—are managed efficiently. This blog will explore the essentials of hospitality contract management, including its importance, common challenges, and best practices. It will also cover different types of agreements used in the industry and how a central system can enhance compliance, reduce risks, and optimize vendor relationships. Finally, we will discuss how automation like contract management software can transform hospitality contract management for better efficiency and profitability. Understanding the Basics of Hospitality Contract Management Understanding the Basics of Hospitality Contract Management Hospitality contract management is about managing agreements with different people and groups. It is important to set clear rules for agreements. This means listing out what each party expects and what they have to do. Timely execution and keeping track of the agreements are also key parts of this process. Good hospitality contract management helps everyone involved stay aligned, which lowers the chances of confusion or problems. A good hospitality contract management process has many benefits, such as: Lower Risks: Clear terms in agreements help cut down the chances of arguments and legal issues. Better Compliance: A... --- > Learn about key contract terms, including expressed and implied terms, to protect your business. Understand pitfalls & how to manage contracts. - Published: 2024-12-18 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/mastering-contract-terms-your-guide/ - Categories: All about Contracts Learn about key contract terms, including expressed and implied terms, to protect your business. Understand pitfalls & how to manage contracts. Contracts are very important for business deals, especially concerning intellectual property rights. They explain the rights and duties of the contracting parties involved. Knowing the terms of a contract is key because it helps you navigate the tricky legal system. Every detail, from clear rules to implied ones, is important to make a contract valid and enforceable. For Contract management, many tools, and technologies make things easier. They help to make sure everyone follows legal rules in many areas. Avoiding common mistakes, like misunderstandings or incorrect terms, is crucial. This practice protects everyone from legal issues. When you know contract terms well, businesses can build strong foundations for good deals and manage risks better. Let’s look more closely at the contract terms and their details. Understanding Contract Terms Understanding Contract Terms Contract terms are important for any legal agreement. They tell what each side needs to do or not do. These terms include payment, delivery, performance, and confidentiality. It's necessary to understand these terms for business transactions to succeed. Think of contract terms as the building blocks of an agreement. A building requires a strong foundation and a clear design. In the same way, a contract needs clear terms to function properly and be upheld. Not knowing these terms can create issues. It may cause disputes, hold things up, lead to lost money, and damage your business image. Definition of Contract Terms Terms of the contract are the rules and details that outline the rights and duties of all parties... --- > Contract management software for finance team offers a centralized system to manage agreements, & ensure compliance across all operations. - Published: 2024-12-17 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-management-software-for-finance/ - Categories: All about Contracts Contract management software for finance team offers a centralized system to manage agreements, & ensure compliance across all operations. Contract management software for finance is very important. It helps financial organizations work better and lower their risks. By using contract lifecycle management, businesses can realize the contract management software for finance benefits of making their processes easier, allowing them to focus on strategic tasks. This ensures they follow their contractual obligations and truly forecast their financial commitments. These solutions create a centralized place for all agreement information. This way, different teams can easily work together. It provides a single source of truth for all agreement data. From creating agreements to getting approvals and digital signatures, Contract management software for finance gives complete control over the contract lifecycle. This helps reduce the risk of errors and makes sure agreements are renewed on time. Understanding Contract Management in Finance Understanding Contract Management in Finance Contract management software for finance means watching over all parts of an agreement's life. This starts from making and negotiating the agreement to carrying it out, keeping track of changes, renewals, and ending it. This includes deals with vendors, customers, partners, and employees. A financial contract management solution ensures good management, makes sure rules are followed, lowers risks, and gets the best financial results. It is not just about storing documents; it is about using agreement data for smarter financial decisions. The Importance of Contract Management In finance, careful contract management for finance is very important. It affects how healthy an organization's finances are. First, it helps reduce risk by managing the entire contract process. By keeping... --- > Explore the role of a Chief Legal Officer (CLO), including key responsibilities, skills, salary, & how they guide organizations through legal challenges. - Published: 2024-12-16 - Modified: 2024-12-16 - URL: https://www.volody.com/resource/who-is-a-chief-legal-officer-clo/ - Categories: General Counsels Explore the role of a Chief Legal Officer (CLO), including key responsibilities, skills, salary, & how they guide organizations through legal challenges. Imagine a ship sailing through rough seas, with strong winds of change and waves of rules trying to steer it off course. The Chief Legal Officer (CLO) is like the captain of the ship, carefully navigating through these challenges. They keep a watchful eye on the horizon, ensuring the ship stays on course. They play a key role in guiding the company. They help the organization stay on track, ensuring it meets legal and ethical standards. This blog will explore the CLO’s main responsibilities and the skills needed for the role. We’ll look at how they lead the organization through legal and ethical challenges. What is a Chief Legal Officer (CLO)? What is a Chief Legal Officer (CLO)? A Chief Legal Officer is the senior executive in charge of managing a company’s legal matters and ensuring that it follows all laws and regulations. In addition to handling legal issues, the CLO works to align legal strategies with the company’s business goals, reduce risks, and encourage ethical behavior. Their main responsibilities include managing contracts, intellectual property, lawsuits, corporate governance, and regulatory compliance. They also oversee internal legal teams, work with outside legal advisors and the General Counsel, and manage the company’s legal budget. The CLO reports directly to the CEO or the board of directors. They are responsible for making sure that legal aspects are considered in all important decisions. They combine their legal knowledge with business strategies to help the company grow and remain strong in the long term. Their... --- > Learn how effective contract management enhances procurement, reduces risks, and boosts efficiency. Explore strategies, and best practices. - Published: 2024-12-13 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-management-for-procurement/ - Categories: All about Contracts, Legal & Procurement Learn how effective contract management enhances procurement, reduces risks, and boosts efficiency. Explore strategies, and best practices. Imagine you're building a house. You wouldn't start without a solid blueprint, right? The same goes for procurement contract management. Just like a well-planned blueprint guides every step of construction, a well-managed contract ensures that everything runs smoothly from start to finish. Whether it's negotiating terms, tracking performance, or renewing agreements, a structured approach to contract management in procurement helps businesses avoid pitfalls and build strong, lasting relationships with suppliers. In this article, we’ll explore the key stages of the procurement contract lifecycle and how a smart strategy can make all the difference in achieving success. Understanding Contract Management in Procurement Contract lifecycle management in procurement means managing contracts from start to finish. It includes every stage of a contract, such as drafting, negotiating, signing, monitoring, and renewing or ending contracts. A structured approach helps procurement teams manage supplier agreements clearly and effectively. It ensures contracts are well-defined and properly executed. This approach also keeps supplier agreements aligned with the organization’s goals. By staying organized, procurement teams can build stronger relationships with suppliers. Clear agreements create trust and transparency. This reduces the chances of disputes or misunderstandings. A solid process leads to better results and smoother collaboration. The Role of Procurement in Contract Management The Role of Procurement in Contract Management Procurement plays a key role in managing contracts well. It starts with choosing the right suppliers and building strong relationships. Procurement teams set up solid processes from the beginning to ensure smooth contract execution. Contract management begins during the... --- > Enhance contract management in the media and entertainment industry with CLM software. Improve compliance, efficiency, and protect your IP. - Published: 2024-12-12 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-management-media-entertainment/ - Categories: All about Contracts Enhance contract management in the media and entertainment industry with CLM software. Improve compliance, efficiency, and protect your IP. Contract Management Software in Media & Entertainment is important for keeping things running smoothly in creative projects. Creativity is key in this industry, but clear contracts are what lay out the rights and duties of actors, musicians, production teams, and distributors. If contracts are not well managed, it can lead to delays, legal issues, or lost chances. This article looks at the basics of contract lifecycle management in the media and entertainment field. It talks about the different kinds of contracts and shows how contract lifecycle management in media and entertainment can improve the way things work and ensure rules are followed during the process. Contracting in Media & Entertainment Contracting in Media & Entertainment Contract Lifecycle Management is important for media and entertainment companies. It helps them follow their contracts easily. By keeping contracts in a secure digital repository, contract management software allows easy access to key details like terms, deadlines, and obligations. These automated systems lower the chance of mistakes. They also make sure that rules about things like property rights and licensing are followed. The alerts and insights from the contract management software for media & entertainment help find compliance risks. They especially watch for missed renewal dates and non-compliant clauses. This helps lower the chance of expensive breaches, which can cost about $220,000 more than other types of breaches. Also, audit trails and strong data security features in the software help organizations stay accountable and protect important contract data. This makes contract lifecycle management in media... --- > Learn why real estate contract management software is a must-have for tracking deadlines, automating tasks, and ensuring regulatory compliance. - Published: 2024-12-11 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/real-estate-contract-management-software/ - Categories: All about Contracts Learn why real estate contract management software is a must-have for tracking deadlines, automating tasks, and ensuring regulatory compliance. Managing contracts is very important in the real estate business. This includes lease agreements and purchase agreements. The process has several steps. First, you create and negotiate the contract. Then, you sign it, monitor it, and renew it when necessary. Some key tasks are drafting contracts, ensuring compliance with compliance requirements, tracking deadlines, and getting signatures. A good contract management system can help reduce risks, improve compliance, and build better client relationships. If a business does not have a solid system in place, it might face missed deadlines, legal problems, and expensive errors. In this guide, we will look at the basics of Real Estate contract management software. We will see how using a good system can make operations easier, reduce risks, and increase profits. Understanding Real Estate Contract Management Understanding Real Estate Contract Management Real estate contract management includes every part of a contract. It starts with making and talking about the contract. After that, it moves on to signing, watching, and renewing it. There are many tasks involved, such as creating and reviewing contracts. It also includes getting e-signatures, keeping track of deadlines, and making sure everything follows the rules. Effective contract management is very important in the real estate industry. It helps reduce risks, follow rules, and build strong client relationships. If a company lacks a good Real estate contract management system, it can get into trouble. This can lead to missed deadlines, expensive mistakes, or legal issues. The Essentials of Contract Management in Real Estate In... --- - Published: 2024-12-10 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/education-contract-management-software/ - Categories: All about Contracts, Legal & Procurement Schools and universities are no longer just focused on education—they now work like large organizations with many responsibilities. One of their biggest challenges is managing contracts, such as vendor agreements, licensing deals, research partnerships, and service contracts. These contracts often have strict deadlines, legal rules, and detailed terms, making them time-consuming to handle. Contract management software solves these problems by automating tasks and replacing old manual systems with a simple, centralized platform. It helps save time, ensures compliance with rules, reduces risks, and makes teamwork easier. This article looks at how contract management software is helping schools and universities. It explains the challenges these institutions face, the software’s key features, and the benefits it provides. Whether schools want to save time, stay compliant, or work better together, this software offers solutions tailored to their needs. How