Evisort Whitepaper: The Changing Approaches to Contract Management for General Counsel
Contracts are the heart of every business. They determine how much revenue a business’s relationships will bring in, and what obligations the business needs to fulfill. Increasingly, the responsibility for managing these vital documents falls on the legal department. As a result, General Counsel and in-house attorneys find themselves waist-deep not just in legal strategy, but the strategy of the business itself.
Why it matters?
A company that doesn’t know what is in its contracts literally doesn’t know its own business. One that can’t manage its contracts can never reach its full potential.
For General Counsel this is an evolving challenge, because contract management is not a static discipline. It is shaped by larger trends.