125 S Clark Street, 17th Floor, Chicago, IL 60603 |
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Global Contracts Solutions | |||||||||||
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The Global Contracts Legal Risk Challenge Our Benefits – Driven By Efficient Methodologies |
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An Outsourced Team for Contracts Our long history as a cost-effective legal team supporting in-house counsel informs our contract assembly and negotiation services for mid-sized and large companies. We combine a team of contract negotiators who understand how in-house teams get to signed contracts with contract assembly software tools and methodologies that help us process large volumes of contracts, including through the use of our clients' own systems and AI-enabled contracting tools. Unlike traditional law firms we’re lower cost, predictable and extensions of in-house teams. Unlike the growing number of alternative legal service providers that emphasize large contract volumes and a playbook-driven approach, our firm is able to provide legal advice to go beyond playbooks and 1st level reviews with the ability to creatively resolve the last mile of contract issues that delay contract execution. Unlike pure tech offerings, we offer the negotiators who actually close deals. We combine a team of contract negotiators
The Contracts Legal Risk Challenge An Example – Master Service Agreements (MSAs) - Whether Single or Multi-Country Many companies face a continuous need to negotiate MSAs, as either a buyer or seller, and then to amend these, add statements of work and take into account the time-consuming clauses and addenda for data security, privacy and - increasingly - restrictions on the use artificial intelligence. Outsourcing all or part Our team can work alongside existing team members and contracting systems to add additional capacity, focus on the “last mile” of the remaining 3 - 6 issues that often delay execution, or outsource all or part of the MSA contracting process using our own methodologies and tools, yet taking into account client risk priorities, templates and playbooks. Another Example – Appointing Dealers in Multiple Countries International expansion brings new and more complex contract obligations – from a few to many thousands of contracts in multiple countries. Contracts for sales and procurement, agency and distribution as well as licenses – all part of an effort to sell products and services, buy required components and raw materials, distribute through third parties and potentially license intellectual property. In far-flung locations with less familiar third parties. International expansion brings new While not the kind of highly-customized contracts required for international joint ventures and acquisitions, contracts with “mid-level” detail and commercial risk are critical to international success, are often required in large numbers, and have unexpected legal risk and complexity. For such contracts, the internationally-expanding company faces new challenges:
Yet, who on the internal or external team is best positioned to implement this process of template creation and localization – and then the inevitable amendments, terminations and (yes) dispute resolution - and what level of foreign local counsel input is optimal?
International Counsel’s Integrated Multi-Country Contracts Solution International Counsel, with its multi-country team members, acts as an experienced and integrated global contracts solution to cost-effectively create, negotiate and manage contracts in multiple countries. Read more... single point of contact for 40+ countries, track record insights on what works in practice... whether as a supplement to a company’s other legal resources, a partner to our colleagues at other law firms or a subject matter expert to other managed service legal solutions providers... From its start as a law practice formed in the mid-1990s by former in-house international legal counsel to provide legal services to companies with business interests in multiple countries, International Counsel has been refining its methodologies and cost-reduction strategies, and formalizing relationships with its best in-country team members in Europe, Latin America, the Middle East and the Asia-Pacific. An Example - Appointing Dealers in Multiple Countries What are the key issues in solving agent and distributor contract issues in multiple countries? Read more - a table on contract issues and solutions for agents and distributors...
US-based Companies Can Be Heavily Dependent on Global Sales, Often Generated by Foreign Agents/Distributors Read more - a table on US company dependence on multi-country distribution channels...
Why Re-Invent the Wheel if Our Solution Works? Since mid-level contracts are not considered to be the kind of strategic, high-value legal risk matters that in-house counsel are best suited for at their levels of salary and benefits, our value proposition to our in- house client segment is this: by freeing internal time for more critical issues such as joint ventures, M&A deals, foreign corrupt practices strategies and market entry legal risk management, internal resources are more strategically leveraged by leaving the mid-level international contracts to International Counsel, with client input as needed through issue escalation decision trees that are agreed to in advance. Similarly, our law firm and managed service legal solutions partners can add great value to their own clients by delivering our global contracts solutions, and focusing instead on the solutions that they are optimized to solve.
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125 S Clark Street, 17th Floor, Chicago, IL 60603 |