Does Contract Management Help Educational Institutions? How Does Contract Management Help Educational Institutions? Contract Management Software is a powerful tool that helps schools and universities manage contracts from start to finish. Instead of using manual methods, this software offers a single platform where contracts can be created, stored, tracked, and analyzed. Switching to a digital system makes the process smoother and ensures tasks are done more accurately and efficiently. Schools and universities often handle many different contracts, like agreements with suppliers or research partnerships with other organizations. A centralized system keeps all these contracts organized and easy to access, reducing administrative work and boosting productivity. Enhancing Compliance and Risk Management Schools and universities manage... --- > Dive into the world of central repository for contracts with our detailed guide. Explore the fundamentals of this essential concept. - Published: 2024-12-09 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-a-central-repository/ - Categories: Best Practices Dive into the world of central repository for contracts with our detailed guide. Explore the fundamentals of this essential concept. Step into our detailed exploration of the central contract repository with our comprehensive guide. Throughout this blog, we'll delve into the fundamental concepts, significance, and practical applications of central repositories. From understanding their basics to harnessing their power for effective change management, we'll cover it all. Discover how central repositories ensure data security, foster collaboration, and offer essential tools for seamless operations. Dive into troubleshooting common issues and uncover the myriad advantages of incorporating central repositories into your organization's workflow. Whether you're new or want to learn more, this guide will help you understand how to use central repositories to their fullest in your organization. What is a Central Repository? A central repository is a singular storage location for all data within an organization. It uses a central repository model, where all assets such as code, documents, and other files, are kept in one central place. The central repository serves as a single source of truth, providing a centralized and authoritative version of the data. This ensures consistency and eliminates the need for multiple copies of the same data. Central repositories are essential for efficient data management and promoting a unified approach to version control. Comparison with Distributed Repositories Central repositories differ from distributed repositories in terms of their architecture and data management approach. Central repositories keep everything in one place, but distributed repositories let you have many copies of the repository, and each one has all the project's history. In distributed repositories, developers can work independently and commit changes... --- > Learn about the legality of eSignatures in India under the Information Technology Act, 2000. Discover how they work, their types, & legal compliance. - Published: 2024-12-06 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/esign-legal-in-india-all-about-esignature/ - Categories: Contract Signing Learn about the legality of eSignatures in India under the Information Technology Act, 2000. Discover how they work, their types, & legal compliance. Electronic signatures, or eSign, have changed how we create agreements and verify documents online. People and businesses in India need to know the legal rules about eSign. The Information Technology Act, of 2000, outlines these rules. Understanding eSign is key to staying legal and making sure agreements can be enforced. eSignatures make it easier and safer to handle digital documents. Explore the eSign landscape in India to learn about its legality, how it works, and the benefits it brings for an easy and safe signing process. In this blog, we will explore the legality of e-signatures in India and determine whether electronic signatures hold legal validity. Understanding eSignatures Understanding eSignatures Electronic signatures, or eSignatures, indicate that someone agrees to the terms of an online document. They are not the same as regular signatures. eSignatures use digital methods for creating, signing, and managing documents. This means you don't have to be present in person or use paper. e-Signatures make work simpler and cuts down the need for paper documents. They also help speed up the processing of agreements. Defining Electronic Signatures and Their Functionality Electronic signatures offer different ways to sign a document online. They use electronics to verify who the signer is and to keep the signature secure. One way to do this is with digital signatures that use code. Other methods include checking fingerprints or sending a one-time password to the signer's email address or phone number. An electronic signature works like a handwritten signature on the internet. It... --- > Automating contract workflow can improve efficiency, reduce errors, & speed up approvals. Discover steps to streamline your contract management. - Published: 2024-12-05 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-contract-workflow-why-automate/ - Categories: All about Contracts Automating contract workflow can improve efficiency, reduce errors, & speed up approvals. Discover steps to streamline your contract management. Think about planning a group trip. You’d need everyone to agree on dates, destinations, and budgets—but doing it over endless text threads can get chaotic fast. Now imagine a tool that organizes everyone’s input, keeps track of decisions, and nudges people when it’s their turn to respond. That’s essentially what a contract workflow does, but for business agreements. Managing contracts doesn’t have to feel like herding cats. Automating approvals makes the process smoother, faster, and way less stressful. It cuts down on errors, keeps everyone in the loop, and helps make sure nothing important slips through the cracks. In this post, we’ll unpack what contract workflows are, explain how automation can make a huge difference, and give you a straightforward guide to get started. By the end, you’ll see how a few simple changes can transform the way you manage contracts. Understanding Contract Workflow Understanding Contract Workflow Contract workflow is a clear set of steps for creating, negotiating, approving, signing, and managing contracts in a company. It covers all parts of a contract’s life, from starting to renewing or ending it. A strong contract workflow shows the roles and duties of everyone involved. This helps them work together smoothly and reduces delays. This organized method helps businesses improve their contract work, lower risks, and follow legal and company rules. Defining Contract Workflow and Its Importance Contract workflow, also known as contract lifecycle management (CLM), is a way to manage contracts from start to finish. It shows all the steps needed,... --- > Discover the role of a General Counsel (GC), their responsibilities, skills, career path, salary, & how they guide businesses through legal challenges. - Published: 2024-12-04 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/role-of-a-general-counsel-what-does-gc-do/ - Categories: General Counsels Discover the role of a General Counsel (GC), their responsibilities, skills, career path, salary, & how they guide businesses through legal challenges. Think of a General Counsel as the captain of a ship navigating through stormy legal waters. Just like a captain ensures the safety of their crew and keeps the ship on course, a General Counsel guides a company’s leadership, helping them avoid legal pitfalls and steer toward success. They act as the go-to legal expert, ensuring the business stays compliant with laws while minimizing risks. In this article, we’ll explore what a General Counsel does, their key roles and responsibilities, the path to becoming one, their expected salary, and what a typical day looks like in this vital position. Understanding the General Counsel Position Understanding the General Counsel Position The role of the General Counsel is now more important than ever. Businesses face many changing laws and rules today. In the past, GCs only reacted to legal issues when they came up. Now, modern GCs need to be proactive and provide strategic advice. They are key members of the leadership team. They help shape the business strategy, find and reduce legal risks, and encourage ethical behavior and compliance. Definition and Key Responsibilities The General Counsel, also known as the chief legal officer (CLO), is a top executive. They lead the legal department and provide important legal advice for a company. The GC manages all legal issues the organization may face. This includes contract negotiations, protecting intellectual property, following regulatory compliance, and handling litigation. Their tasks are wide-ranging. They advise the board of directors and the CEO on legal matters. They... --- > Simplify contract drafting with this guide, providing practical tips for creating legally valid, clear agreements using automation and best practices. - Published: 2024-12-03 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-drafting-made-easy-tips/ - Categories: All about Contracts, Contracting Tips Simplify contract drafting with this guide, providing practical tips for creating legally valid, clear agreements using automation and best practices. Contracts are essential for setting clear expectations and protecting both parties in any agreement, whether for business or personal matters. They help clarify the terms of a deal and provide a way to resolve issues if they arise. However, writing a contract can be tricky, and without the right knowledge, mistakes can happen. In this blog, we will walk you through the basics of contract drafting, providing tips to help you create clear and simple agreements. Whether you’re new to drafting contracts or looking to improve your skills, this guide will offer practical advice to help you avoid common mistakes and ensure your agreements work for everyone involved. What is a contract? What is a contract? that the law treats as a binding agreement between two or more people. It lays out the terms of an agreement and shows the obligations of each party. For an agreement to be effective, it must follow specific rules to be enforceable by law. An agreement usually needs to be written down. Sometimes, oral contracts are okay in some cases. All parties involved must want to make a legal deal. There also has to be an exchange of something valuable, known as “consideration. ” This could be money, items, services, or even a promise to do something or not do something. An agreement shows a “meeting of the minds. ” This means each person understands and agrees to the terms. This makes it a legal agreement. Related Article: How to Simplify Contract Approvals? A... --- > Discover what contract lifecycle management is, its stages, key benefits, and how CLM software can help streamline processes for your business. - Published: 2024-12-02 - Modified: 2024-12-02 - URL: https://www.volody.com/resource/what-is-contract-lifecycle-management-clm/ - Categories: All about Contracts Discover what contract lifecycle management is, its stages, key benefits, and how CLM software can help streamline processes for your business. Contract lifecycle management (CLM) is a way to manage contracts from the beginning to the end. This process uses tools and contract lifecycle management software to make the whole contract process easier and faster. CLM solutions use artificial intelligence and machine learning to improve agreement performance. They also help ensure rules are followed and lower risks. Companies use contract lifecycle management systems to centralize contract data, gain better visibility, and speed up contract cycles. In this blog, we will explore why contract lifecycle management is important, what it includes, and its benefits. Defining Contract Lifecycle Management (CLM) Contract lifecycle management (CLM) is all about managing agreements in a smart way. It starts from when you create an agreement and goes all the way to when it's signed. This helps ensure that agreements are followed and that organizations get the most value from them. Contract lifecycle management includes the whole contract process, like making agreements, running them, and keeping track of them. To do this effectively, companies use contract lifecycle management software and contract management software. These tools help organize data and improve agreement performance. The contracting process involves things like contract execution and administration. They also use features like electronic signatures and workflow automation to make things easier. By putting all key agreement data in one place, contract lifecycle management systems become a source of truth for teams. This improves transparency and scalability, making it easier for all. The Evolution and Purpose of CLM Contract management has changed a lot... --- > Explore contract analysis, its process, and AI-powered tools to simplify legal reviews. Discover expert insights with Volody. - Published: 2024-11-29 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-contract-analysis/ - Categories: All about Contracts Explore contract analysis, its process, and AI-powered tools to simplify legal reviews. Discover expert insights with Volody. Contract analysis is an important part of managing agreements. It helps businesses understand the details of contracts and make sure they follow legal and business rules. By reviewing contracts carefully, companies can spot key terms, manage responsibilities, reduce risks, and stay compliant with laws. This process not only protects the business but also helps make better decisions and improve operations. This blog explains why contract analysis matters. It offers a clear guide on how to analyze contracts, the common challenges in the process, and ways to overcome them. You'll also find a step-by-step approach to effective contract analysis and tips for documenting and reporting your findings. Defining Contract Analysis in Modern Business Contract analysis means more than just skimming through legal documents. It is a careful way to understand the relevant information and details of your agreements. You need to find important parts, check for potential risks, and make sure you follow all the needed rules. Businesses use CLM software to handle complicated agreements and manage them better. This software helps find specific clauses within these valuable documents, keep an eye on deadlines, and point out possible problems. By doing this, makes agreement management more effective. Related Article: What is Contract Management Software? Overcoming Challenges in Contract Analysis Overcoming Challenges in Contract Analysis Contract analysis is very