Contracts

Supporting you in contract management services

We draft, review and manage contracts for lawyers in law firms and corporate legal departments.

Drafting of contracts

We prepare first-cut drafts by using:

• Standard templates that conform to your house style and
• Unique variables relating to each contract

Your lawyers remain in control over the quality of the draft without spending time on mundane tasks.  We:

• analyze your drafts
• prepare standard templates
• identify the variables applicable to each contract, and
• develop a checklist of  “clauses” that might be needed to address the unique requirements of each agreement.

All your lawyers need to provide are the variables and checklist of clauses to be added or removed while we prepare a draft for your review.   Our clients have experienced a rapid reduction in time spent finalizing a contract as we work together.

We can handle a wide variety of contracts including:

• Sale of securities and derivatives
• Sale of goods or services
• Sale or mortgage of property
• Lease of property
• Lease of equipment
• Employment etc...

Review of contracts

We can review draft contracts received from other law firms or corporate legal departments and highlight clauses that:

• Are onerous or not in  your best interest
• Don’t  conform with your standard templates
• At variance with commercial understanding

We can also prepare draft responses or aide memoires for negotiation. Law firms and corporate legal departments that use us for Contract review outsourcing find the reduction in elapse time a bigger benefit than the reduction in costs by at least 50%.

Management of contracts

We can manage your contracts by maintaining a comprehensive database of all your contracts and thereby provide an overview of:

• Contract information (Purpose, Period, Entities, Addresses, Counsel, Validity, Termination rights, Applicable law, Jurisdiction etc.)
• Summary of terms
• History of notices

We can also summarize all obligations and covenants (to facilitate compliance) and all rights (to enforce compliance).