Contract Lifecycle Management: Stages & Key Benefits for Legal Departments

What is Contract Lifecycle Management (CLM)? The term “contract lifecycle management” (CLM) refers to the overall administration of contracts starting from its initiation, termination and further to its renewal by covering the whole of the management span of the contract with the purpose of enhancing business performance and reducing risk. Why is Contract Lifecycle Management …

Plagiarism Policy: The Ways And Means To Use It

Plagiarism is a very old concept. In the digital era, it has increased. The cause of it is an excess of information availability. The majority of nations have severe laws against plagiarism. Not an exception is India. In India, plagiarism is not explicitly prohibited by law. However, the majority of the time it is covered …

Why contract management is critical to SOX Compliance?

The Sarbanes-Oxley Act, or SOX, was signed 20 years ago. After over 20 years, substantial financial and auditing standards for publicly traded firms have been established by this federal law, and for many businesses, compliance with SOX is not only required by law but also a smart move. Section 404 is one of the more …

What occurs after the expiration of the 99 years lease term for land?

There are two categories of residential or commercial property: freehold properties and leasehold properties. Unlike leasehold property, which is typically leased for 99 years starting from the time the property is built, freehold property is self-explanatory—it is “free from hold” of any authority other than the owner for an endless period. Leasing is one way …

What legal requirements must a start-up meet?

Entrepreneurs should ensure they are adhering to all legal requirements associated with operating a small business before launching a new business venture. For new companies and startups, there are a variety of legal requirements, such as financial rules, tax requirements, and employment restrictions. Make sure your new business abides by all of its legal obligations …