helpful, but it does come with some challenges related to contract terms. Companies often deal with many business agreements. These agreements can have complicated legal terms and may also have inconsistencies within them.... --- > A contract repository is a secure digital space where all your contracts are stored, organized, and easily accessible. - Published: 2024-11-28 - Modified: 2024-11-28 - URL: https://www.volody.com/resource/what-is-contract-repository-how-it-work/ - Categories: All about Contracts A contract repository is a secure digital space where all your contracts are stored, organized, and easily accessible. Contract Repository: Definition A contract repository is a centralized, secure storage system where an organization’s contracts and related documents are stored, organized, and managed. A contract repository serves as a central source for all contract data, making it simpler to access, track, and manage contract details through each stage of their lifecycle. By keeping all contract information in one place, it boosts compliance, security, and efficiency. This setup helps ensure that contracts are organized and not misplaced. It also enhances visibility into contract data, performance, and renewal dates, ultimately improving business operations and decision-making. According to EY's findings 49% say they lack a defined process for storing contracts after execution. The Problems for Poorly Organized Contracts A lack of structured contract management can lead to significant challenges for any business. Without clear organization and well-defined processes, contracts become harder to track, manage, and access when needed. This inefficiency increases the risk of missed deadlines, overlooked obligations, non-compliance, and exposure of sensitive data. Poor contract management and lack of visibility into contractual obligations can result in inconsistent terms, overlooked sensitive information, & lead to disputes, misunderstandings, or unfavorable agreements. By adopting a streamlined, well-structured contract system, businesses can mitigate these risks, improve operational efficiency, and ensure smoother operations across departments. Some of the main challenges of using a contract management repository that is not truly data-driven, include: Missed Deadlines and Renewals Disorganized contracts increase the likelihood of missed renewal dates, leading to unwanted automatic renewals or, conversely, lost business opportunities. Compliance... --- > Explore NFL Star Baker Mayfield's $12 million lawsuit against his dad: Camwood Capital Management Group, highlighting breach of contract & trust. - Published: 2024-11-27 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/baker-mayfields-camwood-capital-management/ - Categories: Legal News Explore NFL Star Baker Mayfield's $12 million lawsuit against his dad: Camwood Capital Management Group, highlighting breach of contract. Contracts form the backbone of professional relationships, from business deals to personal partnerships. However, when trust breaks down, the fallout can be costly and far-reaching. NFL quarterback Baker Mayfield’s recent $12 million lawsuit against his father’s company, Camwood Capital Management Group, illustrates how severe these disputes can become. This case has captivated both the sports and business worlds, not just because of the dollar amount but because it highlights the importance of a breach of a contract. Let’s break down what’s happening and why this case is so significant. Setting the Stage: The Rise of Baker Mayfield Before diving into the lawsuit, it’s worth considering the man behind it. Baker Mayfield is more than just the starting quarterback for the Tampa Bay Buccaneers. He’s a high-profile figure in sports, known for his leadership, competitive spirit, and business acumen. As a professional athlete, Mayfield's name isn’t just tied to his on-field performance; it's part of a personal brand worth millions. This makes any dispute involving his finances a matter of significant interest. Mayfield had long relied on Camwood Capital Management Group—a firm co-owned by his father—to manage his financial affairs. However, what once seemed like a close-knit family arrangement has now turned into a high-stakes legal dispute. What’s the Mayfield Case About? At the core of the lawsuit are allegations that Camwood Capital Management Group mishandled Mayfield's finances and failed to meet its contractual obligations. These claims are serious and include: 1. Mismanagement of Funds Mayfield alleges that Camwood Capital failed... --- > Discover the key performance indicators (KPIs) that help legal departments track performance, boost efficiency, & demonstrate their strategic value. - Published: 2024-11-26 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/6-kpis-for-legal-departments-you-must-know/ - Categories: General Counsels Discover the key performance indicators (KPIs) that help legal departments track performance, boost efficiency, & demonstrate their strategic value. Imagine you're steering a ship through unpredictable waters; without a clear navigation system, you risk drifting aimlessly or worse—running aground. For legal departments, Key Performance Indicators (KPIs) act as this navigation system, offering measurable insights that ensure the department’s efforts align with organizational goals. KPIs are essential for tracking efficiency, effectiveness, and collaboration, transforming legal teams from cost centers into strategic assets. This blog explores the importance of KPIs for legal departments, detailing how they can measure performance, improve processes, and showcase value. From understanding the right KPIs to exploring their impact on team morale and innovation, we will cover actionable insights to help legal professionals elevate their practice. We’ll discuss: Efficiency-focused KPIs, such as contract turnaround time and cost per matter. Effectiveness KPIs, including litigation success rates and compliance adherence. Quality measures like client satisfaction and error rates. The role of Artificial Intelligence in shaping future KPI frameworks. Let’s dive into how tracking and optimizing the right KPIs can provide legal departments with a clear picture of their performance while fostering long-term success. 1. KPIs for Effectiveness: Assessing Strategic Value Legal KPI for Effectiveness Effectiveness KPIs focus on outcomes that showcase the legal department’s ability to support business objectives, manage risks, and ensure compliance. These metrics highlight the team’s strategic contributions and overall impact. 1. Litigation Success Rate Think of litigation as the ultimate test of a legal team’s skills. The success rate in legal disputes—whether through settlements or court wins—serves as a critical measure of performance. Achieving a... --- > Learn about contract management, its standard practices, pitfalls of manual methods, and how automation improves workflows and reduces risks. - Published: 2024-11-25 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-contract-management/ - Categories: All about Contracts Learn about contract management, its standard practices, pitfalls of manual methods, and how automation improves workflows and reduces risks. Contract management is a critical process for businesses, ensuring that legal agreements are properly created, executed, and adhered to throughout their lifecycle, with a focus on adhering to the contract terms. From the initial creation to ongoing management and eventual conclusion, effective contract management reduces legal and financial risks while fostering strong business relationships. By maintaining a structured approach, companies can protect their interests and avoid costly mistakes that might arise from poorly managed agreements. This blog provides a comprehensive overview of contract management, detailing its definition, key components, and the importance of streamlining the process. It also explores the challenges of traditional contract management, the benefits of automation, and best practices for effective contract oversight. What is Contract Management? Contract management is the full process of handling legal agreements within the legal department. This process includes every step, starting from the beginning and creation to execution, ongoing management, and finally ending the contract. It is a methodical way to take care of contracts. This ensures that everyone involved meets their contractual obligations, while also reducing financial and legal risks. Effective contract management is more than just keeping and finding new contracts. It means watching contracts closely, checking how well they are doing, and finding risks before they become problems. When businesses use strong contract management methods, they can improve their new contracts, ensure rules are followed, and get better results in their work. Related Article: Best Contract Management Software: Top 10 CLM in 2024 Why is Contract Management Important?... --- > Discover the Top 20 Black Friday SaaS Deals of 2024! Unlock exclusive discounts on powerful software for marketing, sales, productivity, and more. - Published: 2024-11-22 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/20-black-friday-saas-software-deal-in-2024/ - Categories: All about Contracts Discover the Top 20 Black Friday SaaS Deals of 2024! Unlock exclusive discounts on powerful software for marketing, sales, productivity, and more. November is here, bringing with it not just cozy fall vibes and Thanksgiving feasts but also the most awaited shopping spree of the year—Black Friday! For SaaS enthusiasts, it’s the perfect opportunity to unlock powerful tools and software at unbeatable prices. As tradition holds, we’ve scoured the SaaS universe to bring you the Top 50 Black Friday SaaS Deals of 2024. Whether you're an entrepreneur, a marketer, or a business professional, this is your chance to snag the software solutions you’ve been eyeing all year—at a fraction of the cost. From productivity boosters to sales enablers, this curated list covers everything you need to power up your toolkit. These deals won’t last long, so dive in, explore, and start saving before it’s too late! 1. Volody AI-Powered Contract Management Volody - AI-powered Contract Management Volody provides an easy contract management solution for all businesses. It has a user-friendly design and strong AI features. You can create, track, and manage all your contracts in one place. This Black Friday, Volody is giving a special discount on its annual subscription. This allows small businesses to take charge of their contract management and save a lot of money. Don't miss this chance to improve how you handle contracts and increase efficiency. Black Friday Deal: Flat 60% off on Volody’s Contract Management Software & Free Implementation Offer Validity: Nov 14, 2024 — Nov 30, 2024 Get This Deal 2. EngageBay All-in-One Marketing, Sales, and Service Automation Suite EngageBay EngageBay is a complete tool that... --- > Learn the essentials of contract redlining, its challenges, & benefits. Discover tools, strategies, & tips to streamline negotiations & improve efficiency. - Published: 2024-11-22 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-contract-redlining-know-basics/ - Categories: Best Practices, Contracting Tips - Tags: Contract Learn the essentials of contract redlining, its challenges, & benefits. Discover tools, strategies, & tips to streamline negotiations & improve efficiency. Negotiating contracts can be tricky. Contracts often go back and forth between different parties several times before they're finalized. This process is called contract redlining. It's important to make sure everyone is happy with the agreement. But if it's not done right, your organization could lose contracts or face legal trouble. Here's what you need to know about contract redlining, how to do it well, and how to manage it smoothly. "Contract redlining" is like editing a document together, but for business contracts. When negotiating a deal, both parties suggest changes to the contract terms. These changes are often marked in red (hence "redlining"). It's a way for each side to protect their interests and agree on fair terms before signing. What does Redlining a Contract mean? "Redlining a contract" involves reviewing and marking up a contract with proposed changes or revisions, often using red ink or digital tools. This process is crucial in contract negotiations, allowing parties to suggest amendments to better align with their interests. Understanding how to redline contracts effectively ensures that all parties are satisfied and that the final agreement reflects their needs. What steps can businesses take to prevent and address contract redlining in their contractual agreements? What steps can businesses take to prevent and address contract redlining in their contractual agreements? Contract redlining, where parties mark up contracts with changes they'd like to see, can sometimes lead to delays, misunderstandings, or disputes if not managed properly. Here are steps businesses can take to prevent... --- > Contract management software is a digital tool that helps businesses create, negotiate, sign, and store contracts more efficiently. - Published: 2024-11-21 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-contract-management-software-2/ - Categories: All about Contracts Contract management software is a digital tool that helps businesses create, negotiate, sign, and store contracts more efficiently. By automating contract processes, contract management software speeds up the contract lifecycle, improves compliance, and lowers risks. A contract management platform offers a centralized, secure repository for storing all contracts, providing companies with enhanced visibility and easy access to critical information. Overall, contract management software makes handling contracts quicker, safer, and easier to understand. 