Essential Contract Review Tips for Sales Professionals: Read Client Contracts with Confidence
Iannarino
MAY 16, 2024
Ensuring you understand client contracts is crucial for sales success—don't let legal jargon trip you up.
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Salesforce
JANUARY 8, 2024
” A written sales contract should accurately reflect the verbal agreements made — or else you risk the buyer backing out of the deal or having a very unhappy or potentially litigious client after the deal is done. Sales contracts are vital to completing any business transaction. What you’ll learn What is a sales contract?
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Sales Hacker
OCTOBER 20, 2021
??. Contracts are the lifeblood of modern companies. In fact, contracts govern most B2B business deals. There’s no denying that contracts are an absolute necessity for conducting business. There’s no denying that contracts are an absolute necessity for conducting business. Sales teams are focused on speed.
SaaStr
DECEMBER 18, 2024
Dear SaaStr: What is the best way to deal with an “unauthorized signer” on a contract in SaaS sales? A large company signed a contract to buy about $30K worth of software from us, and then the person who signed the contract said he didn’t have the authority to. I’ve been there, on both sides of it.
Martech
AUGUST 10, 2022
Contracts are complex for a reason. I’ve seen and heard of my share of contract gotchas. When you decide to churn from the vendor, does your contract allow you to keep and use the data you’ve pulled into your CRM or other systems after the relationship ends? Don’t let contract gotchas catch you off-guard.
SaaStr
MAY 8, 2021
An annual contract gives you 365 days or so to fix that. I’ve long been a vocal proponent of annual contracts. Close say a $125k contract, even after a healthy sales commission, that’s $100k+ in the bank right now! Annual contracts require P.O., — Jason BeKind Lemkin (@jasonlk) September 4, 2020.
Hubspot
MARCH 22, 2022
A sales contract defines a relationship between two parties. A lot of time and effort is spent creating them, and this happens through a process called contract negotiation. Sales contracts are legally binding, so negotiation is often necessary to ensure everyone will get their needs met. Contract Negotiation Examples.
Sales Hacker
OCTOBER 9, 2020
Unfortunately, once the contract leaves your hands, the ball is no longer in your court. Instead of pacing back and forth, waiting for your contracts to come back, how can you take back control of this process to get your sales contracts signed faster? #1. Identify All the Contract Stakeholders. Use a Contract Overview.
G2
AUGUST 26, 2020
Especially in legal agreements. Details matter.
Sales Hacker
MAY 4, 2023
Operation pros—don’t miss this conversation on getting the most out AI in contract management. Identifying opportunities and risks (enabling teams to improve contract terms and conditions to negotiate better deals) Enhancing visibility into contracts— informing decisions, optimizing performance, and improving customer experience.
Sales Hacker
AUGUST 5, 2020
Contract lifecycle management (CLM) software. That sounds more in legal’s wheelhouse. Aside from legal, Sales is one of the primary departments involved in contracts. Plus, we’ll hear from 3 sales leaders who introduced this tool into their sales contracting process and drastically reduced their deal cycles.
Sales Hacker
AUGUST 5, 2020
Contract lifecycle management (CLM) software. That sounds more in legal’s wheelhouse. Aside from legal, Sales is one of the primary departments involved in contracts. Plus, we’ll hear from 3 sales leaders who introduced this tool into their sales contracting process and drastically reduced their deal cycles.
Martech
SEPTEMBER 20, 2024
Review the contract There are times in business when a lawyer is called for. Go over the contract with a legal expert. They can guide you through the legal parts, and you can help them with the technical parts. Document the incident: For legal reasons and internal review, it’s important to document as much as possible.
ClickFunnels
SEPTEMBER 27, 2021
Once you have their email addresses, then you can offer them your legal services. Another great platform to promote your legal services on is LinkedIn. For example: Brett Cenkus is the founding partner of Cenkus Law, PC a business law firm specializing in mergers and acquisitions, capital raising, and contracts.
Martech
JANUARY 9, 2024
Influencers who manage their own partnerships will have varying levels of experience and expectations regarding compensation and contract terms. Overly complex agreements can be a deterrent for some creators, so it’s best to keep legal and contractual requirements straightforward. Don’t forget the legal bits. Keep things simple.
