Contracts Archives - Caveat Legal

AI in Contract Analysis and Management: Strategies for the Modern Era

AI in the context of contract analysis and management refers to the use of machine learning and natural language processing technologies to automate and improve various aspects of contracts, transforming the way contracts are analyzed, managed, and enforced. AI has become an indispensable tool in contract analysis and management, offering significant improvements in efficiency, accuracy, […]

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Tax Matters: Future Allowances on Contracts

Tax Law / caveat

Section 24C of the Income Tax Act, No. 58 of 1962 (“Act”) provides for an allowance in relation to moneys received upfront in terms of a contract where expenditure will be incurred at a future stage. More specifically, the section applies if the income of any taxpayer in any year of assessment includes or consists

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Contract Management Systems: Tips for Selection and Optimisation

Data Protection Law / caveat

With so many contract management systems (CM Systems) on the market these days, it can be daunting trying to select the right one for your organisation. Getting employees to use the CM System once implemented can be a battle in itself, if the system is not user-friendly or complementary to your organisation’s current processes. Set

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Choose the right Dispute Resolution Clause for your Contract

Commercial Law, Commercial Litigation Support / caveat

By the time the ‘big ticket’ items in a contract have been decided, it is tempting to ignore the rest and hope for the best. As anyone who has had to end a business relationship or deal with a dispute governed by a contract can attest to, although no one may have given the dispute

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Breach of Contract, Simplified

Commercial Law / caveat

What is breach of contract? In business and in life, we enter into contracts with other people. Contracts can be written agreements or verbal agreements, but at the end of the day, a contract is simply an agreement between two parties as to what each party will do (their obligations), and what they will receive

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