Top 5 Mistakes Lawyers Commit while Contract Drafting!

23
May,2019
Contract Drafting Services

Drafting contract is the practice of evaluating and writing down the terms and conditions of the agreements/contracts with absolute detailing. This is specifically written in order to provide a clear insight into the contract to the signing parties and other readers. It is vital for both the parties to accurately understand the legal terms mentioned in the contract as any misunderstanding might pave way to a conflict in the future. Due to the complexities involved in drafting an error-free contract, bringing in the professional expertise of an attorney is recommended. But, ‘to err is human’ and this holds true for [...]

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What Role Does LPO Companies Plays in Contract Management?

21
Nov,2016
Contract Management

Contract management services are of great importance, especially for small businesses. It involves various processes like assisting with drafting standard contracts, creating and managing databases and repositories, contract reviewing as per standard position and map deviations, analyzing contracts for specific compliance or other requirements, redlining and negotiating agreements as per standard position, capturing, abstraction and summarization of key information etc. The contracts are used by small business owners to give their relationships with external parties a formal look. A poorly defined contract could easily lead to a dispute between parties and could result in the filing of court petitions. In [...]

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Managing Legal Contracts in the Modern Enterprise

15
May,2013
Legal Contract Management

Today, there is a rising need for corporations to implement rigorous legal contract management doctrines, especially contracts with third parties, to make sure that legal and regulatory requirements are carried out efficiently within the scope and constraints of the agreement. The ‘sign and forget’ attitude is a growing trend in today’s firms due to which many corporations’ are facing corruption and their bottom line is being severely affected. Signed paper copies of contracts that detail clauses, commitments, and obligations are required to be stored and preserved. The management of a contract needs to happen over its complete life cycle, which [...]

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