Clause Libraries and Authoring
Law departments are looking for ingenious ways to standardize common contracts while optimizing the process for custom contract drafting and negotiations. Contracts documents contain both boilerplate language as well as deal specific ‘custom’ terms, conditions, obligations and commitments that need to be carefully evaluated.
Microsoft Word is the most widely used tool for contract drafting and reviews by attorneys. Most legal teams also have preferred language along with internally agreed policies and playbooks outlining acceptable alternate language usage. Contract template and clause libraries enables lawyers to quickly draft, modify, negotiation and finalize agreements while being fully compliant. eContracts Author add-in for word provides real time visibility and modifications to these agreements even are working on documents someone else drafted.