Contracting Complexity Can Cost Money and Deals. Contract Lawyers can Help.

No matter what business or industry you are in, who you are selling to, and how you’ve set up your organization, you end up swimming in far more contracts than you’d ever expected to need… almost immediately. And especially early on in a business or particular deal or partnership, the stakes feel high — signing your name without fully understanding the legal ramifications in the fine print can be daunting.

At JonesSpross, we’ve been the go-to attorneys for contract development, review, and enforcement for thousands of companies. And because we’ve done it so much, we’ve got highly efficient processes and templates that ensure that your contract process won’t slow down your business or add stress to a relationship you’re working hard to build, strengthen or close. Working with the attorneys at Jones Spross means you don’t have to be an expert in high-volume contracts yourself, but if you’d like to familiarize yourself with the process, keep reading:

Smart organizations are strategic about using experts such as contract lawyers to understand the legal aspects of contract law and ways to maximize efficiency and effectiveness through contract automation. Business contracts are critical to any successful enterprise, and contracting complexity can be daunting even for experienced business professionals. The first step? Ensure alignment around who is responsible for the contracting process.

Contracting transformation is a fancy term for addressing the root causes of this complexity, which could be a lack of clarity or outdated technology and developing strategies that ensure the right people and resources are being deployed appropriately. It also involves making sure everyone involved in the process has an understanding of their roles and responsibilities.

Selecting the ideal contract lawyer

Organizations should consider when and how they bring in contract lawyers for support. When used strategically, these contract attorneys can play a vital role in ensuring compliance with regulations while helping to negotiate and manage contracts and risks. Contract lawyers can help businesses identify the most helpful contract clauses, review documents for accuracy, provide advice on risk management, and handle high-volume contract needs quickly and efficiently compared to in-house legal. They should be consulted throughout the negotiation process and after a contract is signed to ensure that all parties understand their terms, not to mention that any changes are appropriately documented. The simplest way to think about it is this: If you sign it, a contract attorney should read it. Even if it’s as simple as a venue rental agreement or an inexpensive piece of software, it’s time to get into that habit. We cannot stress enough how often a client has come to us after signing, asking, “How can I get out of this?”

The benefits of outsourcing high volume business contracts

Businesses of all sizes require hundreds of contracts or more for various purposes. Outsourcing the creation and management of these contracts to a contract lawyer can save time, money, and energy. A skilled contract lawyer can create high-volume contracts in an incredibly short period of time – a detail we know because we’ve done it, completing hundreds of contracts in a matter of a few days when the business case called for it. This eliminates the need for internal staff resources (lawyers, paralegals, or other repurposed support staff) to be assigned full-time to this type of work.

Not only is outsourcing beneficial for cost savings, it also provides businesses with a greater degree of agility when responding to market changes or taking advantage of new opportunities. Relying on an outside contract lawyer enables firms to be more flexible and responsive, as they can quickly generate the necessary contracts for new projects. This type of agility can translate into increased profitability by allowing businesses to adjust operations rapidly without waiting on in-house staff who may have different expertise and internal obligations than an experienced contract lawyer.

Solve business contracting complexities and save money

The “holy grail” of efficiency for any contract-driven business is to create an efficient contracting process that reduces complexity while protecting your bottom line. Investing in technology solutions and strategic partnerships can reduce the burden of managing contracts and ensure that business deals are not lost due to inefficient processes or suboptimal timetables. What is the best path forward for avoiding potential losses and leading your industry into the future? Ensure a successful contracting process by consulting with experienced, niche professionals who understand the legal aspects of contract law. They will be your partners and will “pay for themselves” in spades.

JonesSpross high volume contract services

JonesSpross’s contracting solutions are tailored to each client and draw from a deep bench of resources, technology, and expertise to ensure clients receive the best legal service available. The firm’s team of experienced contract lawyers works closely with clients to review documents for accuracy, advise on risk management, identify applicable clauses, and more. With such comprehensive services and decades of experience, organizations can be confident that their business contracts are in good hands with JonesSpross.

In summary, outsourcing high-volume contracts is a wise business decision that can save time, resources, and money while providing businesses with greater agility and responsiveness. An outside contract lawyer can provide significant value by creating high volumes of business contracts in days, freeing up internal staff resources and budget while enabling businesses to take advantage of new opportunities quickly and efficiently. Investing in the right partners and exploring technology solutions will help mitigate potential losses associated with inefficient contracting processes.

JonesSpross on business contracts

Reach out today to learn how JonesSpross can help you make the most of your contract management process.

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