Category

Contracts & NDAs

In today’s business culture, contracts (including NDAs) are commonplace and the high volume can be a heavy burden on in-house legal teams and law firms that may not have the capacity to manage them efficiently and in a timely fashion. At Baer Reed, we offer services for contract analysis, contract management, abstraction and summarization, and populating contract databases as well as NDA review, editing, and negotiating. Our legal support team can effectively manage contracts to improve efficiency and improve turnaround times in the contract lifecycle.

Efficient Contract Management Lifecycle Strategies
Efficient contract management lifecycle strategies are essential for organizations to ensure that agreements are executed seamlessly, terms are adhered to, and business risks are minimized. The contract management lifecycle includes various stages from creation through execution and eventually termination or renewal, all of which require proper strategies to handle them seamlessly. Managing contracts effectively not...
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Streamlining Success How Outsourcing Contract Management Expedites the Review Process
The efficiency of outsourcing contract management and the review process can significantly impact the overall success of an organization. Expediting these tasks not only accelerates deal closures and related business deals, it also minimizes the risks associated with not fully evaluating contract terms. Leveraging an external contract support team can benefit businesses looking to streamline...
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Streamlining Efficiency Developing a Structured Contract Database with a Support Partner
In the dynamic landscape of modern business, an organized contract database is not just a convenience; it is a strategic imperative. Efficient contract management can make the difference between seamless operations and potential legal complications. Tagging for Precision Developing the foundation of an organized contract database is based on utilizing an effective tagging strategy. This...
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Efficient Contract Review-FAQs-Support Solutions
As organizations deal with greatly increasing volumes of contracts and legal documents, they need to establish cost-effective and streamlined review processes to ensure that these contracts are handled efficiently. Here are some frequently asked questions about support solutions in contract review. What is a contract review? Contract review involves analyzing a legal agreement and evaluating...
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Efficient Contract Review Contract Review Checklist
In order to mitigate risks, prevent disputes, and ensure compliance with relevant laws, legal teams should have an efficient contract review process that highlights relevant contract terms and manages contracts efficiently. There are various ways to leverage workflow strategies to improve the contract review process, and a thorough contract review checklist is an essential component...
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Critical Clauses When Managing Contracts
Managing contracts requires numerous steps to ensure compliance throughout the contract lifecycle, including knowing which clauses are most critical. In addition to the scope of services, pricing and payment structure, and designated timeline (duration and renewal terms) indicated in a contract, the following critical clauses are also crucial to a successful outcome. Confidentiality Clause When...
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Transitioning Contract Management Processes & Building Operational Efficiencies
Transitioning contract management processes from manual to digital requires planning and can lead to a boost in your operational efficiency. Through workflow automation and integration, your contract management system becomes a highly beneficial way to ensure better performance, boost productivity, avoid missing deadlines, and save you time, money, and resources. This transitioning of your contract...
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NDA Outsourcing Freeing Up Internal Teams
Reviewing non-disclosure agreements (NDAs) can be a difficult task, and can pose risks for the unwary. However, such reviews are necessary to protect the parties’ rights and interests. Part of the difficulty stems from the fact that a well-crafted NDA should be tailored to reflect the specific circumstances it is designed to cover whether it...
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Parties & Governing Law The Key Elements of Negotiating an Non-Disclosure Agreement
Certain provisions in non-disclosure agreements (NDAs) do not always receive the attention or scrutiny they deserve, since they initially appear to be standard or straightforward provisions and clauses. However, failing to tailor the parties, governing law, and venue provisions to address the circumstances giving rise to the agreement can have unintended consequences and should be...
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NDA Editing Object of the Contract and Allowed Disclosures
During the NDA editing and negotiating process, when a confidentiality agreement is being reviewed, attorneys must ensure that the agreement accurately identifies the information to be protected, and that it considers the situations in which disclosure of protected information would be allowable and hence not constitute a breach of the contract. Scope of Protected Information...
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