Contract Abstraction and Playbook Creation

Industry: Technology
Client: Leading Global Application Software Development and Services Organization

Issue:

Leading Global Application Software Development and Services Organization maintains a significant number of agreements, certain provisions of which must be monitored and tracked to facilitate business operations.

Solution:

The initial project involved abstraction of over 60 fields from multi-lingual contracts related to software licensing and various other services provided by our client. We have continued to abstract the client’s contracts on an ongoing basis.

Cost Benefits:

Our ongoing work saves the client ~55% annually.

Benefits:

  • Managed Services approach frees up client's legal resources.
  • Improved tracking and monitoring of client’s agreements through abstraction efforts and playbook creation
  • Abstracted contracts in French, Spanish, Portuguese, Italian, German, Japanese and Dutch.