Contracts

What Skills do you Need to Work with Contracts?

What skills do Lawyers and Contracts Professionals need to work with Contracts?Both Contracts Lawyers and Contracts Professionals (and some Non-Lawyers) need to work with Contracts. At different times, this may include Contract Planning, Contract Drafting, Contract Review, Contract Negotiation, Contract Management, Contract Disputes, and implementing a Contracting Strategy. All of The 7 Pillars of Contracting, in …

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What is Contract Drafting? (Best Guide in 2023)

Definition of Contract Drafting Contract Drafting is the process of creating a legally binding written Contract (or other legal document) between the parties to a transaction. By drafting, negotiating, and executing a Contract, the parties deliberately place formalities around their agreement to protect each party better and establish their rights and obligations as well as …

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Construction Contracts vs ICT Contracts: 5 Key Differences in 2023

My experience as a Construction Lawyer and ICT Contract Lawyer I have been a specialist front-end Construction Lawyer for the last 20+ years. My focus is more on Contracting as a whole and on Blaze Professional Learning now, rather than Construction Law specifically. But I still have a very soft spot for my speciality, and I …

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Flowchart showing the process of Contract Review during the Contract Drafting Process, illustrating how Contracts Professionals review a contract

How Contracts Professionals can Review a Contract during the Contract Drafting process

At this stage of the Contracting process, either you are using a precedent or a template document to prepare the Draft Contract, or you have undertaken Contract Planning with your Lawyer and worked with them to draft the Contract.  The Draft Contract is now with you to review. But how do you go about the …

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5 Businesspeople shaking hands and celebrating executing a contract. Caption reads, "What is Contracting?"

What is Contracting?

If you are planning to enter into a business relationship with another party, you may come across the term “contract” at some point. A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their business relationship. Contracts are used to protect the interests of all parties …

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Examples of Contracts: What are some of the contracts you enter into every day?

Have you ever taken a moment to think about the number of contracts you enter into each day? This post gives you some examples of contracts that you might enter into without even knowing. It’s more than you might realise! Some of those Contracts are written contracts, some are verbal contracts. Some are express contracts, …

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Image of two women shaking hands with a man smiling beside them. The caption reads, "Contracts capture the basis of legal agreement between the parties, and they outline the terms and expectations of a business relationship."

Why are Contracts Important to Business in 2023?

Why do we have Contracts? Contracts are essential to any business, regardless of size, industry or jurisdiction. They capture the basis of legal agreement between the parties, and they outline the terms and expectations of a business relationship. Whether you’re hiring a new employee, purchasing goods from a supplier, signing a deal with a client …

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7 Reasons why a Contracting Strategy is Critical

Introduction Every organisation that uses contracts needs to have an effective Contracting Strategy in place if they are to protect themselves from potential risks, reduce disputes, and ensure that their business operations remain on track. Contracts are essential tools for organisations to ensure that their business operations run smoothly and efficiently and, perhaps more importantly, …

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