Contract Drafting, Review and Negotiation
- 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
- 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
- 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