SaaStr
OCTOBER 10, 2023
For many organizations, friction can arise between the GTM engine and the legal team. Their mindset can devolve into thinking they would have an easier time achieving this goal if the legal team stopped interfering. On the other hand, the legal team may feel that the sales team is taking risks that put the company in jeopardy.
Martech
FEBRUARY 27, 2024
But where do you begin to understand the business, financial and legal standards for engaging this talent pool? Businesses exist to help brands broker strategic partnerships with leading influencers, like this creator deal that rivaled professional athlete contracts.
Search Engine Land
JUNE 28, 2024
Here’s what Suleyman told CNBC’s Andrew Ross Sorkin at the Aspen Ideas Festival: “…With respect to content that is already on the open web, the social contract of that content since the ’90s has been that it is fair use. There is no such “social contract” that I’m aware of. Why we care.
Martech
APRIL 3, 2023
Given the immense excitement created by the availability of ChatGPT and similar tools, it was perhaps too easy to overlook warnings emerging from the legal profession over the last few months that it could run afoul of European data regulations — regulations which, in many ways, have become a de facto global standard. A legal requirement.
Sales Hacker
AUGUST 14, 2020
A misrepresentation happens when the numbers in a contract or offer are incorrect. Get the contract you want to renegotiate (it helps if you have an easy way to find and sort through these ) and study everything you can about the details you want to renegotiate. Avoid Legal Arguments. WGA renegotiates their contracts.
Search Engine Land
JUNE 26, 2023
Influencing decision-making Leadership support facilitates decision-making processes, obtaining approvals, securing partnerships, negotiating contracts, prioritizing SEO initiatives, and leveraging leadership influence to drive successful implementation and maximize SEO tool impact. Microsoft is one such company.
PandaDoc
FEBRUARY 28, 2023
Many put legal operations at the top of those changes. Legal operations refer to a set of processes and activities that improve the way law departments deliver services to their clients. What are legal operations? How do you best implement legal ops in your organization? What are legal operations?
Martech
FEBRUARY 26, 2024
The company made the comments in an unsealed post-trial brief submitted to a DC federal judge as part of its ongoing legal battle with the U.S. The DOJ accused Google of employing contracts with phone manufacturers and web browser operators for substantial sums of money to limit competition from other search engines like Microsoft’s Bing.
Partners in Excellence
JULY 17, 2024
God forbid, we even need legal support for very complex contracts. We can’t be deep experts in everything, we need specialists, support people, and others. We need to put together complex configurations, proposals. We need supporting materials and programs.
Search Engine Land
FEBRUARY 23, 2024
The company made the comments in an unsealed post-trial brief submitted to a DC federal judge as part of its ongoing legal battle with the U.S. Department of Justice, which has accused it of unlawfully monopolizing the search market. antitrust law. antitrust law. What Google is saying. ” “The purpose? What the DOJ is saying.
Sales Pop!
AUGUST 16, 2023
For international businesses in advertising, many rely on legal translations to ensure that all parties understand their rights and responsibilities. Legal Framework Governing Advertising and Marketing Advertising and marketing are governed by a complex set of laws and regulations that vary by country.
SaaStr
FEBRUARY 11, 2022
Really, it’s a next-generation Cloud player in eDiscovery, one of the oldest and largest categories in legal tech (a $15B category already). Selling to legal isn’t easy, otherwise I might have expected an even larger deal size. “Enterprise” sales to services businesses is often harder, with lower ACVs.
Cerebral Selling
MARCH 18, 2024
These might include things like the protocols for executing and processing sales agreements, making changes to legal terms and other official documents, or human resources procedures related to recruiting or termination conduct.
Martech
APRIL 25, 2024
This can change many things, including price, customer service, contract enforcement and more. Your legal team should review existing contracts to see if it has any “in the case of being purchased” clauses. Sometimes the acquiring company is stricter about contract terms,” said Petersen. “I’ve
Martech
NOVEMBER 2, 2023
Ad-free subscription On Monday, Meta announced it was rolling out ad-free subscriptions for Facebook and Instagram users in Europe and putting a “temporary” ban on ads to those under 18.
