Communicating Your New Contract Template to All Team Members ย
As part 5 of my tips on how to roll-out a new Contract Template as an Expert, the following:
! ๐๐ฒ๐ ๐๐๐ฒ๐ฟ๐๐ผ๐ป๐ฒ ๐ผ๐ป ๐๐ผ๐ฎ๐ฟ๐ฑ: ๐๐ผ๐บ๐บ๐๐ป๐ถ๐ฐ๐ฎ๐๐ถ๐ป๐ด ๐ฌ๐ผ๐๐ฟ ๐ก๐ฒ๐ ๐๐ผ๐ป๐๐ฟ๐ฎ๐ฐ๐ ๐ง๐ฒ๐บ๐ฝ๐น๐ฎ๐๐ฒ ๐๐ผ ๐๐น๐น ๐ง๐ฒ๐ฎ๐บ ๐ ๐ฒ๐บ๐ฏ๐ฒ๐ฟ๐
Once your template is final, approved internally and previous tips are followed, send out your New Template / Procedure using a communication method that is tailored to your company.
Do not use a single communication method (e.g. only providing the template via e-mail). This will significantly decrease the use of the New Template.
When rolling out a new contract template in your company, it is important to use multiple channels of communication to ensure that team members are informed and understand how to use it. It is recommended to combine the following communication methods:
* Your company’s intranet or internal portal
* Collaboration software like Slack or Microsoft Teams
* Email
* Kick-off meetings/trainings
This combination will help to increase the visibility of the new Contract Template and provide team members with the opportunity to ask questions and address any concerns.
Remember that clear communication is key to the successful implementation of a new contract template.
๐ฃ๐ฟ๐ผ-๐๐ถ๐ฝ: In case of new Contract Templates or Legal Procedures, it is advised to cascade the communication as follows:
* First to each Head of the Commercial Team / Regional Leader who can share/discuss it with their team and reiterate the importance of the new Contract Template/Procedure
* Legal Team sends it to the Commercial Team
* For particularly important messages set up separate meetings between Legal Team members and Commercial Team members
To avoid the common issue that team members are not able to find the e-mail or other communication that you used sending out the new template, follow one of my previous tips: create one central location for all your templates.
๐ช๐ต๐ฎ๐ ๐๐ฒ ๐ต๐ฎ๐๐ฒ ๐น๐ฒ๐ฎ๐ฟ๐ป๐ฒ๐ฑ ๐ณ๐ฟ๐ผ๐บ ๐ฝ๐ฟ๐ฒ๐๐ถ๐ผ๐๐ ๐ฝ๐ผ๐๐๐ ๐ถ๐ป ๐๐ต๐ถ๐ ๐๐ฒ๐ฟ๐ถ๐ฒ๐:
– The top-down approach does not work
– Team members need to know the critical components for the use of the new Contract Templates: the Why, How, When and Benefits
– Create and follow a strategic communication and follow-up plan (the Communication Plan):
– Step 1: Identify Relevant Users and Teams
– Step 2: Notify / Pre-inform the team about the upcoming new template
– Step 3: Make sure to cover all 10 points of the Checklist
๐๐ฉ๐ช๐ด ๐ฑ๐ฐ๐ด๐ต ๐ฐ๐ง ๐ฑ๐ข๐ณ๐ต ๐ฐ๐ง ๐ฎ๐บ ๐ญ๐ข๐ด๐ต ๐ต๐ช๐ฑ (๐ฏ๐ณ. 10) ๐ฐ๐ฏ ‘๐๐ฐ๐ธ ๐ต๐ฐ ๐๐ฎ๐ฑ๐ณ๐ฐ๐ท๐ฆ ๐บ๐ฐ๐ถ๐ณ ๐๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต๐ด ๐ฃ๐บ ๐๐ณ๐ฆ๐ข๐ต๐ช๐ฏ๐จ ๐๐ณ๐ฆ๐ข๐ต ๐๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐๐ฆ๐ฎ๐ฑ๐ญ๐ข๐ต๐ฆ๐ด’.
How to Roll-Out your New Contract Template: 10 point Checklist
This is part 4 of my tips how to Roll-Out your New Contract Template as an Expert.
๐ช๐ต๐ฎ๐ ๐๐ฒ ๐ต๐ฎ๐๐ฒ ๐น๐ฒ๐ฎ๐ฟ๐ป๐ฒ๐ฑ ๐ณ๐ฟ๐ผ๐บ ๐ฝ๐ฟ๐ฒ๐๐ถ๐ผ๐๐ ๐ฝ๐ผ๐๐๐ ๐ถ๐ป ๐๐ต๐ถ๐ ๐๐ฒ๐ฟ๐ถ๐ฒ๐:
* The top-down approach does not work
* Focus on the Why, How, When and Benefits
* Make a Communication Plan
* Identify Relevant Users and Teams
* Notify / Pre-inform the team about the upcoming new template
๐ก๐ฒ๐ ๐ ๐๐ถ๐ฝ: ๐๐ผ๐บ๐บ๐๐ป๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐๐ต๐ฒ๐ฐ๐ธ๐น๐ถ๐๐
See below a non-exhaustive checklist of the items that I would recommend to include in your message When rolling out & communicating the new Contract Template.
