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. Contract documents contain both standard and deal specific ‘custom’ terms, conditions, obligations and commitments that need to be evaluated carefully.
Microsoft Word is the most widely used tool for contract drafting and reviews by attorneys. Most legal teams also have a preferred language along with internally agreed policies and playbooks, outlining acceptable alternate language usage. Contract templates and clause libraries enable lawyers to quickly draft, modify, negotiate and finalize agreements while being fully compliant. eContracts Author add-in for Word provides real-time visibility and modifications to these agreements even when working on documents someone else drafted.