contracts tag questions
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What is the difference between an evergreen contract and an auto renewal contract?
We typically use auto-renewing contracts for a long term supply agreements. However, we are looking at using evergreen contracts for a few contracts. I'd like t...2370 views1 answer1 star -
When is an Indication of Interest used in acquisition negotiation instead of a Letter of Intent?
We are developing a list of potential acquisition targets in our industry. We have existing alliance or joint venture agreements with some of these companies. W...1251 views2 answers2 stars -
How to categorize contract obligations?
We want to make our contracts more useful to managers throughout the company. Full text search of contract files does not actually help them get what they n...2294 views1 answer0 stars -
What is the risk in executing a unilateral NDA?
We are a small software company that has recently starting getting traction in the enterprise market. Our price point is modest relative to other applications. ...1985 views1 answer1 star -
How to structure an earn out for the acquisition of a private company?
We are would like to buy our first small business. The seller said that he is "open to an earn out." The company is a subchapter C corporation, but this iss...1516 views1 answer2 stars -
What is a Business Associates Agreement (BAA) and how do I track it?
I recently joined a healthcare company to set up and run its contract management function. While I have lots of contract management experience. The nuances...1719 views1 answer1 star -
Why is the royalty payment under our contract not considered a royalty for tax purposes?
We provide services to customers using a product sold by a company we are partnering with. We negotiated a contract where we provide those services at a red...1036 views1 answer0 stars -
How to integrate compliance reviews related to contracts?
We have contracts with regulated companies (health care). The contracts require us as a vendor to monitor and comply with laws that cover our work with our ...1261 views2 answers0 stars -
How do we manage the risk of working with a sole proprietor?
We have a few vendors and consultants how are sole proprietors or part of small firms, where one person is critical to the service they provide. In one case the...1316 views1 answer0 stars -
How should we track the equipment covered by our lease agreements?
With so many lease agreements for different pieces of equipment, it does not make sense to track our "lease agreements," because that is too general. We wou...1486 views1 answer0 stars -
How to tell whether a contract is auto-renewing?
I am new to contract management. Most of our contracts have fixed terms. But I've just learned that contract "auto-renewed" without anyone on our team knowing a...1166 views1 answer0 stars -
How to track financial or payment terms in a contract?
Our general counsel's office would like a report summarizing our contracts by their revenue type. Unfortunately, out accounting system does not support what...956 views0 answers0 stars -
What alternatives to non-competes are used in California?
We are opening a facility in California and understand that non-competes are effectively illegal there.1070 views1 answer2 stars