Contract Management: Tools for Improving the Process Within Organizations

Analyzing Contracting Responsibilities, Outsourcing Options and New Technology, Reducing GC Workload

Recording of a 90-minute CLE video webinar with Q&A


Conducted on Thursday, January 14, 2021

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will provide in-house counsel with insights on how best to manage contracts in a high volume, high velocity corporate environment. The panel will discuss the various participants in the contract life cycle and how technology and outsourcing can help in-house legal departments oversee each step of the process.

Description

In-house counsel is typically responsible for oversight of negotiation, drafting, modification, and renewal of a high volume of various contracts within an organization. Parties involved in the contracting process are often non-legal personnel, using language, forms, and inserts that may evolve.

GCs must work with sales, procurement, finance, and compliance departments to develop a contract management process that minimizes legal department involvement while protecting the organization. The best process gives an organization the power to create and monitor contracts faster, smarter, and at a far lower cost while preserving the integrity of company contracts.

Technological advancements have made a wide range of contract management software options available to in-house counsel. Artificial intelligence is emerging as an effective instrument for contract review. Some law departments are also outsourcing contract management to third-party vendors.

Listen as our panel discusses the latest innovations in contract management at each stage of the production and monitoring cycle. The panel will also discuss opportunities and pitfalls in using contract management software and AI and in outsourcing contract management to third parties.

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Outline

  1. Legal department's role in contract management
  2. Participants in the contract process: sales, procurement, finance, and compliance personnel
  3. Cataloging and preserving forms
  4. Monitoring amendments, extensions, terminations
  5. Using technology to manage contracts
  6. Outsourcing of contract management

Benefits

The panel will review these and other key issues:

  • What factors should corporate legal departments consider when designing a process to make contract management more efficient?
  • How can in-house counsel efficiently move contracts through the life cycle and mitigate contractual risks for the company?
  • What should corporate legal departments consider when selecting contract management software or an outsourcing vendor?

Faculty

Garber, Joshua
Joshua R. (Josh) Garber

Attorney
Law Offices of Joshua R. Garber

Mr. Garber is dedicated to representing startups, public companies, and other businesses with a focus on commercial...  |  Read More

Lev, Daniel
Daniel (Dan) Lev, Ph.D.

Lecturer
Boston University School of Law

Mr. Lev has focused on intellectual property law and transactions throughout his career, specializing in the life...  |  Read More

Pidatala, Sai
Sai S. Pidatala

Senior Counsel
Seyfarth Shaw

Aside from being an experienced U.S. corporate transactional lawyer, Mr. Pidatala also spearheads the global Middle...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts.

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