When it comes to contract evaluation, Rees Morrison over at LawDepartmentManagement.com (http://bit.ly/iFeOe0) has a great new post up listing top techniques for better handling the crushing contract burden faced by clients and companies today. Here are some of the gems on innovative contract evaluation:
- Use offshore staff
- Get contracts through a portal
- Use a contract assembly database
- Hire contract specialists
- Reduce the number of forms you use
- Priority levels for contracts
- Use contract management software
- Use electronic signatures
- Limit negotiation rights
- Focus on key provisions that need legal review if altered
- Group contracts into a working framework
- Automate contracts linked to email
- Have a contracting and negotiating guide
- Require a contract request form and sales, finance, IT or procurement involvement



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