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How lawyers & paralegals can add value after contract execution Contracts Signing after.

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Presentation on theme: "How lawyers & paralegals can add value after contract execution Contracts Signing after."— Presentation transcript:

1 How lawyers & paralegals can add value after contract execution Contracts Signing after

2 info@contractanalyst.com www.ContractAnalyst.com 855-517-2193 Copyright 2013. All rights reserved.

3 2 Documents Data into turn Copyright 2013. All rights reserved.

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 4 Automatic Alerts set Copyright 2013. All rights reserved.

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 6 Legal Risks identify and measure Copyright 2013. All rights reserved.

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 8 Compliance Obligations show Copyright 2013. All rights reserved.

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 10 Categorize Provisions and track Copyright 2013. All rights reserved.

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 12 Contracts Perspective in keep Copyright 2013. All rights reserved.

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 info@contractanalyst.com www.ContractAnalyst.com 855-517-2193 Copyright 2013. All rights reserved.

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