5 Benefits of Contract Management Software Lower Costs & Better Contract Visibility Contract management software can reduce legal admin costs by up to 30% by streamlining workflows and ensuring no legal obligations are missed. With all contracts stored in a central repository, businesses can easily access and search for any document, minimizing the risk of losing critical contracts. A customizable contract approval workflow feature shows the status of each contract, highlighting where delays happen and who’s responsible, making the process clearer and more organized. Improved Efficiency & Productivity Contract management solution accelerates contracting processes and boosts productivity. It automates manual tasks such as contract drafting and contract creation process, reviewing, and routing contracts, allowing legal teams to focus on higher-value activities. Customizable workflows speed up approval cycles and automate contract creation, while e-signatures enable instant execution. With faster contract turnaround times, businesses can close deals more quickly and avoid delays, significantly improving operational efficiency. Increased Compliance & Risk Management A study by McKinsey & Company estimates that companies lose about 2% due to unfulfilled contractual obligations. With strong... --- - Published: 2024-11-20 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/risk-of-managing-contracts-on-excel-spreadsheets/ - Categories: Best Practices Structuring an Excel spreadsheet for contract management can indeed be quite efficient, especially for smaller businesses or teams with simpler needs. It's great that you're covering naming conventions and formulas/functions; those can really streamline processes and ensure consistency. Highlighting the limitations of using spreadsheets for contract management is crucial too. While they offer flexibility, they might not scale well for larger operations or provide all the features needed for complex contracts and workflows. Introducing Contract Lifecycle Management (CLM) software as an alternative is a smart move, as it can handle more intricate processes and offer additional features like automated alerts, version control, and integration capabilities. How would you set up your Excel spreadsheet to effectively manage contracts? How would you set up your Excel spreadsheet to effectively manage contracts? Managing contracts requires constant attention to detail, organization, and accuracy. While there are various contract management software options available in the market, Spreadsheets are still widely used for contract management. In this article, we will explore how an Excel spreadsheet for contract management can be used to effectively manage agreements and provide you with some best practices for doing so. We will cover how to structure your Excel spreadsheet for contract management, establish naming conventions, use formulas & functions, & create an effective template for contracting operations. We will also discuss the limitations of using Excel spreadsheets for contract management & alternative solutions like CLM software. Why do businesses use Excel for contract management? Businesses use MS Excel for contract management... --- > Learn essential strategies for successful contract renewal negotiation. This guide provides the tools needed to secure the best possible terms. - Published: 2024-11-19 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/art-of-contract-renewal-negotiation/ - Categories: Best Practices, Contracting Tips Learn essential strategies for successful contract renewal negotiation. This guide provides the tools needed to secure the best possible terms. Contract renewal negotiations are key to keeping and strengthening business relationships. These discussions not only affect the terms of an ongoing agreement but also set the tone for future interactions between parties. Think of a skilled negotiator as a conductor leading a complex orchestra. Every term and condition needs to work together smoothly to create a successful renewal. Just like in music, where timing, tone, and rhythm are important, the same careful approach is needed for negotiating contract renewals. This blog covers the essential parts of contract renewal negotiations. We will look at how to prepare, key strategies to use, and common challenges you might face. We will also explore how AI can improve negotiation results and offer practical tips for getting the best terms. Understanding Contract Renewal Negotiation Understanding Contract Renewal NegotiationContract renewal negotiation involves revisiting the terms of an existing contract as it approaches its end date. Unlike creating a new contract, renewal talks require a good understanding of the current relationship between the parties. It also involves reviewing how the contract has worked so far. The main goal is to make sure the renewed contract still meets the needs of both parties. It should also address any changes that have happened since the original agreement. The Importance of Renewal Negotiation Renewal negotiations are a key chance to review contract terms. This ensures they still match the changing goals and strategies of everyone involved. For businesses, this could mean negotiating better prices, extending the contract length, or updating... --- - Published: 2024-11-18 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/use-chatgpt-for-contract-negotiation/ - Categories: All about Contracts, Best Practices Discover 7 ways how you can use ChatGPT for contract negotiations. From analyzing clauses, simulating scenarios to generating creative solutions. When it comes to negotiating contracts, being precise, fast, and strategic makes all the difference. Imagine having a helper who can make your work easier by analyzing tricky clauses, suggesting solutions, and helping you prepare for tough talks. That’s exactly what ChatGPT does. ChatGPT is a powerful AI tool that’s changing how professionals handle contract negotiations. It can help you think faster, see opportunities you might have missed, and approach negotiations with more confidence. This article dives into how you can use ChatGPT for contract negotiation. It will also cover its limitations, so you know when to rely on it and when to bring in human expertise. ChatGPT For Contract Negotiation: 7 Ways How You Can Leverage AI ChatGPT For Contract Negotiation: 7 Ways How You Can Leverage AI ChatGPT acts as a transformative tool in the contract negotiation process, akin to having a highly efficient and resourceful personal assistant at your side. Its capabilities enable professionals to address complex negotiation challenges with enhanced precision, creativity, and speed. Here's how ChatGPT adds value to contract negotiations: 1. Clause Analysis: Simplifying Legal Jargon Contracts are often dense with technical language, which can obscure key terms or risks. ChatGPT excels at breaking down complex clauses into plain, digestible language. Example: If a contract includes ambiguous terms like "reasonable effort," ChatGPT can suggest clarifications, such as defining the scope of effort or specifying measurable standards. Benefit: This not only aids understanding but also helps negotiators spot potential risks or areas needing revision, such... --- > Build successful partnerships with clear, well-crafted Memorandum of Understanding (MOUs). Follow our tips to define roles, set shared goals. - Published: 2024-11-08 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-memorandum-of-understanding-mou/ - Categories: Contract & Clause Dictionary Build successful partnerships with clear, well-crafted Memorandum of Understanding (MOUs). Follow our tips to define roles, set shared goals. Establishing a solid foundation for cooperation is essential for successful partnerships. A Memorandum of Understanding (MOU) serves as a key initial step in creating this foundation. A Memorandum of Understanding is a formal, yet non-binding, document that clarifies the objectives, roles, and expectations of all parties involved. It helps foster mutual understanding and guides future negotiations. While it doesn’t impose legal obligations, an MOU reflects each party’s intent to collaborate toward a shared goal, setting the stage for potential legally binding contracts. This guide explores how to effectively draft and utilize a Memorandum of Understanding in professional settings. From outlining essential components to avoiding common drafting pitfalls, you’ll learn the art of creating clear, functional MOUs. By mastering these strategies, you can strengthen collaborations and pave the way for successful partnerships. Read on to unlock the full potential of MOUs in your endeavors. Understanding the Fundamentals of MOUs A memorandum of understanding is an official paper that shows the main points of an agreement between two or more groups, indicating an intended common line of action. It acts as a beginning for talks, helping to explain the main goals, duties, and timelines before any legal obligations are made. While a Memorandum of Understanding is not legally binding, it is important because it shows a strong intent to follow through with the idea. A Memorandum of Understanding shows that people want to work together. It is a way to show good faith and a desire to reach a common goal. The... --- - Published: 2024-11-07 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/wcc-top-10-negotiated-terms-of-2024/ - Categories: All about Contracts Imagine you're negotiating a partnership between two companies. Both sides want to benefit from the deal but also need to avoid taking on too much risk. The most frequently negotiated contract terms form the backbone of any successful agreement, affecting critical elements like risk management, payment terms, and intellectual property rights. In this blog, we’ll dive into the top 10 most negotiated terms that legal professionals handle regularly. Knowing these terms is vital for any legal expert working on contract negotiations. From limits on liability to payment structures and intellectual property rights, each term plays a key role and has a long-term impact on the negotiation process. By examining these essential clauses, we aim to explain their significance, the tactics used to negotiate them, and how they help build fair, beneficial agreements. We'll also look at how these terms can differ between large corporations and small or medium-sized businesses, offering real-world examples for business negotiations. Understanding these details is crucial for senior executives and legal teams handling high-stakes international deals or domestic contracts, where there's little room for mistakes. Among the most commonly negotiated contract terms, some consistently stand out as major points of focus. These terms can either protect a party or expose it to considerable risk. Below are the Top 10 Negotiated Terms that legal professionals frequently encounter during business negotiations: Scope and Goals / Specification Price / Charge / Price Changes Indemnification Termination Payment / Payment Options Warranty Intellectual Property Delivery Liquidated Damages Limitation of Liability Scope... --- > Here are top 10 most negotiated clauses, including termination, indemnity, and payment terms, and learn how they protect clients and reduce risk. - Published: 2024-11-06 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/top-10-negotiated-clauses-you-should-know/ - Categories: All about Contracts Here are top 10 most negotiated clauses, including termination, indemnity, and payment terms, and learn how they protect clients and reduce risk. Think of contract negotiation like a high-stakes game of chess. Every term you discuss and finalize is a move that could protect your clients or leave them vulnerable. In this “game,” each clause holds power, shaping the rights, obligations, and protections that will impact both sides long after the contract is signed. For legal professionals, knowing the most commonly negotiated clauses is essential to creating agreements that protect interests and reduce risk. Throughout this article, we've explored the top 10 most negotiated clauses in contracts, including: Termination Clauses Indemnity Clauses Governing Law Clauses Force Majeure Clauses Confidentiality Clauses Payment Terms Liability Clauses Dispute Resolution Clauses Intellectual Property Clauses Amendment Clauses By the end, you’ll have a solid grasp of these key clauses, helping you approach contract negotiations with confidence and skill. Top 10 Negotiated Clauses of 2024: Liability and Indemnification Clauses Liability and Indemnification Clauses Liability and indemnification clauses are often at the heart of contract negotiations. These clauses define who is responsible if something goes wrong and who will cover the costs if damages occur. In simpler terms, they clarify who bears the financial burden if a problem arises. Understanding Liability Clauses Liability clauses specify the extent to which each party is responsible for any losses or damages that may occur. For example, if one party’s product fails and causes harm, the liability clause will state how much responsibility they hold and whether they need to compensate the other party. Since this clause determines the financial risk each side... --- > This blog post discusses best practices for effective contract version management, the importance of clarity, technology, & systematic processes. - Published: 2024-11-05 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/simplify-contract-version-control-strategy/ - Categories: All about Contracts This blog post discusses best practices for effective contract version management, the importance of clarity, technology, & systematic processes. Managing multiple versions of contracts is a complex but essential task for businesses of all sizes. Contracts change over time, whether through ongoing negotiations, modifications, or renewals. With each new version, it becomes more challenging to keep track of what’s been added, removed, or altered. Poor version control can lead to significant issues, such as outdated terms, missed obligations, or even legal disputes, as teams might end up working with the wrong information. Effective version tracking, on the other hand, ensures that everyone is on the same page, with access to the most current terms and a full history of changes. This guide will explore practical strategies for managing contract versions efficiently. You'll discover best practices such as using naming conventions, leveraging technology, and implementing audit trails, along with key tools and challenges in contract version management. By the end, you’ll have a roadmap to improve your contract version control practices, protect your organization, and streamline operational efficiency. How to Effectively Track Legal Contract Versioning? Effectively tracking legal contract versioning involves creating a structured system that maintains an organized record of all contract changes. Here are some steps and tools that can help: Establish Naming Conventions: Assign a consistent naming system for each contract versioning, such as "ContractName_v1," "ContractName_v2," and so on. This minimizes confusion over which version is the latest and allows easy identification. Version Control Features: Rely on features like redlining, comments, and time-stamping within Contract Management Software to record each change and who made it. Redlining also... --- > A guide to understanding business agreement, the role of CLM, and how clear terms help small and large businesses navigate legal complexities. - Published: 2024-11-04 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/business-agreement-essential-guide/ - Categories: All about Contracts, Contract & Clause Dictionary A guide to understanding business agreements, the role of CLM, and how clear terms help small and large businesses navigate legal complexities. Business agreements or contracts are the backbone of any successful business relationship. They serve as legally binding