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General Counsel and Contract Management

on Friday, 02 May 2014. by Mark Little

Busy corporate counsel manage hundreds or thousands of contracts of every variety: confidentiality agreements, licensing, employment letters, joint ventures, sales contracts, purchase agreements, leases, and M&A agreements. Every agreement has its own lifecycle, including amendments and renewals. Contracts that establish a framework for continuing business activity require continuous monitoring for compliance.

Contract management software brings corporate counsel closer to the business, enabling better risk management and rapid response to new contract requests. Contract management software offers corporate counsel three benefits:

  1. Establish compliance tracking
  2. Accelerate contract turnaround
  3. Advise executives about portfolio level risk

In house legal counsel use Contract Analyst to improve compliance and manage risk.