A contract repository is essential for in-house legal teams to have a single source of truth for their contracts. But, many teams struggle to build a repository that truly serves their needs. The process of creating and maintaining these repositories is complex, time-consuming, and fraught with challenges. Fortunately, new tools are redefining how we think of repositories, expediting the way we build them and automating their maintenance.
Tune in as Martin Erdl (CEO, Recital) and Ashlee Best (Managing Director, Compass Legal Operations and Wellness) will discuss how in- house legal teams need to build and organize contract repositories.
Martin and Ashlee will discuss:
- The common challenges legal teams face when creating and managing contract repositories
- The benefits of an organized, accessible, and centralized contract repository
- Best practices for setting up a contract repository
- Options for building a repository, and what to do if you already have a repository that you need to improve, including as part of a CLM
- How new, automated solutions can significantly reduce manual effort and streamline repository creation
Who Should Watch
This webinar is for General Counsels, in-house attorneys and other corporate legal department professionals who:
- are considering creating or improving their contract repository
- are considering adopting a CLM and creating or migrating a repository
- have previously implemented a repository (maybe as a part of a CLM implementation) and the implementation did not deliver on the objectives.
Anyone in a corporate legal department who is feeling overwhelmed by the idea of creating a contract repository or frustrated with their current repository will find value in this webinar.
