CONTRACT REVIEW AND MANGEMENT

Corner stone of every organization is none other than its contracts repository. It serves as an interface to the outer world and protects an organization from various liabilities and unforeseen events. An escape of a small ambiguity in drafting and reviewing of these critical documents is an open invitation to huge liabilities and scores of litigation. Lack of contract management can lead to embarrassment and huge liabilities.

To protect your organization from any such ambiguity is our Contract Review and Management Service. We refine processes followed at your organization and give full support in drafting, reviewing, and negotiations. Contracts are made accessible only on need to know basis. Contracts are managed with the help of latest software’s.

At GEIPER, we strive to provide our client with the best contract solutions as per their needs which passes through multi-level of review and quality checks:

• Contract Drafting : +

  • We provide our clients with first drafts of various types of contracts including but not limited to Master Services Agreements, Software Licensing Agreements, Non-Disclosure Agreements, Statement of Work (Legal portion), etc. Contract drafts are based on the clients existing contract templates and their business practices. Contract drafting is a continuous exercise, thus proper version management is practiced to maintain templates library.

• Contract Review : +

  • We review third party contracts to check its compatibility with clients’ acceptable parameters and policies. We conduct a check list based review to do away with any miss-outs. Our systematically developed checklist is end result of analysis of clients existing contracts and inputs from clients of prevailing industry trend. Also, we review clients’ contract templates executed by third party for ruling out the possibilities of any hidden changes. We are proud to say that we have been the final gate keepers for many of the clients’ contractual transactions, thus giving clients’ legal department necessary bandwidth to concentrate on core issues.
    

• Contract Negotiation : +

  • We provide our clients with the highly monitored negotiation support process to achieve a well negotiated contract, ready for execution. We make it a cardinal principle of our negotiation process to not to step beyond the client approved stretch limits and always seek clients’ approval in any such deviation need.

• Contract Management : +

  • We manage our clients’ contract by reminding them of the effective date, notice periods, payment time periods, upcoming expiry date, renewal dates or any other information they consider essential. We maintain crucial information of the clients contracts in the contract management software or any other mode as per the need. This provides client with the desired information at ease and customized reports.

• Contract Abstraction : +

  • We abstract large number of contracts from the clients’ contracts repository into the client provided contract management interface or contract software solution provided by us. Contract information from contracts is extracted as per clients need. Contract rule-book Development: We can devise a contract rule-book based on contracts repository, clients’ business practices and client negotiation stretch limits, which results into a precedent based solution to tedious exercise of finalizing contracts.