Salesforce
SEPTEMBER 27, 2021
Add to that, the company had previously signed a three-year contract with Slack for several thousand users, and five months later, it had blown past that allotment. Their contract was originally in our mid-market segment, but they outgrew our segment lines, which brought them into our enterprise team. Legal needs to approve it.
SaaStr
JANUARY 1, 2021
Frustrated with how long contracts take, all the redlines, and the drama in sales contracts? As they scale, they get out of the hackey way they do contracts, NDAs, proposals, and other documents. Then legal sends over an internal “issue” list. Revise your form contract twice a year. They will hate it.
Hubspot
JANUARY 18, 2019
And if they signed an exclusive contract with the other broker, you knew about the contract and continued to work with the buyer, this could result in a dispute. This article does not constitute legal advice. Understanding who the client worked with previously will alert you to the potential of a procuring cause dispute.
Martech
SEPTEMBER 12, 2023
For instance, does a legal contract favor one party over another? Rewriting: Taking an existing document or other piece of content and asking genAI to take the information and reframe it in another style, for another purpose. Classification: Identifying blocks of text and classifying them. Each category includes multiple tools.
Hubspot
JUNE 14, 2018
That’s a lot of contracts. An electronic signature is a digital mark indicating agreement to a contract or document. Are Electronic Signatures Legally Binding? Whenever there’s consent and intent, which is almost always the case, eSignatures are legally binding. So, how can you get started? What is Electronic Signature?
Sales Hacker
SEPTEMBER 29, 2020
Today on the show, we’ve got Vishal Sunak, CEO and co-founder of LinkSquares, a company that applies AI to your contract. Sam Jacobs: Today on the show, we’ve got Vishal Sunak, CEO and co-founder of LinkSquares, a company that applies AI to your contract. Sam’s Corner [28:45]. Show Introduction [00:10]. What is LinkSquares?
SaaStr
SEPTEMBER 15, 2019
Folks that sign contracts and don’t pay!! They signed a contract after all! Let’s talk here about the seemingly most frustrating scenario, the last one — the customer that signs a contract that then doesn’t pay. “They signed the contract!!” And just learn how to do better next time.
Veloxy
MAY 30, 2024
This means using contractions, asking questions, and using simple, straightforward language. Legal and Ethical Considerations in Cold Outreach We also have to be aware of the legal and ethical considerations in cold outreach. We should write as if we’re having a conversation with the recipient.
Martech
DECEMBER 6, 2024
Since martech practitioners who sit in marketing are close to the stakeholders who fund projects and platforms, they are in a good place to work with procurement starting, renewing and sunsetting contracts. They can also help coordinate between IT and legal stakeholders as they have information security and regulatory evaluations to conduct.
Martech
SEPTEMBER 12, 2024
Assisted authoring capabilities provide sales teams with AI-generated responses to contract questions, emails and summaries for quotes and proposals. Brightcove’s Brightcove AI Suite handles video content creation, audience growth and engagement. Oracle Cloud CX enhances personalization and improves upsell and cross-sell conversions.
Gong.io
SEPTEMBER 9, 2021
Those who dwell in due diligence: Budget approvers, legal/contract reviewers, and procurement analysts . Decisions makers: Senior leaders and executives who care about how the purchase affects their budget, strategic goals, and org alignment. Each of those groups can easily include five or more people.
Martech
NOVEMBER 19, 2024
Ban exclusive search contracts. Google’s VP of regulatory affairs calls the DOJ’s approach a “radical agenda” that exceeds the case’s legal scope. Separate Android from Search and Google Play (without requiring the sale of Android). Expand advertiser control and transparency. Restrict Google’s AI content usage. Between the lines.
Sales Pop!
OCTOBER 29, 2021
This is especially important when, for legal and other reasons, data cannot be shared from one geographical location to another. This activity is not even legal, as people would have to opt-in for us to contact them. For Pipeliner, we have chosen a very safe environment with Amazon Web Services (AWS). Risk Assessment. Stay tuned!
SaaStr
MAY 19, 2023
And cancel your contract no matter how happy those 10 seats. At risk: “rogue” purchase not approved by legal, procurement, etc. Just because 10 users love you at a BigCo, the CIO or others may well choose another vendor for all the other users in that division.
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