Streamline contract creation and management with our cutting-edge technology. Generate negotiation-ready contracts in a flash using our centralized libraries. Automate agreement customization to fit your business rules, freeing up your legal team to focus on strategic tasks. Let RazorSign revolutionize your contract game!
Collaborative negotiation: Facilitate real-time collaboration between legal teams and external parties with our online editor, and streamline the negotiation process.
E-Signature integration: Integrate with RazorSign’s e-signature solution for seamless and secure contract execution.
Audit trail: Maintain a detailed audit trail of all contract negotiations and modifications, ensuring transparency and compliance.
Our centralized library of pre-approved clauses and templates makes creating negotiation-ready contracts a breeze, pleasing your Legal team every time.
No more tedious cutting and pasting from other documents – always use the latest approved language and formats. Experience streamlined contract creation with us.
We provides unmatched configurability, offering custom templates, third-party integrations, and numerous other functionalities.
Configure different workflows, assignment rules, and approval levels for each contract type.
Additionally, integrate RazorSign with a variety of third-party applications to link contract creation with your core business systems like CRM and ERP.
Contract creation involves the development of a legally binding agreement that is signed by the relevant parties. This process commences with a contract request, progresses through creation, contract negotiations, approvals, and ultimately, contract signing. During contract creation, one includes all necessary terms, clauses, details about the parties, dates, critical milestones, etc. The accuracy of the data contained in the contract is paramount.
Contract creation features can include a Template Library, providing a repository of pre-designed contract templates for quick creation; Customizable Templates, enabling modifications to existing templates or the creation of new ones tailored to specific business needs; a Clause Library, offering a database of standard clauses for consistent and compliant contract language; a Drag-and-Drop Interface for intuitive contract assembly; Version Control to manage and track contract changes; Collaboration Tools for real-time multi-user collaboration; Electronic Signatures integrated for digital contract execution; Workflow Automation for streamlined approval processes; and Audit Trails that log detailed contract modifications to ensure compliance.
When creating centralized contracts, it is important to follow specific practices, including clearly defining the parties involved and their roles, outlining the scope and purpose of the agreement to avoid misunderstandings, using precise language for essential terms like obligations and payment timelines, addressing risks and disputes through mitigation and resolution provisions, adding termination clauses, ensuring confidentiality with non-disclosure clauses, complying with legal requirements, tracking contract status, managing risks, conducting compliance reviews throughout the contract lifecycle, and adapting agreements to changing circumstances.
