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contract management

Lawyer in
contract management

Outsourcing contract management

Delegating contract management allows you to concentrate on the operational aspects of your contracts and leave the management of your commercial relations to a trusted partner.

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Contract management

What is contract management?

Contract Management has become an essential part of the modern business landscape, and many players such as Tomorro have positioned themselves in this field.

The latter involves the use of advanced technological tools to effectively manage the contract lifecycle.

This digital approach is vital for maintaining order, compliance and efficiency in the management of contractual agreements.

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A need: A service

Your contract management services

  • Optimization and strategic advice: I offer expertise in contract structuring, ensuring optimal management and negotiation. I support my customers in setting up appropriate processes, ensuring legal compliance and protecting the interests of all parties.
  • Automation and efficiency: The use of digital tools in Contract Management automates repetitive processes, reducing delays and human error. This includes the creation, monitoring and updating of contracts, making the process faster and more efficient.
  • Risk management and compliance: digital tools offer advanced functionalities for identifying and managing contractual risks. By outsourcing this management, you benefit from expert legal analysis to ensure that your contracts comply with current regulations.
  • Data access and security: Digital platforms provide secure, centralized access to contracts. This enables transparent management and real-time monitoring, while protecting sensitive data. Above all, it helps ensure that contracts are properly managed and that no contractual deadlines are missed.
Step-by-step analysis

Steps in implementing a Contract Management process

Stage - 1
Audit

Before we begin, we'll conduct a thorough analysis of your company's contractual needs.

This stage includes reviewing existing agreements, understanding business objectives, and identifying potential risks.

This analysis provides a solid basis for structuring future contracts.

Stage - 2
Drafting and customizing your contracts

Based on the initial analysis, we will draw up the contracts, ensuring that they accurately reflect your needs and protect your interests.

This stage includes the customization of contractual clauses to suit the specifics of each situation.

Stage - 3
Negotiating and validating stipulations

We will then enter into negotiations with the other parties to finalize the terms of each contract.

The aim is to reach a balanced agreement that satisfies all parties, while ensuring legal compliance and protecting your company's interests.

In fact, we can negotiate contracts directly with the people we use.

Stage - 4
Setting up monitoring processes

Once the contract has been signed, we will set up follow-up processes to ensure that contractual commitments are respected.

This includes tracking important dates, managing modifications and renewals, and monitoring contract performance.

Stage - 5
Litigation management and renegotiations

In the event of disputes or the need for renegotiation, I can help you to manage the situation more quickly. This may involve mediation, conflict resolution, or contractual adjustments to reflect changes in circumstances or business objectives.

What are your risks?

Risks of not implementing a Contract Management process?

The absence of a structured contract management process can expose a company to significant legal and operational risks, compromising its integrity and performance.

  • Legal and compliance risks : Without an effective contract management process, there is an increased risk of non-compliance with laws and regulations. This can result in legal sanctions, significant financial penalties, and even legal action. Non-compliance can arise due to ignorance of contractual clauses, renewal deadlines or changing regulations.
  • Financial and operational losses: Failure to monitor contracts properly can result in financial losses due to billing errors, unwanted automatic renewals, or missed opportunities for renegotiation. In addition, inefficient contract management can cause operational delays, adversely affecting company productivity and efficiency.
  • Damage to business relationships : Inadequate monitoring of contractual obligations can lead to misunderstandings and conflicts with business partners, damaging reputations and long-term relationships. This is particularly risky in contracts involving key suppliers or important customers.

To avoid these risks, it is essential to put in place a robust and effective Contract Management process, which ensures compliance, minimizes financial and legal risks, and supports strong and lasting business relationships.

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FAQ's

Frequently asked questions

What are my cybersecurity obligations under the RGPD?

Outsourced contract management involves entrusting the management of your company's contracts to an external lawyer or legal expert.

Unlike in-house management, where contracts are handled by your in-house teams, outsourcing offers specialized legal expertise and an outside perspective that can be crucial for complex or high-risk contracts.

The result is a more strategic approach, reduced legal risks and optimized contractual processes.

The benefits of outsourcing contract management include in-depth legal expertise, more effective risk management, improved compliance with laws and regulations, and optimization of contractual processes.

What's more, it allows companies to concentrate on their core business while ensuring that their contracts are managed professionally, thus reducing the time and resources invested in contract management.

In the event of a contractual dispute, outsourcing contract management offers a significant advantage.

A lawyer or contract management expert has the skills to negotiate, mediate and resolve disputes effectively. They can provide strategic advice, represent your company in negotiations or legal proceedings, and help find fair solutions while minimizing disruption to your business.

Outsourcing is particularly beneficial for complex, high-risk contracts or those requiring specialized legal expertise.

This includes international contracts, strategic partnership agreements, major supplier contracts, and licensing or intellectual property agreements.

For these types of contracts, the expertise of an external lawyer can bring significant added value in terms of risk reduction, regulatory compliance and strategic negotiation.