documents that outline the rights, responsibilities, and expectations of all parties involved. Whether you're a small business owner or part of a large enterprise, understanding these agreements is essential to managing risks and ensuring smooth operations. From service agreements to non-disclosure pacts, each contract type serves a unique purpose in safeguarding your business interests. This blog will guide you through the fundamentals of business contracts, the difference between contracts and agreements, and the importance of having clear, written terms. We'll also explore verbal vs. written contracts, the key elements that make an agreement legally binding. Whether you're new to contracts or looking to fine-tune your approach, this guide will help you navigate the complexities of business agreements with confidence. Understanding the Fundamentals of Business Agreements Understanding the Fundamentals of Business Agreements Business agreements play a key role in making business dealings successful. They are AI legal documents that outline the rights and responsibilities of all parties involved. These agreements are more than just paperwork. They help clarify expectations, lower risks, and provide a solution for any problems that may arise. Effectively managing business agreements is key for companies of all sizes. These agreements create clear expectations and provide legal options if there are misunderstandings or problems. This practice helps to enhance business operations and lower the risk of financial losses and damage to the company’s image. The Difference Between Contracts and Agreements An... --- > Learn about contract termination, its legal implications, and steps for early termination to avoid penalties and protect your rights. - Published: 2024-10-31 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/navigating-early-contract-termination/ - Categories: All about Contracts Learn about contract termination, its legal implications, and steps for early termination to avoid penalties and protect your rights. Contract termination is when you end a legal agreement before the date it was meant to finish. Early termination can occur for different reasons. This might include a breach of contract or a mutual agreement between both parties. The laws about this can be tricky, so it's smart to seek legal advice from an expert. They can help you understand your rights and duties before you take any action. This blog will cover all the aspects of contract termination and how to mitigate it. What Constitutes Contract Termination What Constitutes Contract Termination Contract termination occurs when the parties involved are no longer bound by the terms of an agreement. This can happen for several reasons, such as a breach of contract or a mutual agreement to end it. Navigating contract termination can be challenging, so it's essential to carefully review the terms and understand the legal risks. Contract management software can help streamline this process, ensuring that you stay compliant and safeguard the rights of all parties involved. It provides tools to track contract details, automate notifications, and reduce the risk of errors during termination. Defining Contract Termination in Legal Terms: Understanding Termination Clauses Contract termination means that you can end an agreement legally before everyone has fulfilled their promises. This lets all parties stop doing any more work needed by the contract. A termination clause is a normal part of many contracts. It tells you when the contract can be lawfully canceled. This clause often outlines steps to end... --- > Discover pros and cons of using Excel-based contract management & explore how CLM software can improve efficiency, collaboration, & security. - Published: 2024-10-30 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/excel-based-contract-management-worth-it/ - Categories: All about Contracts Discover the pros and cons of using Excel for contract management, and explore how CLM software can improve efficiency, collaboration, and security. Excel-based contract management is a common starting point for many businesses. While it’s useful for basic tasks and smaller operations, as contract management needs become more complex, Excel’s limitations quickly emerge. Many companies initially rely on an Excel template or free solution to track contract data, but it’s essential to assess whether it can keep up with evolving demands. This blog will discuss the pros and cons of using Excel for contract management and highlight advanced alternatives, like dedicated contract management software, designed to handle complex workflows with greater efficiency. Understanding Excel's Role in Contract Management Understanding Excel's Role in Contract Management Microsoft Excel is popular in lots of offices. People use it to handle data. Its grid layout, formulas, and sorting tools make it easy to organize agreement information. This makes it great for listing contracts, tracking key dates, and managing basic details. Many users are familiar with it, so often, they do not need extra training. Contract management is more than just organizing data. It involves several tasks. These include writing, negotiating, approving, signing, monitoring, and renewing agreements. As a business grows and the number of agreements increases, it's easy to see that Excel can only do so much. The Basics of Using Excel-based Contract Management for Contracts Using Excel for contract management begins with making an Excel spreadsheet. This helps you store important information, including the contract number and the number of contracts along with other relevant details. It should include things like agreement titles, the parties... --- > Discover key reasons behind failed CLM implementations and learn how to achieve success with effective strategies and solutions like Volody. - Published: 2024-10-29 - Modified: 2024-10-29 - URL: https://www.volody.com/resource/reasons-behind-a-failed-clm-implementation-2/ - Categories: All about Contracts, Contracting Tips Discover key reasons behind failed CLM implementations and learn how to achieve success with effective strategies and solutions like Volody. Failed CLM implementation can be a costly setback for organizations of all sizes. Contract Lifecycle Management (CLM) is a critical, multi-step process that, when implemented successfully, helps businesses save time and money, reduce risk, and improve compliance. However, CLM implementations are complex, and many organizations struggle to achieve their desired outcomes. To avoid common pitfalls, it’s essential to understand the importance of a well-defined strategy, explore best practices for effective implementation, and create a robust plan in the planning phase. Addressing potential challenges early and ensuring smooth user adoption throughout the process can significantly increase the chances of a successful CLM deployment. Understanding CLM and Its Importance Understanding CLM and Its Importance In today's fast-paced business environment, agreements are the backbone of successful operations. From vendor agreements to customer agreements, managing these documents efficiently is vital. This is where Contract Management Software comes into play, providing a systematic approach to handling agreements throughout their lifecycle. Contract Management Software encompasses all stages of an agreement's journey, from initiation and authoring to negotiation, execution, ongoing management, and eventual renewal or termination. By streamlining these processes, organizations can improve efficiency, minimize risks, and enhance overall agreement visibility. Defining Contract Lifecycle Management (CLM) Contract Lifecycle Management refers to the management of agreements from initiation through execution to ongoing agreement renewal and analysis, including initial contract lifecycle management aspects and the creation of agreement templates. It involves the effective use of programmatic contract solutions, analytics, and contract analytics initiatives in workflow automation to streamline the... --- > Discover how to create effective influencer agreements that protect both parties, clarify expectations, & ensure successful marketing collaborations. - Published: 2024-10-25 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/the-guide-to-influencer-agreements/ - Categories: Contract & Clause Dictionary Discover how to create effective influencer agreements that protect both parties, clarify expectations, and ensure successful marketing collaborations. In today’s digital age, influencer marketing has become a powerful tool for brands to reach their target audience and enhance their image. Partnering with influencers, however, requires careful planning and clear communication to ensure successful outcomes. One of the most effective ways to establish a solid foundation for these partnerships is through a well-crafted influencer agreement. This legal agreement not only outlines the expectations of both parties but also protects their interests throughout the collaboration. This blog explores the key elements of influencer marketing contracts, helping you build smooth, successful partnerships and avoid issues. Understanding Influencer Agreements A strong marketing agreement is key to a good influencer marketing campaign. It lays out clear rules and expectations for everyone. This agreement is more than just a formality; it has legal power. It protects both the brand and the social media. This way, both sides understand all parts of the campaign. An agreement sets the guidelines for working together. It includes important aspects such as what needs to be done, payment terms, and rights to the content. If you are partnering with a seasoned social media influencer or a newcomer, having a clear contract template is essential. Defining Influencer Agreements in the Digital Age In today’s world, social media plays a big role in marketing. agreements are crucial in this field. These contracts outline how brands and digital influencers will work together. They provide clarity and transparency. They also offer legal protection for both parties. An influencer contract template is a simple... --- > Explore the top contract management software in the USA. Compare features, weigh pros & cons. Find your ideal CLM solution with our short guide. - Published: 2024-10-19 - Modified: 2024-10-19 - URL: https://www.volody.com/resource/top-usa-contract-management-software-picks/ - Categories: All about Contracts Explore the top contract management software in the USA. Compare features, weigh pros & cons. Find your ideal CLM solution with our short guide. Think of contract management like organizing a big closet. When everything is neatly sorted, finding what you need is easy, and there’s no wasted time searching for that one missing item. In the business world, contracts are like those important items in the closet, and contract management software is the tool that helps keep everything in its place. It allows companies to create, review, and keep track of their contracts all in one spot, making the process smooth and stress-free. In this article, we’ll explore some of the top contract management tools in the USA and see how they can help businesses stay organized and efficient. 1. Volody2. Ironclad3. Juro4. DocuSign CLM5. SAP Ariba6. SirionLabs7. Icertis8. Agiloft CLM9. Conga Contracts10. PandaDocUnderstanding the Value of Contract Management SoftwareContract management software is important for businesses of all sizes. It makes the complicated contract lifecycle easier, from generating contracts to executing them. Its benefits go beyond just keeping things organized. CLM software helps ensure that contracts follow company rules and outside regulations. It reduces financial risks by offering a clear view of contract terms, obligations, and deadlines. In addition, it gives useful information through contract analytics. This helps businesses make better choices and improve their contract relationships. Benefits of Integrating Contract Management SolutionsBenefits of Using a CLM SoftwareIntegrating contract management solutions comes with many benefits for businesses. Let's look at the main advantages:Better Efficiency and Automation: Automation makes repetitive tasks easier. It reduces the need for manual work and speeds up the contract... --- > Learn the key components of drafting a strong Joint Venture Agreement also known as JV agreements, from profit sharing to exit strategies. - Published: 2024-10-18 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/tips-for-joint-venture-agreement-drafting/ - Categories: All about Contracts Learn the key components of drafting a strong Joint Venture Agreement also known as JV agreements, from profit sharing to exit strategies. In today’s fast-changing market, many businesses are using joint ventures (JVs) to reach their goals. A JV lets two or more companies combine their resources, skills, and money to work on a specific project. Good governance and clear contracts are very important for making any JV successful. This blog post will help you understand the key parts of creating a strong JV Agreement. Understanding Joint Venture Agreement In business, a joint venture is a strategic partnership where two or more companies collaborate to achieve a common goal. By combining their resources and expertise, they can leverage their strengths without the need to start a new business independently. In a joint venture, both parties share the benefits, risks, and responsibilities as defined in a Joint Venture Agreement. However, joint ventures can be complex, requiring a thorough understanding of both legal and practical considerations. It's essential to address everything from the formation of the venture to how it will be managed, and eventually, how it might be dissolved. Defining Joint Ventures in the Business World A joint venture (JV) is a widely used business arrangement where companies collaborate to pursue specific projects or enter new markets. Unlike mergers or acquisitions, where one company absorbs another, a joint venture creates a separate entity with its own management, finances, and legal obligations. The participating companies pool resources and often arrange financing to support the venture’s goals while maintaining their individual identities. The new entity operates independently, with its structure and responsibilities distinct from the... --- - Published: 2024-10-16 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-management-software-india-top-7/ - Categories: All about Contracts In today’s fast-paced business environment, effectively managing the contracting process is crucial for maintaining legal compliance and ensuring smooth operations. While there are many paid CLM (Contract Lifecycle Management) software options available, several free tools can help Indian businesses streamline their contract administration. These free CLM tools offer features such as a central repository for