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Contract Management vs. Contract Discovery – Big Difference, Bigger Opportunity

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Legal departments are increasingly tasked with tracking a multitude of contracts. These agreements are typically scattered throughout the enterprise, and keeping track of them is often the most time consuming and costly part of the process. While companies need a centralized repository to manage all contracts across their lifecycle, significant and often untapped value lies within each contract. Their provisions can be utilized for far greater, tangible purposes, such as enabling higher profits, recovering lost revenue, creating new business opportunities, improving business terms, and more. There has never been an easy or cost effective way to "discover" the contents and utilize opportunities in enterprise agreements, until now. "Contract Discovery" is finally here.

Please join LegalShift, an independent affiliate of Baker Donelson, and learn about the rapidly evolving capabilities of contract leverage. Our team will highlight the differences between "Contract Management" and "Contract Discovery," and share both the opportunities and a roadmap to help you become more than a corporate cost center.

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