How lawyers & paralegals
can add value after
contract execution
Contracts
Signingafter
info@contractanalyst.com
www.ContractAnalyst.com
855-517-2193
Copyright 2013. All rights reserved.
2
Documents
Data
into
turn
Copyright 2013. All rights reserved.
What?
Why?
How?
Turn documents into data
Identify all dates
• expiration
• fixed and relative dates
Categorize obligations...
4
Automatic
Alerts
set
Copyright 2013. All rights reserved.
Set automated alerts
Set date driven alerts
• reuse dates data
• SMTP & DB integration
Make alerts global
• expiration
• a...
6
Legal Risks
identify and measure
Copyright 2013. All rights reserved.
Identify, measure and
manage legal risks
Categorize legal risks
• structural
• regulatory
• contractual
• litigation
Measu...
8
Compliance
Obligations
show
Copyright 2013. All rights reserved.
Show compliance
obligations
Identify key sources
• statutes
• regulations
• court cases
Store requirements with
contract p...
10
Categorize
Provisions
and track
Copyright 2013. All rights reserved.
Categorize and track
provisions
Categorize provision types
• performance
• warranty
• notice, etc.
Categorize obligations
...
12
Contracts
Perspective
in
keep
Copyright 2013. All rights reserved.
Keep contracts in
perspective
Report expiration dates
• by category
• by counterparty
Report performance
obligations
Analy...
info@contractanalyst.com
www.ContractAnalyst.com
855-517-2193
Copyright 2013. All rights reserved.
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Contracts after Signing: how lawyers and paralegals can add value after contract execution

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What happens to carefully negotiated and drafted contract provisions after contract signing? Contracts are often filed and forgotten after signing. Learn what business clients need in order to transform contracts into useful data, processes and systems. This presentation helps lawyers (outside counsel and in house counsel), paralegals and contract managers advise clients through the entire contract lifecycle.

Published in: Business, Economy & Finance
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Contracts after Signing: how lawyers and paralegals can add value after contract execution

  1. 1. How lawyers & paralegals can add value after contract execution Contracts Signingafter
  2. 2. info@contractanalyst.com www.ContractAnalyst.com 855-517-2193 Copyright 2013. All rights reserved.
  3. 3. 2 Documents Data into turn Copyright 2013. All rights reserved.
  4. 4. What? Why? How? Turn documents into data Identify all dates • expiration • fixed and relative dates Categorize obligations • required • prohibited • permitted Describe flow of money • revenue and expenses • payment type • amounts (%, $) More… Generate actionable reports Drive business processes Perform analysis Manage risk Copyright 2013. All rights reserved.
  5. 5. 4 Automatic Alerts set Copyright 2013. All rights reserved.
  6. 6. Set automated alerts Set date driven alerts • reuse dates data • SMTP & DB integration Make alerts global • expiration • auto-renewal • insurance certificates Set contract specific alerts • high visibility contracts • high risk contracts • high impact contracts More… Prevent missed deadlines Preempt auto-renewals Improve client contact Notify clients of milestones Copyright 2013. All rights reserved. What? Why? How?
  7. 7. 6 Legal Risks identify and measure Copyright 2013. All rights reserved.
  8. 8. Identify, measure and manage legal risks Categorize legal risks • structural • regulatory • contractual • litigation Measure likelihood • list events or causes • quantify probability Measure consequences • quantify financial loss • quantify occurrences More… Quantify legal risks Prioritize risk mitigation Calculate risk prevention Focus organization Copyright 2013. All rights reserved. What? Why? How?
  9. 9. 8 Compliance Obligations show Copyright 2013. All rights reserved.
  10. 10. Show compliance obligations Identify key sources • statutes • regulations • court cases Store requirements with contract provisions Schedule compliance reviews • review contract activity • record reviews in contract management system More… Expose hidden risks Manage compliance risks Calculate compliance risk Track compliance reviews Copyright 2013. All rights reserved. What? Why? How?
  11. 11. 10 Categorize Provisions and track Copyright 2013. All rights reserved.
  12. 12. Categorize and track provisions Categorize provision types • performance • warranty • notice, etc. Categorize obligations • required • prohibited • permitted Assign obligations to party More… Improves contract value Maintains risk allocation Exposes contract detail Reveal legal advantage Copyright 2013. All rights reserved. What? Why? How?
  13. 13. 12 Contracts Perspective in keep Copyright 2013. All rights reserved.
  14. 14. Keep contracts in perspective Report expiration dates • by category • by counterparty Report performance obligations Analyze portfolio risk More… Evaluate individual v. collective risk Measure value of entire contract portfolio Identify financial consequences in portfolio Copyright 2013. All rights reserved. What? Why? How?
  15. 15. info@contractanalyst.com www.ContractAnalyst.com 855-517-2193 Copyright 2013. All rights reserved.

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