contracts, ease of contract renewal, and effective governance to manage potential risks. They also enhance contract language clarity and adherence, while providing cost savings through improved functionality and simplicity. This blog highlights the top 7 free CLM software options in India that can support stakeholders throughout the procurement, sourcing, and CRM processes, from initiation to terminations, helping companies optimize their contracting processes efficiently. What is a contract management software? Good contract management is key in today's fast-paced business world. Contract management software provides one system. This system makes the contract process simpler and faster. The software helps businesses manage their agreements from the beginning to renewal. A good contract management system is easy to use for making agreements. It provides templates and a contract clause library. It also automates tasks, so everyone can work together better. This speeds up negotiation and approval. All contract documents are kept in one place, so it is easy to find them. This improves visibility and lowers the risk of missing deadlines. Stages of the Contract Management Process Stages of the Contract Management Process The contract management process has several key steps. First, we make and write the contract. It... --- > In today’s fast-paced business environment, effective contract collaboration is essential for success. This approach streamlines the contract lifecycle. - Published: 2024-10-10 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/streamline-contract-collaboration-for-team/ - Categories: All about Contracts, Best Practices In today's busy business world, good contract management is very important for success. The contract lifecycle includes creation, negotiation, execution, and management. This process often has many stakeholders and can be complex. Here is where collaborative contract management helps. By creating a shared platform and simplifying the contract management process, companies can boost communication, increase efficiency, and reduce possible risks. Exploring the Essentials of Collaborative Contract Development Exploring the Essentials of Collaborative Contract Development. Contract collaboration is more than just sharing documents. It means that everyone takes part and communicates well during the whole contract lifecycle. This teamwork helps ensure that all parties know their duties, deadlines, and possible risks. It helps prevent misunderstandings and creates a common understanding. To achieve effective contract collaboration, it is important to have clear ways to communicate, define roles and responsibilities, and use a centralized system for all contract data. When we promote transparency and responsibility, we can make our contract cycles faster, improve compliance, and build stronger business relationships. Defining Contract Collaboration Effective collaboration in contract management means moving away from old ways to a new, more unified method. It gathers legal teams, business units, and external parties together on one platform. This helps them communicate and work together in real-time. Contract negotiation is an important step in the contract lifecycle that really improves with this collaborative approach. When all stakeholders can see the latest versions and track changes, the negotiation process becomes clear and efficient. This shared understanding reduces mistakes, speeds up... --- > Explore key strategies for effective contract post execution management, risk mitigation, and smooth renewals with automated tools. - Published: 2024-10-09 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/master-contract-post-execution/ - Categories: All about Contracts, Best Practices Explore key strategies for effective contract post-execution management, ensuring compliance, risk mitigation, and smooth renewals with automated tools. Contract post-execution management is increasingly vital for businesses aiming to streamline their processes beyond the signing phase. Once an agreement is signed, the real work begins—ensuring that all parties meet their obligations, tracking key dates, managing renewals, and handling terminations. Companies are shifting their focus to this phase to avoid missed opportunities, compliance risks, and financial penalties. This blog covers all aspects of contract post-execution management and strategies to optimize performance and mitigate risks. What is Contract Execution? Contract execution is the key point in the contract management cycle. This is when the signed agreement starts to work. It requires all parties to meet their responsibilities as stated in the agreement. This stage is important for putting the terms and conditions into practice. Stay tuned for helpful tips on how to improve what happens after contract execution. This will help keep everything running smoothly and increase business success. What Happens After Contract Execution? After an agreement is completed, the focus moves to managing and monitoring it well. This means keeping an eye on important milestones, making sure the terms are followed, solving any disputes, and checking performance against targets. By having strong processes after execution, businesses can reduce risks, improve teamwork between parties, and achieve successful results from the agreement. You might like to read this article: Best Contract Management Software: Top 10 CLM in 2024 Importance of Efficient Contract Post Execution Management Importance of Efficient Contract Post Execution Management Managing agreements well after they are signed is very important.... --- > Contract approval workflows are key to minimizing risk and avoiding delays. Find out how to set them up to improve efficiency in your organization. - Published: 2024-10-04 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/accelerate-your-contract-approval-process/ - Categories: All about Contracts Contract approval workflows are key to minimizing risk and avoiding delays. Find out how to set them up to improve efficiency in your organization. In today’s busy business world, managing contracts well is a must. A smooth approval process is key to this. This article looks at why an efficient contract approval process is important. It points out the problems with manual methods. It also suggests better solutions that help companies grow, lower risks, and improve overall business efficiency. Understanding the Contract Approval Process The contract approval process is an important part of handling contracts. The legal team usually oversees it. This process checks that contracts follow all laws and rules, match with company policies, and show the agreed terms correctly. It has several steps. These start with drafting and reviewing the contract. Then comes negotiation and revision, ending with final approvals before signing. Even though this sounds simple, it can get complicated. Manual approval processes often cause problems. They normally involve many people, many revisions, and can lead to mix-ups in communication. This can cause delays, missed deadlines, and higher risks. Defining Contract Approval in Modern Business Defining Contract Approval in Modern Business Modern businesses need to have fast contract approval processes. This helps them stay competitive and quick to respond. But what makes a good process in today's market? It comes down to speed, clarity, and security. The process must be quick to avoid delays and missed chances. This means having clear roles, an easy approval hierarchy, and legal counsel should review and approve contract terms or full contracts based on set rules. In addition, clarity means there is visibility for everyone... --- > Learn the importance of business associate agreements (BAAs) and how they protect your business. Visit our blog for details. - Published: 2024-10-03 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-business-associate-agreement-baa/ - Categories: Contract & Clause Dictionary Discover the essential components of a Business Associate Agreement (BAA) and how it ensures HIPAA compliance when sharing protected health information with third-party vendors. Business associates assist with various tasks involving the sharing of Protected Health Information (PHI), such as billing, data storage, and IT support. To safeguard this sensitive information, HIPAA mandates the signing of a legal document called a Business Associate Agreement (BAA). Examples of business associates include cloud service providers, billing companies, and consultants. These agreements help protect patient privacy and ensure that sensitive information is handled properly. This agreement is crucial for protecting patient data and ensuring compliance with HIPAA regulations. In this blog, we will cover Why Do You Need a BAA? , Key Components of Business Associate Agreements, and the importance of Business Associate Agreements. What is a Business Associate Agreement ? A Business Associate Agreement (BAA) is a contract required by the Health Insurance Portability and Accountability Act (HIPAA). This agreement is between a Covered Entity and a Business Associate. It explains the allowed uses and sharing of Protected Health Information (PHI) by the Business Associate. This helps protect patient privacy and keeps data secure according to HIPAA rules. The agreement shows that both parties share the duty to follow HIPAA rules. It explains how the Business Associate will protect PHI, handle data breaches, and inform the Covered Entity about any unauthorized sharing. This agreement makes sure everyone is responsible and helps both sides work together to keep data safe. Key Components of Business Associate Agreements Key Components of Business Associate Agreements Definitions: Clarifies key terms such as “business associate,” “covered entity,” and “protected health information (PHI).... --- > Explore the benefits of Joint Marketing Agreements (JMAs) for your business. Get insights into its key components, benefits, & potential challenges. - Published: 2024-10-02 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-joint-marketing-agreement-a-guide/ - Categories: Contract & Clause Dictionary Explore the benefits of Joint Marketing Agreements (JMAs) for your business. Get insights into its key components, benefits, & potential challenges. Joint marketing agreements (JMAs) are strategic partnerships between two or more companies, where they collaborate to promote products or services. This collaboration allows businesses to tap into new markets, leverage shared resources, and increase brand visibility. By combining efforts, companies can achieve a greater reach and enhance their competitive advantage. In this blog, we will explore the key components of JMAs, the benefits they offer, key considerations when drafting such agreements, and how they can foster long-term business growth and collaboration. What is a joint marketing agreement? A joint marketing agreement is a formal contract where two or more businesses agree to pool their marketing efforts for mutual benefit. The scope can vary from joint advertising campaigns to co-hosting events, content co-creation, and sharing customer data for targeted marketing. The goal is to combine efforts in ways that enhance the strengths of both (or all) parties. Key Components of a Joint Marketing Agreement Key Components of a Joint Marketing Agreement 1. Scope and Purpose: Clearly outline the marketing activities and the scope of the agreement. This section should define the goals, target audience, and metrics of success for the partnership. Are both companies promoting the same product? Or are they cross-promoting related services? 2. Roles and Responsibilities: Define the specific roles of each party in the joint venture. Who is responsible for content creation? Who will handle distribution and monitoring? This subsection ensures accountability and helps avoid confusion during the campaign. 3. Financial Obligations: Both parties must agree on how... --- > Discover the what is a Privacy Disclosure Agreement, including its key components, legal importance, and how it safeguards sensitive information. - Published: 2024-10-01 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-privacy-disclosure-agreement/ - Categories: Contract & Clause Dictionary Discover the what is a Privacy Disclosure Agreement, including its key components, legal importance, and how it safeguards sensitive information. Protecting sensitive information is a priority for businesses and individuals alike. Privacy Disclosure Agreements are legal instruments that ensure the confidentiality of personal data and proprietary information shared between parties. Whether it’s between companies, clients, or business partners, privacy disclosure agreement play a crucial role in maintaining trust, safeguarding privacy, and preventing data breaches. In this blog, we will explore the essential aspects of Privacy Disclosure Agreements, including their definition, key components, and types. We will also discuss the importance of these agreements in various industries, along with the potential legal implications for failing to comply. Additionally, best practices for drafting and implementing privacy disclosure agreement will be covered to ensure data protection and regulatory compliance. What is a privacy disclosure agreement? A privacy disclosure agreement is a legal contract. It is used to protect secret information shared between two or more people or groups. The agreement explains what each party must do to keep the sensitive information safe. It usually says what kind of information is confidential, how it can be used, and what happens if someone breaks the rules. These agreements are important for building trust and being open. They make sure that everyone understands their duties about data privacy. By clearly stating how information can be used and what is not allowed, privacy disclosure agreements help create a culture of respect for confidentiality and responsible handling of data. Understanding Privacy Disclosure Agreements Privacy disclosure agreements help protect sensitive information in many areas, like business deals and healthcare... --- > Discover the key elements of Sales and Purchase Agreements with our concise guide to secure successful transactions. - Published: 2024-09-30 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/essential-guide-to-sales-and-purchase-agreement/ - Categories: Contract & Clause Dictionary Discover the key elements of Sales and Purchase Agreements with our concise guide to secure successful transactions. In business deals, a legally binding agreement is key for a smooth transaction. It provides clarity, protection, and peace of mind for everyone involved. One important document is the Sales and Purchase Agreement, or SPA. This agreement lays out the terms and conditions of a sale. It defines payment schedules and addresses possible issues. SPAs help keep everything clear and confidential during the transaction