Contract Management

CONTRACT MANAGEMENT

We assist law firms and corporate legal departments in providing comprehensive contract-lifecycle management support services, including contract administration, drafting, review, redlining, negotiation, remediation, gap analysis, abstraction and summarization.

As you seek to increase the efficiency and cost-effectiveness of your requirements process, we help achieve your goals, optimize your productivity and manage your contracts tailored to your needs.

CONTRACT TEMPLATE MANAGEMENT AND NEGOTIATION PLAYBOOKS

In the typical organization, many contracts, such as nondisclosure agreements, license agreements, master service agreements, etc., are frequently negotiated as needed. As negotiators have preferred forms and negotiating positions, our team aims to ease this inconsistency by developing approved standard contract templates for use.

During this process, your contract professionals can agree to common language for use in each type of contract template deemed fit. Using form language helps quickly identify and mitigate compliance risks associated with non-standard provisions that might be negotiated into its contracts.

We also help create playbooks with a list of dealing fallback positions for your use while negotiating your contracts. Generally, playbook content is based on agreed and accepted fallback positions in the past and the company policies with limited flexibility.

CONTRACT DRAFTING AND REVIEW

Our team of qualified and experienced professionals help firms in drafting different types of contracts. Drafts are prepared to conform with your standard templates under the supervision of your attorneys. Further, during this process, we identify suitable variables and prepare a checklist of clauses as per the requirements of each contract.

It is a well-recognized practice to periodically review existing contracts to determine whether they still meet your needs. Our reviews help to improve your contract’s inconsistency and client satisfaction.

While pursuing your objectives, we review contracts for completeness, compliance, version comparisons, concerns check, risk tolerance levels alignment, and other regulatory issues. We also help you review your drafts to conform to your standard templates and not conflict with your goals.

CONTRACT RISK & OBLIGATION MANAGEMENT

Based on your need, we provide the most critical requirement of this process as a service to ensure proactive risk monitoring and increase visibility across different categories, such as financial, contractual, performance and third party.

With the aid of sophisticated tools and applications of your preference, our dedicated team of skilled resources breaks down contracts to track obligations by a clear-cut logical and objective view of information, such as notice, confidentiality, exclusivity, and indemnification and insurance.

We support you to achieve the objectives with a systematic process, including mitigation of risks, ensuring statutory compliance, meeting time frames associated with milestones and goals, enabling easy navigation across clustered data, clearly differentiating parties’ rights and obligations, eliminating inadequate boilerplate clauses, and flagging financial liabilities.

CONTRACT DUE DILIGENCE

We aim to provide outsourced contracts due to diligence review services tailored to your specific requirements when you seek additional legal support. Our experienced team brings a systematic approach to this essential part of a risk management strategy that allows you to make an informed decision as necessary.

Due diligence is undertaken to help you acquire valuable information to uncover any legal risks and provide you with an extensive insight into all issues of confidentiality, potential or existing liabilities, third-party consents or regulatory approvals to evaluate the legal matters and possible success of your transaction.