This new presentation highlights the most important reasons for general counsel and outside legal counsel to use contract management as a bridge to the business. Avoid contracts being "filed and forgotten." Learn how business lawyers can add tangible value for the business client. General counsel and business lawyers often focus on the contract drafting and contract disputes. Clients, however, must work with contracts during the entire lifecycle of the agreement. Even in the best cases, important legal provisions are not tracked and monitored. In the worst cases, contracts are "filed and forgotten," until a dispute arises. Contract management bridges the gap between the lawyer's carefully negotiated and drafted contract and the manager's need for data to operate the business.

1. Legal
Counsel
5 reasons
contract
management
matters
Berkman | Solutions
!
10260 SW Greenburg Road, 4th floor
Portland OR 97223
United States !
1 (855) 517-2193 North America
+1 (503) 517-4293 Worldwide !
www.BerkmanSolutions.com
info@berkmansolutions.com

2. 5Reasons
Berkman | Solutions
!
10260 SW Greenburg Road, 4th floor
Portland OR 97223
United States !
1 (855) 517-2193 North America
+1 (503) 517-4293 Worldwide !
www.BerkmanSolutions.com
info@berkmansolutions.com
!contract
management
matters

3. better advice 1
Provide

4. ! 1
Better legal advice
Contracts are no longer “filed and forgotten”
Remain close to operations
Negotiate based on business value
Notify clients of expiration dates automatically
Alert clients to auto-renewal notice dates

5. 2
Improve
performance

6. Manage the entire “contract portfolio”
Prioritize revenue contract management
Control expense contract auto-renewals
Identify cost escalator provisions 2
Improve performance

7. legal risks 3
Control

8. ! 3
Control legal risks
Monitor specific performance obligations
Report on exceptions to legal policy
Limit access to contract information as needed
Track insurance and risk allocation provisions

9. compliance 4
Ensure

10. 4
Ensure compliance
Identify relevant regulatory requirements
Perform routine compliance reviews of contracts
Identify potential counterparty breaches
Identify potential client breaches
Perform routine counterparty reviews

11. relevant 5
Be

12. ! 5
Be relevant
Deliver “contract portfolio” insight to senior
management
Add financial value for the entire “contract
portfolio”
Improve operations between legal and business
groups
Expand capacity to support the client
organization

13. Legal
Counsel
5 reasons
contract
management
matters
Berkman | Solutions
!
10260 SW Greenburg Road, 4th floor
Portland OR 97223
United States !
1 (855) 517-2193 North America
+1 (503) 517-4293 Worldwide !
www.BerkmanSolutions.com
info@berkmansolutions.com