Reduce the time between negotiating business terms with a supplier and signing a contract. We make it easier for your contingent workers to engage in legal and compliant ways, reducing engagement risks. We provide comprehensive contract management services to law firms and corporate legal departments, including contract administration, drafting, review, redlining, negotiation, remediation, gap analysis, abstraction, and summary. We help you achieve your goals and optimize your productivity and contract management specific to your needs as you attempt to reach the efficiency and cost-effectiveness of your requirements process.
- TEMPLATES FOR CONTRACT MANAGEMENT AND NEGOTIATION PLAYBOOKS
Many contracts, including nondisclosure agreements, license agreements, master service agreements, and so on, are regularly negotiated as needed in a typical firm. Because each negotiator has their preferred forms and bargaining positions, our team attempts to reduce inconsistencies by creating standard contract templates approved for usage.
Your contract professionals can agree on standard terminology for use in each sort of contract template deemed appropriate during this process. Form language allows businesses to swiftly identify and mitigate compliance risks connected with non-standard elements that may be negotiated into their contracts. We also help create playbooks with a list of dealing fallback positions you may employ while negotiating contracts. Playbook material is typically based on previously agreed-upon and approved fallback positions and organizational policies with limited flexibility.
- DRAFT AND REVIEW OF CONTRACTS
Our team of trained and experienced specialists assists businesses in drafting various contract forms. Under the supervision of your attorneys, drafts are prepared in accordance with your standard templates. During this process, we also identify appropriate variables and create a clause checklist based on the contract's needs.
It is common practice to review existing contracts regularly to ensure that they continue to satisfy your needs. Our reviews can help you enhance the consistency of your contract and client satisfaction. While achieving your objectives, we review contracts for completeness, compliance, version comparisons, concerns check, risk tolerance levels alignment, and other regulatory issues. We also assist you in reviewing your drafts to ensure they follow your standard templates and are consistent with your objectives. In short, our contract management services will always help you handle everything related to contract management.
- THE MANAGEMENT OF CONTRACT RISK AND OBLIGATIONS
Based on your needs, we offer the most significant component of the contract management process as a service to enable proactive risk monitoring and increased visibility across several categories, such as financial, contractual, performance, and third-party. Our devoted team of expert resources breaks down contracts to track duties with a clear-cut logical, objective view of information, such as notice, confidentiality, exclusivity, and indemnity and insurance, using advanced tools and apps of your choice.
We help you achieve your goals through a systematic process that includes risk mitigation, statutory compliance, meeting deadlines for milestones and goals, enabling easy navigation across clustered data, clearly distinguishing parties' rights and obligations, eliminating ineffective boilerplate clauses, and flagging financial liabilities.
- DUE DILIGENCE IN CONTRACT
When you require further legal assistance, we provide outsourced contract due diligence review services tailored to your needs. Our skilled team systematically approaches this critical component of a risk management plan, allowing you to make educated decisions as needed. Due diligence is performed to help you obtain valuable information to uncover any legal risks and provide you with a comprehensive understanding of all issues of confidentiality, potential or existing liabilities, third-party consents, or regulatory approvals to evaluate legal matters and the likelihood of your transaction's success.