12 Steps to Draft an Error-Free Legal Contract – Infographic

19
Jul,2019
contract drafting services

Contracts are an inevitable part of every business organization as it helps to establish better and strong relationships with vendors across the industry. However, drafting contracts is not a cakewalk, it require expertise and knowledge. This is where lawyers come into play! Lawyers are professionals in drafting contracts for businesses, regardless of their domain. But you cannot deny the fact that lawyers are often pre-occupied with the excessive workload that involve cases, client interaction, documentation, legal research and lot more. For this purpose, lawyers don’t have enough time for drafting contracts with great accuracy. We suggest businesses to have basic [...]

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9 Common Pitfalls to Avoid in a Document Review Process!

17
Jun,2019
Legal Document review

The document review process holds immense importance during litigation and is considered to be an expensive and labor-intensive task. It constitutes one of the major stages of the Electronic Discovery Reference Model (EDRM). The documents concerned with the litigation are assessed carefully for their responsiveness and relevance. The lawyers who review the documents must review them one by one to know the kind of information they contain and how useful that information is to the case. Adding tags, such as ‘hot’, ‘important’, ‘negative’, etc., help in collecting the most valuable information for the later use during the trial. 9 Common [...]

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How to Prevent Legal Contract Review Mistakes?

04
Dec,2018
contract review

When two or more parties desire to do business with each other, a contract addresses the activities entered into by both establishments and the terms through which they will accomplish each part of their agreement. Before signing any deal, businesses typically prefer to review the contract to understand all the terms and conditions imposed by the other party. This further helps to avoid disputes or claim for reimbursement if one fails to stick to the conditions mentioned in the contract. However, a contract is a legal document that involves legal terms, which cannot be understood by a layman. That’s the reason businesses [...]

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Why You Must Have Your Contract Reviewed?

23
May,2017
Contract Review

What’s the significance of contract review? A lot of business owners think it to be an agonizing procedure. Seeing the contract, comprehending it, the legal vocabulary heaven forbid you to have to have an attorney engaged. In case you don’t get a contract reviewed by an attorney prior to signing it, what might possibly go amiss? Numerous things! A higher percentage of the contract disagreements we observe occur as a result of a client signing or agreeing to a legal contract which they either didn’t glance at or perhaps didn’t comprehend. The ‘she’ll be right’ outlook is ideal for having [...]

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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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