Your Business Process and Contracts
The absence of an internal contract group often leaves the agreement process to a senior manager who does not have time to fulfill that role. Such a manager may not be an expert at contract writing, or have formal training in contract negotiations.
All too often:
- Your executives attempt to save time and money by forcing old contracts from a previous company to serve a new purpose;
- Lack of familiarity with the terms and conditions required in a contract for a given purpose leads to errors of omission and commission alike;
- The person in charge is unsure of the contract management process, such as how to respond to mark-ups from larger companies/customers;
- No one is available to craft a strategy for negotiating the contract.
The results are:
- Dilution of your team’s focus on the core business;
- Longer turnaround times as your team splits their focus between their primary assignments and contract completion;
- Because the appointed manager lacks expertise in the commercial agreement process:
- Finalization of contracts is slowed, leading to a contract backlog
- Achieving your business goals is delayed;
- Errors of omission that miss business terms that are vital for successful cooperation between the parties;
- Committing your company to inadvisable terms.
Outsource Your Contract Process to Effective Agreements
Benefits include:
- Effective Agreements will address your specific needs with best business practices when drafting key sections of your contract - regardless of their complexity;
- You maintain control throughout the contract process because Effective Agreements excels in surfacing and clarifying complex contract issues;
- Our reporting process ensures that you have the final say, allowing you to make informed business decisions while remaining focused on your core business;
- Our contract management process leads to faster turnaround of more accurate contracts with fewer errors of omission or commission;
- We take the time to develop a negotiating strategy that is fitted to your needs, which significantly improves your negotiating position;
- When requested, we will participate in or lead the negotiations.