Contract Management

Because a contract does not end at signing

Too often, as soon as a contract is signed it is thrown in a file never to be looked at again unless and until there is a problem. However, increases in the number and complexity of contracts have amplified the importance of efficient contract management to avoid surprises and maximize efficiencies. As part of our contract management services we systematically track all agreements so that you receive advance notice of termination, expiration, and auto-renew deadlines. We also maintain a database of the key provisions of each agreement, such as indemnity, confidentiality or non-competition, which permits quick and easy analytical review and assessment of overall contractual risk exposure. It’s also an essential tool for any business anticipating an acquisition as it dramatically streamlines the due diligence/disclosure process. We also track obligations to provide notice or obtain approval for major business changes during the term of the agreement, including new insurance policies, changes of address or ownership structure.