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Fast. Practical. Effective. Business Agreements TM
Welcome to Effective Agreements, Inc. where we believe business people should control agreements from day one, and where fast, practical, and effective business agreements are our service. Effective Agreements builds quality and cost efficient agreements designed to ensure that the legal language achieves your business goals. Effective Agreements specializes in:
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Why Effective Agreements should be your business agreements partner:
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Eliminate Choke Points and Backlogs
Management, sales people, and subject matter experts (such as engineers) originate business arrangements, but writing and managing the agreement process is often not their core competency. Time conflicts and lack of confidence cause agreements to pile up on desks creating revenue recognition delays.
The internal processes for managing the agreement process can involve different departments and multiple people contributing to and reviewing the agreement creating choke points.
Effective Agreements focuses solely on completing your agreements, providing fast turnaround and eliminating backlogs.
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Match Business Intent
Agreement principals frequently are not conversant in the nuance of contract provisions and the legal language designed to protect their interests. Drafting the proper legal wording to match the intent of the business arrangement can be difficult and can prove to be ineffective if it is contested.
The other party hopes to gain position by keeping the language cloudy and vague. Unnecessary legal costs result as attorneys spend valuable time identifying the major deal points from poorly structured arrangements.
Effective Agreements specializes in recognizing management's goals and ensuring the agreement language meets those needs and codifies the intended business arrangement.
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Focus on your Core Business
Agreement principals, senior management, sales team members, matter experts, and other key personnel focused on the contract process have their attention diverted from their primary duties and the core of the business.
In a time when personnel are already over-extended with their time commitments, principals' attention to detail and ability to focus on where is the final draft, who has seen it, and is it ready for execution are critical issues. Keep your people focused on their core competency.
Effective Agreements manages the agreement process, keeping management informed of progress and issues through effective communications allowing the team to maintain its focus on the core business.
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Eliminate Errors of Omission
A lack of experience in identifying specific and relevant deal points leads the parties to draft an agreement from an incomplete list of necessary issues, which may remain undetected until after the agreement is already executed. Working with a complete list of practical issues, such as those around product maintenance or intellectual property can avoid the embarrassment of having to renegotiate an agreement or find out that a court sides with the other party during a legal dispute.
Failing to tightly structure all relevant deal points creates misunderstandings at best and legal and business costs at worst.
Drafting new agreements from old agreements does not adequately address the key elements that do not apply to the previous transaction.
Effective Agreements provides years of experience and works from carefully prepared outlines designed to eliminate, errors of omission.
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Speaking Engagement
Tom Phillips will be speaking at IEEE Dallas Section Consultants Network on October 11.
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Testimonial
"One previous OEM agreement required five iterations through the attorney for a total of almost $6,000. EAI's process of structuring the agreement properly before asking the attorney to draft saved us at least $2,000. More importantly, their experience helped us identify hidden costs in the arrangement in time to cover them in the agreement."
Mike Myers, CEO, CopperCom, Inc.
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For a complimentary article on structuring fast, practical, effective business
agreements, contact: tphillips@effectiveagreements.com
Effective Agreements, Inc.
Fast. Practical. Effective. Business Agreements TM
972.235.7656
info@effectiveagreements.com
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