Mansi Rana

Contract intelligence is the process of turning contracts from static legal documents into structured, searchable, and actionable business data. Using artificial intelligence, natural language processing, and machine learning, contract intelligence platforms read contracts, extract key terms and obligations, identify risks, and make the information accessible to legal, finance, and procurement teams in a form they can actually use.

E-signature adoption in BFSI, healthcare and government in India is no longer a question of whether electronic signing is legally valid. The Information Technology Act, 2000 settled that over two decades ago. The question today is how organisations in each of these sectors are implementing e-signatures in a way that is consistent, secure, and audit-ready at the volumes they need to operate at.

A contract lifecycle management platform holds some of the most sensitive commercial data an organisation produces. Executed agreements, pricing commitments, indemnification caps, liability thresholds, vendor terms, and confidential counterparty information all sit in one place. For enterprise procurement teams evaluating CLM vendors, security is not a secondary consideration to be reviewed after functionality. It is a foundational requirement that shapes the rest of the evaluation.

The Insurance Regulatory and Development Authority of India released the Insurance Fraud Monitoring Framework Guidelines on 9 October 2025. These Guidelines come into force on 1 April 2026 and replace the IRDAI Fraud Monitoring Framework circular that had governed the sector since January 2013.

When two parties enter into an agreement, something must be exchanged between them for that agreement to be legally enforceable. A promise made without anything in return is, in most cases, just a promise. It may be morally binding, but the law generally does not treat it as a contract.

Every contract that is validly formed must eventually come to an end. The obligations it creates — to pay, to deliver, to perform a service, to refrain from an act — cannot continue indefinitely. At some point, the legal relationship established by the contract is extinguished, and the parties are released from their duties under it.

Most people think of a contract as a formal agreement where two parties sit across a table, negotiate terms, and both sign on the dotted line. This is the most familiar form of contract. But not all contracts follow this structure.

Every organisation, regardless of size or industry, depends on external parties to keep its operations running. Software providers, law firms, logistics partners, IT service companies, consultants — these are all vendors that businesses engage with on a regular basis.

Contracts get signed every day. Agreements are executed, financial documents go out, regulatory filings are submitted. But who actually has the legal right to do all of that on behalf of a company?

Contracts are the foundation of almost every business relationship. They set out what each party is expected to do, when they must do it, and what happens if they do not. When one party fails to meet those expectations, it gives rise to a breach of contract.

Businesses and legal professionals regularly deal with situations where performance cannot be guaranteed until a future event takes place. In such cases, parties often turn to a specific type of agreement that links obligations to conditions rather than immediate action.

When a business changes hands, a key vendor exits a project, or a company restructures its debt, one common legal question arises: what happens to the existing contracts?