Putting in place appropriate contractual terms to govern your key business activities is an expected part of good business practice. It provides clarity and assurance on where you stand from the perspective of both your rights and your risks. And that is important to boards, auditors, shareholders, financiers and counterparties alike.
Managing contracts and third-party risks requires a strong understanding of the technical legal issues, as well as a focus on what truly matters in practice – the commercial outcomes, operational issues and appetite for risk. There are also factors outside of the legal terms that influence the relationship between the parties and how they may treat each other now and in the future.
We can support you with the key challenges you face when contracting:
- getting effective contracts in place on key, strategic or complex arrangements
- understanding, changing or managing high volumes of contracts through clear processes that address risk, value leakage, speed of execution, storage, monitoring, contract data mining and repapering
- staying on top of your regulatory and legal obligations when it comes to third-party arrangements and managing the associated risks
