What is the value of a company-specific contract library?
Compiling and managing a contract library is the foundation for professional business. The contract library aligns with the business activities and fits within the current legal framework. The company supports its contract management with the help of an up-to-date contract library and the ‘impacted contracts’ functionality and usually provides a critical bottleneck and area for improvement.
Contract portfolios continuously maintained and updated by the Contract Board can be made company-specific. The company-specific contracts and scenarios then end up in the company-specific contract library. Contract libraries are of strategic importance for various business activities. For example, a contract library for the selling business activity reflects how a company wants to do business with (potential) customers.
Applying up-to-date contract libraries requires employees to have sufficient expertise. Knowledge bases, awareness and training programs and professional second-line support are available for the (responsible) employees to carry out their work correctly.
How can we help you?
Do you have questions about organizing, implementing or expanding your legal operations? Our service owner, Ans Duthler LL.M. or her colleagues, would be happy to discuss your specific case.
The composition of the company-specific contract libraries depends on the purposes of the business activities, the contracts, relevant laws and regulations and the liability and cost risks. We have developed contract libraries that support the company-specific contract libraries for many generic business activities (governance & compliance, sales, personnel management and purchasing).
Company-specific contract libraries must be carefully compiled and managed, both professionally and professionally. Changing legislation and changing business activities also require this. We train employees in compiling and managing contract libraries and contracting using scripts if needed.
We often organise the business and professional activities together with the employees involved. For example, we support the employees in compiling and maintaining the company-specific contract library, with contract sets and playbook items. We can also help build or adapt awareness and training programs for employees who use libraries.
Creating and updating company-specific contract libraries of contract and playbook items is at the heart of the smart contracting application that organises the legal operation.
New and changing legislation, case law, and best practices form the input for the Contract Board for the continuous and professional maintenance of the contract portfolios. If this leads to possible or necessary changes in contract libraries and concluded contracts, the users will receive a legal update of the Contract board (the impacted contract functionality).
The nature and scope of business activities determine the need for a company-specific contract library. For example, a sector contract library may be sufficient for modest-sized companies. See business types. We manage a contract library for specific sectors for different business types.
We can manage the company-specific contract libraries for companies and ensure that the contracts and scripts remain up to date and accurate. We are happy to make an appointment and discuss the options for managing the contract library.
Building and managing a contract library is the foundation for professional business. The contract library aligns with the business activities and fits within the current legal framework. The company supports its contract management with the help of an up-to-date contract library and the ‘impacted contracts’ functionality. In addition, it often provides solutions to a critical bottleneck and areas for improvement.
Make an appointment and discuss the most suitable approach for your situation
Feel free to contact us on +31 0 (70) 392 22 09 or firstname.lastname@example.org. Please make an appointment with mr. Ans Duthler, the legal operation service owner, or a professional from her team.