Evolution of the word processor
Contract Creation eBook: Drafting contracts with a word processor
What is this eBook about
In theory you could draw up contracts very disciplined with templates, version management and placeholders.
In practice, we see a lot of back and forth emails with attachments. Drafting contracts with a word processor turns out to be a messy process.
It becomes problematic if you want to manage the contracts. Some companies print them out and sign with the pen. You might as well have typed the paper document with a typewriter.
Drawing up contracts
Drafting contracts with a word processor is possible. You can use templates with placeholders and possibly collaborate online to prepare the document.
When you want to manage the contract, you are left with a mountain of unstructured data. Information such as the end date must therefore be retyped in other systems. A mistake has been made.
Contract Data Management
A Contract Data Management does understand the context of contract data. During the drafting process, you already determine how you want to manage the contract. Retyping is no longer necessary.