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Contracts Employment Law General Counsel and In House Counsel Regulation

Effective Contract Management

Three Goals

A recent report laid bare one of the most pressing problems of today's companies — and their GCs. Simply put, the report found that businesses of all types do a poor job of contract management.

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A recent report by Exari titled “Low Tech/High Risk: How Weak Contract Management Prevents General Counsel from Answering CEOs’ Toughest Questions” laid bare one of the most pressing problems of today’s companies — and their GCs. Simply put, the report found that businesses of all types do a poor job of contract management. This is something I can, sadly, confirm, having spent almost four decades working primarily in the healthcare sector, both as in-house general counsel and an outside lawyer in roles that included guiding companies in establishing best practices for contract management and in maintaining and managing contracts (and leases) for clients.

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