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Contracts Management

We relieve the pressure on internal resources by overseeing the negotiation and delivery of high-volume contracts through efficient contract lifecycle management that reduces complexity and cost.

Our specialist teams implement a framework to efficiently prepare drafts, address third party paper and negotiate high-volume contracts with demonstrably reduced negotiation cycles. This overcomes many of the challenges organizations face when managing contract performance across geographically dispersed locations, fragmented databases and multiple stakeholders with varying needs.

Conventional strategies of managing contracts have often led to increased risks, regulatory penalties, missed deadlines, missed benefits, "maverick" commercials and transaction errors. An increased pressure to reduce costs and improve performance places greater emphasis on efficient contract management and avoiding time-consuming activities that erode in-house capacity without creating any material value.

Why use our Contract Management services?

Poorly drafted contracts can create stressful and expensive situations forcing businesses to incur unforeseen expenditure to correct mistakes and minimize reputational risk.

Effective contract management can deliver savings across all parts of the supply chain, allowing your team to focus on strategic activities that drive growth. Harmonizing and centralizing contract management delivers the added benefit of enhanced productivity and consistency via automation.

Our contracting solutions can help you:

Get in touch today

How we provide Contract Management solutions

 

Our experts assess your existing Contract Lifecycle Management (CLM) processes and business needs using our maturity assessment model to evaluate your contract workflows against recognized issues and industry best practices to identify any opportunities for improvement. Our roadmaps are designed to accelerate implementation and promote higher adoption of CLM practices.

Template Standardization & Clause Libraries
Decentralized contracting practices and too many templates increase contract risk and potential liability. We harmonize, standardize and simplify templates to create clause libraries that promote consistency and drive automated contract generation. Our methodology combines analytics and expertise to identify standards, recommend clause improvements to mitigate negotiation friction, eliminate siloed practices and implement a reliable approach to managing risk.
Playbooks & Workflow Documentation
Contract negotiation can be attritional, and Mindcrest has a proprietary eight-step process to creating comprehensive playbooks for every level of contractual complexity that provides legal and business explanations for all contractual terms, defines pre-established fallback positions and outlines clear escalation protocols. We help clients monitor playbook usage and recommend workflow improvements to help implement an efficient and evolving collaborative negotiation strategy across their organization.
Technology
Once processes and toolkits are optimized, we advise on how to enhance your approach using your existing technology or by recommending one of the many tools available on the market. The technology can be used for everything from matter intake through to template automation, eSignatures and obligation management. Our mTech team can support the deployment of your chosen tech solution and work as an interface with your tech partner to secure maximum adoption and return on investment.
Contract Creation, Review & Negotiation
Our commercial colleagues specialize in creating, reviewing and negotiating contracts from NDAs and Engagement Letters to Master Services Agreements and Terms of Business. The tools, templates and playbooks we use ensure all services are delivered to the highest standards in quality and consistency, with great care taken to optimize the relationships your brand has with your customers and suppliers.
Contract Risk & Obligation Management
Business and risk-management teams use information in executed contracts to make critical decisions. Our contract abstraction and risk management solutions streamline and create a single source of truth for all contract metadata. With a centralized contract portfolio, our review processes and analytics give you immediate access and granular visibility to contract information. You can turn your agreements into intelligent corporate assets to analyze revenue and expenditure, simplify compliance and reduce risk.
Real Estate

Our real estate contracting team uses optimized methodologies to create and negotiate standard form leases and licenses to consistently high standards and impressive response times allowing you to move with speed and agility. Our systems capture important lease terms and property information, including occupant rights and obligations and rent details.

We create standard lease reports to meet your site management and reporting needs, ensuring all terms and documentation are prepared and ready for final signatures.

Our specialists can abstract and tag important terms from real estate contracts, highlighting rent and fee calculations and various other tenant and landlord rights and obligations. This information is used to inform our clients during their re-acquisition due diligence period and in post-acquisition scenarios to catalogue data in contract management databases.

Due Diligence Review
Our Managed Services approach provides dedicated teams with experienced attorneys and due diligence specialists. We remediate contracts and customer files and conduct due diligence for mergers, ring-fencing and spin-offs, delivering customized programs that allow you to close more deals with increased efficiency, greater insight and lower costs.
Mergers & Acquisition Integration
Our Managed Services model supports the end-to-end execution of M&A integration plans, minimizing disruption to your business operations. We leverage pre-closing diligence information to analyze assumed legal arrangements and effectively review, negotiate and migrate contracts into new systems of record, utilizing technology and robust processes to improve efficiencies and maximize ROI.
Rights & Royalties Management
Several partners are often involved in the licensing of any single product, making negotiations and revenue sharing agreements intricate and requiring input from multiple stakeholders. Royalty and rights calculations and the associated licensing contracts are complex and require specific software. We offer products to support intellectual property management suited to various types of content providers.

Meet our team

Get in touch with a member of our team by completing the form.
T +44 333 320 2220
F
+44 333 320 4440

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