In today’s times, it is imperative for any law firm/corporate legal department to have robust procedures for managing the contracts that they get into with their clients, their suppliers/vendors, their partners or their employees. Practically every legal firm would have a great number of active and concluded contracts stored with them in the forms of paper files or digital media. Most of the regulatory compliance procedures not only focus on how these contracts are stored but also focus on how efficiently is the critical information contained in these contracts managed and organized.
Right from drafting a new contract to managing one after its closure, the entire process posts enough challenges that weighs down upon legal professionals and firms. That’s exactly where a team of well-trained professionals with experience in offering contact management services comes in handy.
The contract management services team at LinksToValue comprises of legally trained professionals and experienced paralegal staff and is well-versed with the handling various types of contracts pertaining to diverse industry verticals. The contract management services offered by LTV consist of:
Contract Drafting Services
Our team has been assisting various firms with preparing of initial drafts of various contracts based on their in-house legacy contracts or templates and modifying them as per the variables/guidelines for the newer ones. These contract drafts are then vetted by the legally trained professionals before final delivery. Thus our clients save a great deal of time in finalizing these contracts.
Contract Review/Contact Auditing
For the existing contracts, the contract review/auditing team at LinksToValue can assist with a diligent review of various clauses in the contract from both completion and compliance view point. Our contract review services include but are not limited to:
- Identification of any inconsistent or contradictory inclusions in the contract
- Recommend any additions/amendments favouring our clients’ interests
- Flagging any differences between the versions of these contracts
- Check the formatting consistency and hyperlinking in the contracts
Contract Abstraction/Contract Summarization
Sometimes these contracts may run into hundreds of pages which makes their review an extremely t-me-consuming and tedious process for any attorney. Contract Abstraction team at LinksToValue has vast experience in providing accurate and high volume contact abstracting services for a wide spectrum of contracts. LTV’s contract abstraction services include extraction of information related to key dates, involved parties, various service/legal clauses, contract term/tenure, commercial terms, renewal and termination clauses, jurisdiction, and other pertinent information. This abstracted data can be then be migrated to any standard database format for hassle-free storage and retrieval in the future.
LinksToValue’s contract management services are handled by a well-qualified team with technical and technological expertise in dealing with high volume contract abstraction projects comprising a wide spectrum of projects, including:
- Service Agreements
- Consultancy Agreements
- Employment Agreements
- Mergers and Acquisition Contracts
- Real-estate Lease Documents
- Insurance Agreements
- Licence Agreements
- Vendor/Supplier Agreements
- Confidentiality/Non-Disclosure Agreements
- Statements of Work
- Intellectual Property Agreements
To get more information about how LTV’s contract management services can help your firm, please write to us at [email protected] OR call us at + 1 (347) 269 0509.