Pro Tip #1: Make sure your accounting department know what’s in your contracts. Many businesses sell their product to clients based on volume - ranging from volumes of bandwidth to volumes of spaghetti sauce to volumes of heating oil. Both suppliers and customers benefit from making certain volume commitments in advance. Customers have a chance to lock-in a certain amount of supply, often at a set price. On the other hand, minimum volume commitments permit suppliers to appropriate resources accordingly.
Tip #1: Tracking Auto-Renewal provisions can save you millions. Modern businesses specialize in the core products or services they want to sell. To do so, each must depend on the specialization of partners, suppliers, vendors, and contractors to supply necessary products and services for its business to operate. For example, you are probably reading this website using software from one company and Internet access from another.
Using technology to bring people key information is a core mission of Contract Wrangler. And when we are not at work helping businesses with their contracts, we often have the same mission in our community. We are especially proud of our UX Designer Laura Serrano and Front-End Developer Brittany Andrews who teamed up to create Blockhero, a gamification that incentivizes users to sign up for emergency SMS alerts from Chatham Emergency Management Agency. The team won second place at Hack for Savannah '17.
Discover the 5 hidden business risks that can sink your company if left unattended. Risk #1: A verbose lawyer is dangerous. Some attorneys seem to believe they are paid by the word and that job security stems from developing texts indecipherable to the layman. The reality is that long sentences in your own contracts can bite you.