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Why Choose Cogneesol for Legal Contract Drafting and Reviewing?

Last updated: 25 Jun, 2021 By | 6 Minutes Read

The meteoric rise in the need for Legal Process Outsourcing (LPO) is a comparatively new phenomenon necessitated by the exponential boom in legal services after the financial crash that shook the world in the not too distant past.

Lawyers the world over were hard put to keep up with incremental business while struggling to keep costs down. This is when LPO really came into its own with legal luminaries outsourcing tasks that required the mere following of the law and research while keeping the most crucial jobs of acquiring a quality business, client care and interpretation of the law to themselves.

One of the legal functions that have always been outsourced is contract drafting services, not only by law firms but by regular businesses too. Drawing up iron-clad contracts is an integral part of the operations of any company and most prefer to outsource it to experts in this field instead of doing an amateurish attempt themselves and leaving the doors open for future complexities and litigation. Under such circumstances, you’ll do well to choose Cogneesol for outsourcing legal contract drafting and reviewing.

But the question that should be foremost in your mind is why Cogneesol and what do we have to offer. We have a team of experts who are well versed with the legal ramifications of contract drafting and reviewing regardless of the country that it might belong to. This facilitates accurate functioning and optimizing of contract drafting services. 

When you entrust standardized and repetitive jobs like contract and document review to us, you stand to gain on a number of fronts. The most important are your ability to spend more time dealing with quality clients and broader issues instead of being tied down to non-core activities.

Next is the question of cost-effectiveness. Our charges are very reasonable and this will result in substantial savings in the long run. Finally, the legal contract drafting and reviewing process is speeded up. Upload the work at the close of your business hours and get it by the next day at the start of business. This is made possible by the time differential between countries.

A brief outline on the contract drafting & contract reviewing services offered by Cogneesol:

Contract Drafting

We understand that parties would want to customize the form of contract around their specific needs. Our experts ensure that precise and exact words are used in the contract without any scope for being misconstrued. That is why our focus is always on being legally correct but excluding words that are based mainly on legalese is more often than not a nightmare for the common man to fully comprehend.

For drafting a contract we have devised a set of templates. That helps us analyze the drafts and identify the variables that are unique to each contract. Checklists of specific clauses that crop up in different types of contracts are also prepared which makes it easier to make sure that the contract is in order.

Some types of contracts handled by us include distributor contracts, research agreements, unfunded agreements, lease agreements, material transfer agreements, and drafting partnership agreements. This list is indicative in nature and certainly not exhaustive.

    Contract Review

    Services in this regard are not limited to law firms only who give us contracts drawn up by clients for review. A large portion of contract review outsourced to us is from large corporations that have to deal with hundreds of contracts. They do not want to burden their already stretched legal departments with this critical yet tedious task. Instead, they prefer to spin this off and remain free to concentrate on more pressing core activities.

    By outsourcing legal contract review to us, you get the services of a top of line experts in this field. You can also be sure we will confirm through a review that the contractual obligations of each party have been strictly adhered to and that there are no loopholes that can result in a breach of faith from either party later that might lead to unwarranted litigation.

    Contracts reviewed cover almost all sectors and industry including insurance and banking, shipping and logistics, real estate, healthcare, and telecom amongst others.

    Apart from specialized legal contract reviewing & drafting services, we also offer comprehensive contract maintenance services that include keeping a track of contract renewal dates so that you are never inconvenienced and contracts do not expire to your detriment.

    As you understand the importance and authenticity of contracts in the legal world, it becomes essential for you to draft them with precision. You may also consider getting the support of the renowned LPO company – Cogneesol. We have skilled & experienced personnel that can handle tasks like contract drafting and contract review for your law firm. Contact us to learn more about the entire range of our LPO services; call us at +1 646-688-2821, or send an email at [email protected]

    Read Also: An Insight to the Best Legal Research Tools in the Market

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