Contract Planning

Contract Planning vs Project Planning

If you work with Projects and have In-House or External Lawyers with whom you frequently interact, you’ve probably heard the phrase “Contract Planning.” And of course, all Contracts Professionals understand what Project Planning is, right! Let’s get the differences clear…Contract PlanningProject Planning Focuses on putting in place the Contract for the ProjectInvolves all necessary planning to …

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Contract Plans vs Contract Management Plans: Understanding the Key Differences in 2023

Introduction Many Contracts Professionals get confused about the difference between Contract Plans and Contract Management Plans. It doesn’t help that these two concepts are often referenced differently in different industries and fields. For example, those in Procurement often call “Contract Plans” anything to do with the Contract Lifecycle up until Contract Execution. This blog post …

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What is a Contract Plan? (5 Steps to Take Before Drafting a Contract)

It’s important to have a well-thought-out Contract Plan in place before you start drafting a Contract. What is a Contract Plan? A Contract Plan is a detailed outline of the process you will take to draft the Contract, as well as the terms and conditions to be included in the final Contract. It may also …

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15 Reasons why Lawyers and Contracts Professionals should Plan a Contract

Do many Professionals plan Contracts? Out of 249 Contracts Professionals surveyed, 86% indicated that they either don’t plan a Contract before drafting, or that they don’t know how to plan a Contract. Whose job is it to plan the Contract? Of those 86%, over half (50%+) believed that it was the Lawyer’s job to plan …

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What is Contract Planning?

What is Contract Planning? Contract Planning refers to the process of preparing to draft a Contract that supports the organisation’s goals and objectives. It involves the Contracts Professional and their Lawyer identifying the needs and goals of their organisation, identifying the preferable form of Contract, determining the appropriate risk allocation for the Contract, gathering relevant information, …

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