process. In this blog we will cover all the like the definition, key components, importance, and legal aspects of a Sales and Purchase Agreement, including its contents, differences from other contracts, examples in various industries, and frequently asked questions. What Is a Sales and Purchase Agreement (SPA)? A Sale and Purchase Agreement (SPA) is a formal contract between a buyer and a seller detailing the specifics of a transaction. It covers the sale of goods, real estate, or other assets, providing a clear framework for the exchange. The SPA is designed to protect both parties by setting out their rights and obligations, thus minimizing potential disputes. Key Components of a Purchase and Sale Agreement Key Components of a Purchase and Sale Agreement Parties Involved: The SPA begins by identifying the buyer and the seller, including their full legal names and contact information. Description of the Asset: It provides a detailed description of the asset or property being sold, ensuring there is no ambiguity about what is being transferred. Purchase Price: The agreement specifies the amount the buyer will pay for the asset and outlines the payment... --- > Explore the essentials of automatic contract renewal clauses, their importance, benefits, key elements, and best practices for effective management. - Published: 2024-09-27 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-automatic-contract-renewal-clause/ - Categories: Contract & Clause Dictionary Explore the essentials of automatic contract renewal clauses, their importance, benefits, key elements, and best practices for effective management. Automatic contract renewal is an important part of managing contracts well. It means extending an existing contract after it reaches its expiration date. By automating this renewal process, organizations can keep their business relationships going smoothly and save time and resources. To improve the renewal strategy, it is helpful to follow best practices. This includes reviewing contract terms, looking at performance metrics, and using automated reminders. Using contract management software can make managing the entire contract lifecycle easier. It helps reduce potential risks and keeps contracts aligned with business goals. In this blog, we will explore all aspects of automatic contract renewal clauses. We'll cover their definition, significance, key elements, effective drafting strategies, advantages and disadvantages, and best practices to consider. Understanding Automatic Renewal Clauses In today’s busy business world, contracts play a big role in many deals. One important part of these agreements can be the automatic renewal clauses. These clauses often go unnoticed but can cause unexpected issues. Even though they may seem simple, they can lead to serious legal issues. Therefore, it is very important for anyone signing contracts to understand how these renewal provisions work. Definition and Overview An automatic renewal clause, called an evergreen clause, is part of an agreement. It allows the agreement to automatically extend for another term after the first agreement ends. This happens without needing permission or a new signature from those involved. In simple terms, if one party does not take action to end the agreement within a set time,... --- > Your guide to mastering cost reimbursement contracts: key insights and tips for effective management. - Published: 2024-09-26 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/mastering-cost-reimbursement-contracts/ - Categories: Contract & Clause Dictionary Your guide to mastering cost reimbursement contracts: key insights and tips for effective management. In project management and contracting, understanding the intricacies of Cost Reimbursement Contracts (CRCs) is essential for both contractors and clients. These contracts serve as a vital framework, particularly when dealing with complex projects where costs can fluctuate and outcomes are uncertain. A CRC not only allows for flexibility in cost management but also promotes collaboration between the contracting parties, ensuring that the project aligns with its intended goals. In this blog, we will delve into the essential components of Cost Reimbursement Contracts, including their definition, key elements, and the different types available. We will also discuss the advantages and potential challenges associated with these contracts, as well as best practices for effective management. What Is a Cost Reimbursement Contract? A cost reimbursement contract is a deal between a government agency and a prime contractor. In this agreement, the agency pays back the contractor for all permitted expenses during the project. Unlike fixed-price contracts, where the contractor bears most financial risk, cost reimbursement contracts put that risk on the government agency. This is because the total cost is not set in advance. It is figured out after the project ends or on a certain date in the contract timeframe. While cost reimbursement contracts allow for flexibility, they need close cost tracking and clear records from the contractor. This helps keep everything transparent and accountable throughout the project. Types of Cost Reimbursement Contracts Understanding government contracts can be tricky. You need to know the different types of agreements available. Cost reimbursement contracts... --- > Streamline contract management with a Contract Repository System. Maximize efficiency and organization in this post. - Published: 2024-09-25 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-a-contract-repository-system/ - Categories: All about Contracts Streamline contract management with a Contract Repository System. Maximize efficiency and organization in this post. Effective contract management is crucial for mitigating risks, ensuring compliance, and driving success. Yet many organizations still rely on outdated methods like physical filing cabinets, spreadsheets, or email for tracking contracts. This makes managing sensitive data challenging and can lead to legal or financial issues. A contract repository system acts as a single source of truth, providing a central hub for storing and managing all contracts securely. With a centralized repository and advanced data extraction features, companies can streamline the entire contract lifecycle, ensuring efficient and organized contract management. What is a Contract Repository? A contract repository is a safe and organized place for businesses to keep their contract information. It is a better choice than old ways, like filing cabinets or shared drives. A contract repository holds all related documents and messages in one spot. This includes original contracts, changes, addendums, and different versions. Everyone can easily get the latest information. Having a contract repository has a great benefit. It includes a version control feature. This feature keeps track of all the changes made to a contract over time. It helps to prevent confusion and ensures everything is accurate. In addition, it provides a clear audit trail. This is important for following rules and solving any disputes. Definition and Purpose of Contract Repositories A contract repository is a system made to store and manage contracts in digital form. It acts as a central place where approved people in an organization can find these documents. This setup keeps all contract... --- > Discover how contract review is simplified by AI. Enhance your legal processes by improving accuracy, efficiency, and risk management with AI. - Published: 2024-09-25 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/how-to-simplify-contract-review-with-ai/ - Categories: AI in Legal Discover how contract review is simplified by AI. Enhance your legal processes by improving accuracy, efficiency, and risk management with AI. With growing demands on legal teams, the legal landscape is rapidly adopting artificial intelligence (AI), transforming how legal departments manage and review contracts. By speeding up the review process and improving accuracy, artificial intelligence (AI) offers a more efficient alternative to traditional manual methods. This innovation not only enhances risk management but also supports legal professionals in analyzing a wide range of contracts. Let’s dive into how AI is revolutionizing legal processes and what it means for your organization. What is AI contract review? AI contract review software is a new tool that uses artificial intelligence. It makes contract review easier and faster. It helps with tasks like pulling out information and looking at documents. This way, it improves accuracy and efficiency in contract management. What does contract review include? Text Analysis: AI systems can read and understand the text within contracts, identifying key clauses, terms, and obligations. This helps in recognizing important sections like payment terms, confidentiality clauses, and dispute resolution mechanisms. Clause Identification and Comparison: AI tools can compare contract clauses against standard benchmarks or previous contracts to identify deviations, risks, or non-compliance. They can also flag unusual or non-standard terms. Risk Assessment: AI can assess the potential risks associated with specific clauses or the overall contract. It can highlight areas that may need legal review or negotiation, such as ambiguous terms or unfavorable conditions. Automated Drafting and Recommendations: Some AI systems can generate recommendations for contract modifications or even help draft new contracts based on identified needs... --- > Discover the essentials of franchise agreements in our comprehensive guide. Explore how to draft, negotiate franchising agreements in a better way - Published: 2024-09-24 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-a-franchise-agreement-a-guide/ - Categories: Contract & Clause Dictionary Discover the essentials of franchising agreements in our comprehensive guide. Explore this crucial business contract on our blog. A franchise agreement is an important legal document. It helps set up a business link between a franchisor and a franchisee. This agreement gives the franchisee the chance to operate a business using the franchisor's name, trademarks, and proven business method. It is made to help both parties. It clearly explains what their roles are, what they need to do, and how money matters work. In this article we learn how vital clear communication and well-defined terms are for a successful partnership. Understanding Franchise Agreements A franchising agreement is a legal paper that both sides sign. It creates a partnership between the franchisor, who owns the brand and business plan, and the franchisee, who receives the right to operate the business. This agreement lets the franchisee operate a business that uses the brand name and method the franchisor has already shown to be successful. The agreement has key details like fees, royalties, rules for running the business, support for marketing, training, area rights, and the length of the agreement. The franchisor and the franchisee have different roles and responsibilities. These are clearly stated in the agreement to help both sides work together and achieve their goals. Definition and Basics of Franchise Franchising is a method of running a business. Simply put, a business owner, called the franchisor, lets another person, known as the franchisee, operate a business. The franchisee uses the franchisor's brand name and follows their business system. This relationship is based on a legal document called a franchise... --- > A detailed guide on channel partner agreements, covering types, benefits, and pitfalls. Learn how to structure and negotiate these agreements. - Published: 2024-09-24 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-a-channel-partner-agreement/ - Categories: Contract & Clause Dictionary Unlock the secrets to successful channel partner agreements. Find essential tips for navigating the channel partner landscape on this blog. Imagine two companies—one specializing in cutting-edge software, the other an expert in hardware distribution. Separately, they face hurdles in expanding their reach. But when they come together in a channel partnership, they unlock new markets, tap into each other's strengths, and dramatically boost their revenue. This is the power of a channel partnership. Through a clear partner agreement, businesses can align their goals, combine resources, and drive growth. It’s not just about increasing income; it’s about building a strong, strategic relationship that benefits both parties. By working together, companies can achieve far more than they would on their own. What is a channel partner agreement? A channel partner agreement clearly explains the terms and rules for working together between two businesses. These businesses are known as channel partners. This contract is legal and helps both sides understand how to work together in a good and helpful way. This agreement is more than just a simple handshake. It goes into detail about the partnership. It clearly describes what each party is responsible for, including things like marketing, sales, and support. Also, it sets up rules for money transactions, rights to intellectual property, and sharing confidential information. Key Components of a Channel Partner Agreement Key Components of a Channel Partner Agreement Scope of Partnership: This section defines the extent of the partner’s role, whether it’s reselling, distribution, or value-added services. It also identifies geographical regions or markets where the partner operates. Roles and Responsibilities: Clearly outlining each party's responsibilities is crucial to... --- > Simplify contract storage with our expert tips for success. Discover efficient ways to manage your contracts on our blog! - Published: 2024-09-23 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/contract-storage-easy-tips-for-success/ - Categories: All about Contracts Simplify contract storage with our expert tips for success. Discover efficient ways to manage your contracts on our blog! In a fast-growing company, managing dozens of supplier contracts can quickly become overwhelming. Every day, teams waste time digging through stacks of paperwork or disorganized digital files to locate specific agreements. This inefficient process not only slows down operations but also increases the likelihood of errors. For businesses expanding rapidly, relying on outdated contract management methods can result in costly mistakes, missed deadlines, and compliance risks. What Is Contract Storage? Contract storage is a way of keeping legal agreements safe and organized, so they’re easy to find. You can store them in paper files or, more often, in digital systems or the cloud. Good contract storage helps businesses keep track of their contracts, make updates, and quickly find documents when needed. Why is it important? Compliance: Ensures businesses meet regulatory and legal obligations by securely storing