The GC Collective collection offers insight and comment for General Counsels (GCs) and in-house legal teams.
Our clients tell us they struggle to manage their contracts effectively. They don’t use standard contracts or store contracts centrally, and fail to track and monitor them. No one knows when to increase prices, vary, terminate or extend agreements or even impose penalties on suppliers for poor performance. They waste time and effort and leak value.
At the most basic level this leads to contracts that do not protect your interests, time wasted looking for contracts and a lack of awareness of the rights and obligations that you have.
Beyond this, having no way to actively track contract information can lead to:
As much as your role as a GC is changing, so technology is advancing and new and better ways of doing things are emerging.
DAC Beachcroft has launched Contract Keeper: a contract management service, which you can use to create standard contracts and store all new and existing contacts on one central system; helping you to manage risk, reduce cost and create value for your business.
Contract Keeper is a unique piece of management software which enables you to:
to help you maximise your company’s knowledge and resources.
Recently, working with 'In House Lawyer', we conducted a survey on the role of the GC in managing risk across the organisation.
Private companies do not have to appoint a secretary unless their articles of association require them to, although larger private companies would…
The Jackson reforms were aimed at increasing the efficiency and reducing the costs of litigation…
A number of recent developments will have an impact on disputes which get as far as formal litigation…
Earlier this year, HMRC made a little known amendment to the way in which it taxes compensatory damages, with potentially significant results for…