Usually varying from ten to hundreds of pages, extracting any particular information from the contract documentation is a time-consuming, labor and capital intensive process for an attorney/business. It calls for precise reading and analysis of all the complex details of contracts and agreements, along with other associated documents. Even a minimal loss in interpretation, can result in startling financial as well as legal repercussions. We at Cogneesol provide you economical and accurate legal contract abstraction services to efficiently handle your contracts. With our contract abstraction solutions, you can easily remain on top of the data present in the contracts.
Our in-house legal team is skilled in extracting almost any kind of data from a contract or perhaps a lease; be it crucial dates, important clauses like parties to the contract, effective date, execution date, payment terms, obligation of the parties to the agreement, instances of default, remedies and termination clause, renewal, notifications for renewal, statutory compliances or additional crucial data from the documents. Attorneys, law offices and businesses from different industry verticals such as manufacturing, real estate, insurance, telecom, retail, technology, hospitality, healthcare etc. have drawn upon the insight of Cogneesol’s contract extraction services and expertise. Every document is meticulously reviewed to ensure that no crucial detail is overlooked. Every now and then, customized solutions are offered to the clients to make sure their requirements are fulfilled. Stringent quality controls ascertain correct data bring captured and that no specifics are missed.
Consistent and to-the-point abstracts or digests
Critical viewpoint to allow you to make faster and well-timed decisions
Examining contracts depending on factors, such as type, party, termination and renewal dates, option dates.
Forwarding notifications for termination and renewal.
Analyzing contract terminology and timeline, determining deviations from regular stipulations
Building and handling contract databases
Contract extraction/abstraction improves the life of the legal documents and tends to make accessing the needed data, less of a pain. It can also help the clients in keeping a track of the crucial dates as well as payments so that the payments are obtained by the due date.
Cogneesol has a team of legal professionals who are familiar with any type of contract terminology as well as the significance of primary clauses. We can extract data from:
I have never been dissatisfied with the level of service and support that Cogneesol has provided. My company has engaged the services of their legal team on several occasions– typically in issues concerning contract extraction and management. They were prompt to respond to our questions and have directed us through all the possible actions.
When facing a major contract legal dispute, I was relieved to be recommended by an experienced relative to contact Cogneesol. In the very first discussion (free of cost), my situation was clearly reviewed and choices outlined. Their team worked hard to come up with an effective way to handle my issue while ensuring nominal costs. Thanks, Cogneesol!
Our law firm has worked with Cogneesol for many years. The legal professionals here are an integral part of our in-house team. Their team delivers work right on-time and accurately. They have a pretty good understanding of all the US laws. I highly recommend them to anyone looking for fast and economical contract management services.