Legal Contract Management Process

Summary

This precedent legal contract management process is designed to sit alongside the legal work process to explain to staff how to request the legal department to draft or review a contract. This precedent includes practical guidance and drafting notes. The precedent explains what a legal contract is, how to request the legal department to draft a contract, how to send third party contracts to the legal department for review, and contract authorization and execution. It is intended to ensure that all the important topics needed to establish an organization's contract management methods are captured. For a full discussion of the role of an in-house lawyer in an organization's contract management process, see the practice note: Contract Management Fundamentals. For a discussion of the suitable performance measurement metrics for the legal contract management process, see the practice note: Contract Management Process Assessment. For suggestions on how to conduct an audit of contract ...