contracts and key terms. Risk Mitigation: Helps avoid missed deadlines, obligations, or potential disputes by organizing and tracking contractual terms. Efficiency: Streamlined storage reduces the time and effort required to manage, retrieve, or audit contracts, saving resources. Data Security: Protects sensitive information from unauthorized access, especially through digital storage solutions with encryption. Global Accessibility: A cloud-based storage system allows for global storage. This provides access to contracts from anywhere, supporting remote work and global operations. Understanding the Basics of Contract Storage Contract storage means keeping your digital agreements safe and organized so they’re easy to find and access. It keeps all your contracts in one secure location. A good contract storage system is essential... --- > Explore the essentials of Fixed Price Contracts with our comprehensive guide, covering types, adjustments, & management for legal professionals. - Published: 2024-09-05 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-are-fixed-price-contracts-your-guide/ - Categories: Contract & Clause Dictionary Explore the essentials of Fixed Price Contracts with our comprehensive guide, covering types, adjustments, & management for legal professionals. In the business world, especially in legal agreements, understanding different types of contracts is essential. One of the most straightforward and widely used types is the Fixed Price Contract. Think of it like purchasing a service at a set price—you know exactly what you'll pay, regardless of any changes or unforeseen circumstances. Similarly, a Fixed Price Contract involves an agreed-upon price for a specified scope of work or service, offering clarity and reducing uncertainty for both parties involved. This blog will provide a comprehensive understanding of Fixed Price Contracts, covering what they are, the various types, key features, and how they are used in different business scenarios. By the end of this guide, you'll have a clear picture of how Fixed Price Contracts function and their advantages in various industries. What is a Fixed Price Contract? A Fixed Price Contract is a type of legal agreement where the cost is set upfront for a defined scope of work or service. This price remains unchanged, even if the actual costs of delivering the service increase. These contracts are particularly useful when the scope of work is well-defined, and both parties want to avoid the risks of cost fluctuations. Key aspects of Fixed Price Contracts include: Predefined Price: The total cost is agreed upon at the start and remains fixed throughout the agreement. Defined Scope of Work: The contract clearly outlines the specific services or deliverables, helping to prevent misunderstandings. Risk Allocation: The party providing the service or deliverable assumes the risk... --- > Learn about Enterprise License Agreements (ELAs), including licensing, confidentiality, termination, and more in our comprehensive guide. - Published: 2024-08-27 - Modified: 2025-04-19 - URL: https://www.volody.com/resource/what-is-enterprise-license-agreement-ela/ - Categories: Contract & Clause Dictionary Learn about Enterprise License Agreements (ELAs), including licensing, confidentiality, termination, and more in our comprehensive guide. Imagine a scenario where a company licenses its software to another business. Both parties need to ensure that their rights and obligations are clearly defined to avoid disputes down the line. This is where an Enterprise License Agreement (ELA) comes into play. As legal professionals, understanding the intricacies of an ELA is paramount for advising clients effectively and ensuring that all aspects of the agreement are meticulously drafted and adhered to. In this comprehensive guide, we will delve into the essential elements of Enterprise License Agreements. We will explore the purpose and importance of ELAs, key components, as well as the implications of breach. Additionally, we will discuss best practices for drafting ELAs, handling modifications, and ensuring compliance. By the end of this article, you will have a solid understanding of ELAs. What is an Enterprise License Agreement? An Enterprise License Agreement (ELA) is a contract between a licensor and a licensee. It gives the licensee the rights to use the licensor's IP, on a large scale across the licensee's organization. Unlike individual software licenses, which are limited to single users or devices, an ELA covers the entire business. It allows the software to be used widely across multiple departments or locations. The goal of an ELA is to give the licensee broad usage rights while protecting the licensor's IP. These agreements are common in large organizations that need to use software extensively. They provide the flexibility to deploy the software across various branches without needing multiple individual licenses. Related... --- --- ## Case Studies - Published: 2025-02-27 - Modified: 2025-05-13 - URL: https://www.volody.com/resource/case-study/telecommunication-case-study/ - Case Studies Categories: Telecommunication Case Studies Telecom Giant Uses Volody to Reduce TAT from 90 to 21 Days At a Glance A multinational telecom giant, previously managing a vast and cumbersome manual contracting operation, implemented Volody's AI-powered CLM solution. This transformative system streamlined contract approvals, efficiently managed deviations, and centralized stamp paper procurement across eight key business functions. Seamless integration with a complex IT ecosystem led to significant improvements in operational efficiency. Coordinating with multiple departments ensured faster and more effective contract cycles. Category: Telecommunication Case Study Highlights The following are the highlights of the case study: 0 + Contracts Managed 0 % Reduced Timelines 0 + Templates created About the Client The client is a leading multinational telecom company, offering a diverse range of services such as mobile and fixed-line telephony, broadband internet, & digital television. With a global presence, the client serves over 300 million mobile customers and 27 million fixed broadband subscribers. Statistics $53B+ in net revenue for the fiscal year 2022-2023 49 years of experience delivering exceptional network solutions Operations in 67+ countries, with additional clients in over 150 countries A dedicated workforce of over 130,000 employees Challenges Fragmented Organizational Coordination: The client's multinational structure led to complex decision-making and collaboration hurdles. Inefficient Workflows: Delays stemmed from inconsistent contract approval and signature processes across different regions. Stamp Paper Procurement Delays: Nationwide operations caused time-consuming challenges in sourcing stamp papers. Data Discrepancies: Vital contract data was scattered across 20+ interconnected systems, creating visibility issues. Collaboration Gaps: Lack of version control and... --- - Published: 2025-02-27 - Modified: 2025-05-09 - URL: https://www.volody.com/resource/case-study/e-commerce-contracting-a-transformation-case-study/ - Case Studies Categories: E-Commerce Case Studies E-Commerce Giant Streamlines Contract Management with Volody At a Glance An established e-commerce retailer in beauty and fashion implemented Volody’s AI CLM software to address manual workflow challenges & contracting inefficiencies. Volody automated workflow & implemented E-signing. The client experienced efficient approvals, version-controlled contracts, timely obligation management, and enhanced insights for informed decision-making. Category: E-Commerce Case Study Highlights The following are the highlights of the case study: 0 + Contracts Managed 0 Hrs Saved Per Contract 0 + Templates created About the Client The client is an established e-commerce retailer focusing on beauty, wellness, & fashion products. With a user-friendly website & app, the company provides a seamless and convenient shopping experience, catering to the needs of beauty and fashion enthusiasts across the country. Statistics $ 680M+ Net revenue for the fiscal year 2022-2023 2400+ Brands available on the website with 100% authentic products 1. 4 million+ Number of monthly visitors on the website 38% Market share in online beauty & personal care market. Challenges Manual workflow management: Inefficient processes and delays due to manual handling. Undefined approval rules: No documented guidelines for obtaining approvals making the process error prone. Lack of central repository: 4000+ physical contracts scattered without proper labeling. Unclear signatory identification: No clear mechanism or steps to identify contract signatories. Poor renewal & expiry tracking: Absence of a system to track renewals and expirations. Missing MIS: Lack of a monitoring and reporting system leading to uninformed decision-making. Solution Process The client, after careful deliberation, partnered... --- - Published: 2025-02-27 - Modified: 2025-05-27 - URL: https://www.volody.com/resource/case-study/largest-pharmacy-chain-switches-to-volody-clm/ - Case Studies Categories: Pharmaceutical Case Studies How a Pharma Giant Transformed Contracts with Volody AI CLM At a Glance A leading pharmaceutical chain implemented Volody’s AI CLM software to address manual workflow challenges & contracting inefficiencies. Volody's centralized repository & automated obligation reminders facilitated efficient contract oversight. The software's comprehensive MIS reports empowered stakeholders with enhanced visibility & control, enabling informed decision-making & better operational efficiency. Category: Pharmaceutical Case Study Highlights The following are the highlights of the case study: 0 + Contracts Managed 0 % Increase in Productivity 0 + Trademark Filed About the Client With a wide range of offerings, including medications, personal care products, and wellness services, the client ensures that the customers gets everything at one stop. Additionally, the client provides a user-friendly online platform for convenient purchases and home delivery. Statistics $150M + Net revenue for the fiscal year 2022-2023 14 years of experience in taking care of the customer’s health 350+ Stores in 204 locations across India with over 3500 workforce 900+ Qualified Pharmacists serving customers 24 hours. Challenges Paperwork Burden: Property documents & legacy contracts managed manually, prone to errors & inefficiency. Escalation Headaches: Difficulty calculating rent escalations & managing lease obligations without proper systems. Cash Flow Chaos: Cash flow management & security deposit refund tracking delayed due to manual methods. Contract Negotiation Complexities: Handling negotiations & maintaining version control presents challenges. License Logistical Lapses: Managing various licenses for each store consumes considerable time & resources. Solution Process The client, after careful deliberation, partnered with Volody to... --- - Published: 2025-02-27 - Modified: 2025-05-09 - URL: https://www.volody.com/resource/case-study/streamlining-automotive-contracts-a-digital-success/ - Case Studies Categories: Automobile, Manufacturing Case Studies Automobile Giant Streamlines Contracting with Volody At a Glance A leading automotive manufacturer successfully addressed approval delays & manual processes through the adoption of Volody's AI CLM. Through standardized workflows, digital requisition forms, and collaborative drafting modules, the client was able to significantly streamline its operations & minimize errors. The tool boosted visibility & with customized MIS reports an efficient contract management was maintained. Category: Automobile, Manufacturing Case Study Highlights The following are the highlights of the case study: 0 + Contracts Managed 0 + Templates created 0 Week to implement About the Client The company is actively involved in the manufacturing, assembly and distribution of automotive components, accessories. Overall, the company’s dedication to quality, innovation, & customer satisfaction has made it a trusted partner for industries relying on reliable and efficient machinery performance. Statistics $2. 53 B+ Net revenue for the fiscal year 2022-2023 116 years of experience in delivering the best results 240+ patent applications and more than 256 invention disclosures 42,000+ Qualified employees ensuring complete customer satisfaction Challenges Approval Confusion: The undefined process caused delays and confusion in obtaining necessary approvals. Signature Hassles: Reliance on physical signatures led to difficulties in accessing and retrieving contracts. Tracking Absence: No system for contract tracking resulted in potential missed deadlines for renewals and expirations. Error-Prone Reports: The manual creation of reports from dispersed data increased the risk of errors. Collaboration Friction: Incomplete information caused frequent exchanges between legal & business departments. Solution Process The client, after careful deliberation,... --- - Published: 2025-02-27 - Modified: 2025-05-26 - URL: https://www.volody.com/resource/case-study/digitizing-contracts-a-food-beverage-sector-success-story/ - Case Studies Categories: Food and Beverage Case Studies Food & Beverage Leader Chooses Volody CLM for Contract Management At a Glance A leading poultry company overcame contract storage and manual invoicing challenges with Volody's AI CLM. The platform digitized contracts, ensured secure drafting resulting in improved efficiency, security and seamless integration with accounting systems. The client experienced a notable shift in contract management, enhancing operational excellence and financial control. Category: Food and Beverage Case Study Highlights The following are the highlights of the case study: 0 + Contracts Managed 0 + Templates created 0 + Locations About the Client The client is a well-known poultry company that specializes in the production & processing of top-notch poultry products. The client has a firm commitment to delivering safe & nutritious poultry products. They are recognized for their robust distribution network and dedication to supporting the farmers. Statistics $ 1. 5B+ Net revenue for the fiscal year 2022-2023 39 years of experience in serving the customers & farmers 25,000+ network of poultry farmers with a high production capacity per day 15% of market share in the poultry sector Challenges Contract storage complexity: Managing physical contracts across multiple locations poses retrieval challenges. Low transparency: Tracking unauthorized changes to contract drafts is challenging, raising data integrity concerns. Authentication doubts: Offline signings create doubts about the authenticity of signed contracts. Lack of standardized template: Contract drafts are edited manually, leading to a time-consuming process. Stamp paper procurement hassles: Procuring stamp paper for contracts becomes challenging, adding logistical hurdles to the contract management... --- ---