Contracts

Creating a new account is easy in Lextree. There are 3 simple steps.

The contract details page for a contract contains a wealth of information and features about the contract.

Once you create your account, we recommend a quick review of some basic administrative settings. You can change your mind about any of these settings at anytime.

Lextree reports use a set of features and pre-defined data to generate flexible reports easily.

Many organizations want to compartmentalize access to contracts. There are four ways to restrict access to contracts or to otherwise limit features to certain users: groups, roles, document access, and task workflow assignments.

The two most important contract workflows in contract management are for new contract approvals and contract amendment approvals. Each organization has variations of each workflow, and there are other workflows depending on company, industry, or process, but these two will illustrate the principles of contract management workflow.

Many organizations want to track contracts based on some internal structure, such as department, subsidiary, or business unit. Assigning a contract to your internal structure is straightforward in Lextree.

From the contract record you can initiate two types of tasks: a single action task, or a task workflow. Tasks are available to Business and Enterprise edition subscribers.

Collaboration on contracts and contract management is built into Lextree. There are two pillars of collaboration in Lextree: unlimited user licensing and access controls. Organizations on the Business or Enterprise subscription plans can take advantage of the collaboration features.

To request a contract or approval for a contract, Users with the Requestor role can access the Request button on the Contracts page. The Request button will start a quick two step process to gather information about the contract and the request.

This video provides a quick overview of the major areas of Lextree for Contract Management.

To request approval for a contract amendment in Lextree, navigate to the contract record you want. Select the Tasks tab.

Let’s add a simple Non-Disclosure Agreement to Lextree. Lextree will walk us through two steps: 1. Create the contract record and 2. Upload the first document.

There are several types of tasks and related actions. There are three ways to access tasks assigned to you. First, you can click on the link in the email about the task assignment which you received from Lextree Alerts.

The contract repository is available on the Contracts page from the menu bar. Only contracts allowed by the logged in user’s permissions are displayed in the repository. Admin Users can change permissions for User in Settings > Users & Groups > Users.

See the power of saved reports in Lextree for Contract Management. Learn how to leverage both static and dynamic reports for better analysis.