Contract Preparation Services – Drafting & Negotation

Contract Preparation Services – Drafting & Negotation

VPS contract management services don’t just prepare clients for negotiations by properly analyzing and organizing their existing contracts, but extend to actually drafting and negotiating contracts on behalf of clients using the playbook. Many small and midsize companies struggle keeping up with contracts due to a lack of internal resources to review and manage them through the process. VPS acts as an on-demand extension of the team that is always ready to manage the contract review process. This dramatically reduces turn around times and bottlenecks in the contract review process.

Contracts are appropriately drafted and negotiated, using the templates, clause libraries, and contract playbook that were designed specifically for the client. Negotiations are made smoother by the fact that VPS negotiates with the utmost level of preparedness, having explanations for every position and fallback position that may possibly occur.

VPS obtains the necessary approvals and coordinates signatures for contracts ensuring that all contracts are executed by both parties. In addition, VPS prepares executive summaries and then organizes the contracts within the central repository. With executive summaries, clients will find all necessary information gathered in contracts and the negotiating process along with any key provisions or negotiation challenges.

Drafting and negotiating contracts is perhaps the most vital part of the contract management process. VPS effectively navigates the tricky terrain of contract negotiations by tactfully considering the other party’s negotiating constraints while fully understanding and applying the client’s preferred stances and positions on key issues.