Case Study

Contract Drafting, Review and Negotiation

Challenge

  • Significantly higher volumes and increased complexity in contract negotiations
  • Range of contracts included in-licensing, out-licensing, leases, master supply agreements, OEM/ODM agreements, R&D agreements and NDAs


Solution

  • Deployed a team of six professionals to evaluate client’s business operations, contracting goals, negotiation parameters and key areas of leverage
  • Customized state-of-the-art technology platform, LexBase, to serve as contract lifecycle management system and global contract repository


Business Impact

  • 50% reduction in total costs of contract management
  • Decreased average response turn-around time to 48 hours while ensuring improved compliance with internal policies.
  • Client able to redeploy internal resources on the higher value aspects of the legal matter