Comments on: Contract Management Strategies http://blog.jparkhill.com/2009/01/06/contract-management-strategies/ Business and Legal Notes, mostly Wed, 31 Mar 2010 15:12:39 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: D. C. Toedt http://blog.jparkhill.com/2009/01/06/contract-management-strategies/comment-page-1/#comment-5581 D. C. Toedt Wed, 07 Jan 2009 18:14:24 +0000 http://blog.jparkhill.com/?p=310#comment-5581 When I was in-house, I put together a panel discussion for the ACC annual meeting on the subject of "top things I'm glad I knew or wish I'd known my first year as GC." (The updated paper is on the ACC Web site, which is restricted to ACC members, but someone seems to have posted the PDF <a href="http://www.mortgagebankers.org/files/Conferences/2007/2007LIRC/Over350GCRules.pdf" rel="nofollow">here</a>.) Item #58, by a reviewer of the draft paper, was along the lines you propose:<br><br><blockquote>58. Set up a working database for contracts. Include the party’s name, address (and its address for notice if different), dollar amount, termination provisions, whether the contract is assignable, any clauses to watch out for that are different than your company’s standard provisions, etc. <em>[The contributor of this item reported, “This is the most critical thing that I do and have done, I feel pretty clear about that.”]</em></blockquote> When I was in-house, I put together a panel discussion for the ACC annual meeting on the subject of “top things I'm glad I knew or wish I'd known my first year as GC.” (The updated paper is on the ACC Web site, which is restricted to ACC members, but someone seems to have posted the PDF here.) Item #58, by a reviewer of the draft paper, was along the lines you propose:

58. Set up a working database for contracts. Include the party’s name, address (and its address for notice if different), dollar amount, termination provisions, whether the contract is assignable, any clauses to watch out for that are different than your company’s standard provisions, etc. [The contributor of this item reported, “This is the most critical thing that I do and have done, I feel pretty clear about that.”]

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