Alternative Legal Services

Many in-house legal teams face the challenge of dealing with an increasing demand for their services with fewer resources, while demonstrably adding business value. Our managed legal services portfolio is like one-window shop as an answer for handling high volumes, managing surge requests, streamline existing process and legal documentation, special projects for due diligence, mergers and acquisitions related legal assistance, discovery of specific events or information, litigation management and support, and other such services. We strive to bring together operational rigour, scalability, better processes, proprietary technology and the judgment calls of our experienced lawyers as part of the deliverables.

We have helped our clients with their contract management and CLM processes. Our services ranges from working on opportunities starting with the RFx process; performing contracts review and negotiations services; providing process improvements to company’s current contracting processes; providing on-going support post implementation of company’s contract management solutions

Mind Merchants meets the demand from in-house teams to outsource ‘business as usual’ work (BAU) with guaranteed cost savings, at no risk. In addition, the clients benefit from enhanced management information and new technology to help client manage risk and balance their workload. Our services allow clients to concentrate on higher value, strategic work and most importantly, help making their legal department undergo digital transformations with ease.

1. Contracts review – Our team specialize in administering contract request, review, approval, and execution cycles. Our services provide faster turnaround times, better visibility to contract status and ability to assess performances. Our services include

• Creating New Contract Templates and regularly updating the existing templates as and when required
• Drafting, Red-lining, and Negotiating from simple to complex and high-volume Agreements.
• Creating and maintaining Standard Template Agreements and Clause libraries.
• Coordinating with all the relevant business departments with respect to the negotiated terms and conditions of the Agreement.
• Prepare & distribute all necessary documentation for in-house Approval; ensure Contract Execution.

2. Contracts negotiation – Every business transaction, may it be with the customers, vendors, partners or even employees are typically documented in form of a contract.

Channeling relevant information to all stakeholders is a time-consuming challenge, and to interpret it and assess the information they are looking for poses another one. The solution is to have a centralized repository with key data duly extracted which adds value to the system. It helps to access the risks and benefits of the particular term.

3. Contract Abstraction – Extraction of key contractual terms and presenting it in uncomplicated and easy to comprehend language. Identifying the Financial, Legal, Operational and other obligations.

It includes:

• Legacy Abstraction:  We provide abstraction & uploading of Contracts into Contract Repositories with supporting documentation.  Interaction with the relevant business heads of the  Client and prepare a rulebook for the purpose of abstraction and training new staff;
• Contract Repository Management – We help Create files, Alerts, Renewals and Report generation
• Due Diligence- We provide a comprehensive appraisal of a contract especially to establish its pros and cons and evaluate its potential. We conduct analysis for renegotiation.
• Obligation abstraction management- Our team helps in Extracting Statutory and Regulatory obligation, Extracting information regarding Internal Policies, Extraction and/or summarization of key terms, or specific rights and obligations and Segregation of obligations of various departments, if required
• Post Abstraction Service- Delivering the Obligation Matrix in the desired format and Database Management  

4. Legal authoring and drafting – Our service includes creation of templates and authoring with the enabled software and drafting sample templates and clause library.

5. Legal Research – Mind Merchants provides legal research services for multiple jurisdictions. We use various online llibraries, offline resources and experts on our panel who hail from variety of industries and backgrounds to research and respond to queries. The research services include following deliverables.

• Multi-Jurisdictional Surveys
• Precedent case law search
• Copyright and trademark search

6. Obligation Tracking – Timid visibility of contractual responsibility, non-assigned tasks related to contracts obligations and compliance, no assessment of contract risk, what will cause breach, penalties, termination, disputes, blacklisting and certainly loss of goodwill are just few to mention when it comes to know why and what should be tracked from effective management of a business transaction entered through contracts. It involves

• Detailed visibility to contractual responsibility
• Assignment and tracking of obligations ensuring adherence and compliance Visibility to the contract risk portfolio
• Auto alerts
• Facilitate internal audits to know health status of contractual compliance