LPO Contract Management Services – Strategic Management with LPO Firms

Contract management services involve those related to contract related tasks that are important in a firm in terms of its HR and legal departments. Often the number contracts that are negotiated and signed in a business firm are numerous. Outsourcing contract management services will bring huge savings in terms of money and time.

Services in this category include drafting, monitoring, reviewing and revising legal contracts and agreements. Service providers offer governance, compliance and risk management solutions that enable corporations to avoid or lessen business and reputational risks.

When drafting contracts, it is ensured that

• the contracts are fair to both parties
• the client’s interests are protected
• the language used clearly reflects the commercial relationship between both parties
• the contracts are written clearly and coherently

Now there are excellent contract management software solutions available for enterprises that facilitate accurate monitoring of your entire contract lifecycle – right from drafting and negotiation to the actual execution, status tracking and compliance. Here too, outsourcing service providers help to increase internal productivity and ensure legal compliance, providing affordable solutions to review and abstract your corporation’s contract portfolio. All key contractual terms are analyzed and summarized, and any missing, corrupt and duplicate files are identified.

A reputable LPO team can help you in preparing:

• Shareholders contracts
• Drafting of Wills
• Contract for engagement
• Purchase and sale agreements
• Logistics and services agreements
• Agreements for consultancy and services
• Agreements for copyright and notices
• Non-disclosure Agreements
• Vendor Contracts
• Supply Agreements
• Software License Agreements
• Telecom Services Agreements
• Internet, Advertising and Media Agreements
• Teaming Agreement
• Office Leases

An Overview of Contract Management Services

• Contract writing
• Contract revision
• Contract summary, redlining, drafting
• Management of Form Agreement
• Administering the Procurement Process
• Proposal support
• Certification and documentation
• Contract change control
• Major contract administration
• Payment, rebate and fee management
• Compliance
• Audit and governance report
• M&A support
• Risk Management
• Mass agreement review
• Supporting business initiatives
• IT procurement and contracting
• Multisector sales support
• Increase internal capacity to enable focusing on core issues
• Corporate governance

LPO Firms Ensure Strategic Contract Management

Dedicated service providers focus on delivering competitive quality in contract management. They have excellent quality control measures such as a three-tier review process that will ensure error free output. They provide end to end solutions with your long term business success in mind. For this, they have the necessary resources, staff and the latest technology to offer customized services within the required turnaround time. These firms are associated with insightful lawyers highly knowledgeable in different jurisdictions throughout the US, to provide the right legal advice. Easy accessibility to a comprehensive database comprising templates, forms and facts is made possible with the latest software tools. With a good and reliable outsourcing partner, clients can be sure of obtaining the best contracts at reasonable pricing.