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The Malbek Blog

The go-to resource for contracting insights, best practices, and CLM industry related news. Don't miss out on the weekly content!

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what does the application of contract of adhesion mean
Colin Levy

Contract of Adhesion – What is an Adhesion Contract & When to Use It

What is a Contract of Adhesion? A contract of adhesion contract, colloquially known as a take it or leave it contract, is a legally binding agreement where one party sets the terms and conditions, and the other party must either accept or reject the contract in its entirety. The party presenting the contract has significantly

Malbek Named Market Leader in SoftwareReviews Contract Lifecycle Management (CLM) Data Quadrant
malbek

Malbek Named Market Leader in SoftwareReviews Contract Lifecycle Management (CLM) Data Quadrant

Princeton, NJ, November 20, 2024 (GLOBE NEWSWIRE) — Malbek, the innovative contract lifecycle management (CLM) platform, has been named the Market Leader in the prestigious SoftwareReviews Contract Lifecycle Management Data Quadrant. The recognition is based on extensive feedback from verified users, with Malbek achieving the highest composite satisfaction score (8.3/10) among all vendors evaluated. The

Contract AI - Generative AI in Contract Management
Jonnie Castorino

Contract AI – The Dos and Don’ts of Using AI in Legal Workflows

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

Ensure confidentiality in your contracts by understanding what is an NDA.
Ed Breault

NDA Agreement & CLMs – What is an NDA? How Do NDAs Work?

Non-disclosure agreements (NDAs), or confidentiality agreements, are essential legal tools to safeguard sensitive information shared between parties. These contracts outline the responsibilities and obligations of the individuals or organizations involved, ensuring that confidential data remains secure and is used only for its intended purpose. NDAs are vital in various business relationships, such as partnerships, employee

SOW definition in business
Jonnie Castorino

SOW (Statement of Work) – Definition, Utility & Examples

What is SOW in business? Imagine a detailed roadmap that guides both client and vendor through the twists and turns of a project journey. This critical document outlines specific work, deliverables, timelines, and costs, serving as the North Star for all involved parties. The SOW definition in business extends beyond a mere checklist; it’s a

CLM implementation
Lizzy Painter

CLM Implementation – How to Set Up Your CLM Fast & Easy

Contract Lifecycle Management (CLM) implementation is the process of deploying a CLM solution (or upgrading the existing one) to manage an organization’s end-to-end contract processes. This involves configuring the software to meet the company’s specific needs, migrating existing contracts, integrating with other systems, and training users. Implementing a contract management system is crucial for streamlining

what is a clinical trial agreement
Lizzy Painter

Clinical Trial Agreement (CTA) – How Can a CLM Help to Do it Right?

Clinical Trial Agreements (CTA meaning medical agreements and not Call-To-Action, which is an often used marketing term) are fundamental to the successful execution of medical research. These legally binding documents serve as the cornerstone for collaboration between sponsors, research institutions, and investigators. CTAs, also known as Clinical Study Agreements (CSAs), outline the terms and conditions

software for pharmaceutical companies
Jonnie Castorino

Pharma CLM – What is Critical in Pharma Contract Management?

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

Jonnie Castorino

Malbek Launches Vertical Power Pack Industry Solutions on CLM Platform  

New Purpose-Built Industry Packages Transform the Speed, Accuracy, Compliance, and Ease of Doing Business for Customers.   Princeton, NJ — October 10, 2024 (GLOBE NEWSIRE) – Malbek, a leading provider of contract lifecycle management (CLM), is thrilled to announce the launch of our new Malbek Vertical Power Packs featuring industry-specific capabilities to meet the unique challenges