-๐ฆ๐๐ฏ๐ท๐ฒ๐ฐ๐ ๐๐ถ๐ป๐ฒ: Use a clear subject line that communicates the purpose of the email, such as “New Contract Template โ [Add name relevant document] – Please Review and Adopt.”
-๐๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป (๐ช๐ต๐): Start with a brief introduction that outlines the importance of adopting the new contract template.
-๐๐ฒ๐ป๐ฒ๐ณ๐ถ๐๐: Provide an overview of the key features and benefits of the new contract template, highlighting how it will help streamline processes, reduce risks, and improve efficiency.
-๐๐ผ๐: Add instructions on how to use the new contract template, including where to find it, how to fill it out, and any specific requirements to be aware of.
-๐ง๐ถ๐บ๐ฒ๐น๐ถ๐ป๐ฒ: Clearly communicate the timeline for adoption of the new contract template.
-๐ง๐ฟ๐ฎ๐ถ๐ป๐ถ๐ป๐ด ๐ฎ๐ป๐ฑ ๐๐๐ฝ๐ฝ๐ผ๐ฟ๐: Include information on any training or support that will be available to help team members adopt and use the new contract template effectively.
-๐ฃ๐ผ๐ถ๐ป๐ ๐ผ๐ณ ๐๐ผ๐ป๐๐ฎ๐ฐ๐: Provide a point of contact for questions or concerns regarding the new contract template (e.g. a project manager or legal representative).
-๐๐ฐ๐๐ถ๐ผ๐ป: End the message with a clear call to action, such as “Please review and adopt the new contract template by 2025, and let us know if you have any questions or concerns.”
-๐ข๐ฝ๐๐ถ๐ผ๐ป๐ฎ๐น – ๐๐ฒ๐ด๐ฎ๐น: highlight any legal requirements, regulations or policies that must be adhered to, in order to ensure compliance and mitigate legal risks.
-๐ข๐ฝ๐๐ถ๐ผ๐ป๐ฎ๐น – ๐ง๐ฒ๐ฎ๐บ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ๐: mention important specific information or operational set-up details for certain teams.
Communicate Early: Pre-inform and Notify Team Members
As part 3 of my tips on how to roll-out a new Contract Template as an Expert, the following:
๐ช๐ต๐ฎ๐ ๐๐ฒ ๐ต๐ฎ๐๐ฒ ๐น๐ฒ๐ฎ๐ฟ๐ป๐ฒ๐ฑ ๐ณ๐ฟ๐ผ๐บ ๐ฝ๐ฟ๐ฒ๐๐ถ๐ผ๐๐ ๐ฝ๐ผ๐๐๐ ๐ถ๐ป ๐๐ต๐ถ๐ ๐๐ฒ๐ฟ๐ถ๐ฒ๐:
* The top-down approach does not work
* Team members need to know the critical components for the use of the new Contract Templates: the Why, How, When and Benefits
* Create and follow a strategic communication and follow-up plan (the Communication Plan)
* Step 1 Communication Plan: ‘Identify Relevant Users and Teams’
Now, letโs continue to the next step of the Communication Plan:
๐ฆ๐๐ฒ๐ฝ ๐ฎ: ๐๐ผ๐บ๐บ๐๐ป๐ถ๐ฐ๐ฎ๐๐ฒ ๐๐ฎ๐ฟ๐น๐: ๐ฃ๐ฟ๐ฒ-๐ถ๐ป๐ณ๐ผ๐ฟ๐บ ๐ฎ๐ป๐ฑ ๐ก๐ผ๐๐ถ๐ณ๐ ๐ง๐ฒ๐ฎ๐บ ๐ ๐ฒ๐บ๐ฏ๐ฒ๐ฟ๐
Does the team know that the new Contract Template is final and will be implemented soon?
Before actually sending and rolling out new Contract Templates, create groundwork and buy-in from senior management and each team member to make sure that they will actually use the new Contract Template now it is final.
It is important to provide opportunities to these team members to ask questions, express concerns and offer feedback. In this stage, ask these questions to yourself:
– Are the team members aware that the new Contract Template needs to be used at a certain date?
– Is the new Contract Template clear and does the team (in principle โ not everyone will agree from the start) agree and appreciate the new Contract Template?
– Do they know the Why, How, When and Benefits?
๐ง๐ต๐ถ๐ ๐ฐ๐ฎ๐ป ๐ฏ๐ฒ ๐ฎ๐ฐ๐ต๐ถ๐ฒ๐๐ฒ๐ฑ ๐ถ๐ป ๐ฎ ๐ป๐๐บ๐ฏ๐ฒ๐ฟ ๐ผ๐ณ ๐๐ฎ๐๐:
* Have honest and open conversations with people that will use the Contract Template every day and with Senior Managers that will lead the relevant teams.
* Send out a pre-announcement e-mail / Slack of the actual intended roll-out date
* Organize meetings to explain the Why, How, When and Benefits of the new Contract Template
* Conduct Training sessions
* Involve key stakeholders in the process like Senior Management and Team Members from all Relevant Departments
* Set expectations and hold people accountable
In summary, by notifying, briefing and pre-informing team members of the upcoming Contract Template, businesses can ensure that everyone is on the same page and that team members are prepared for the upcoming changes. This can help to minimize any confusion or disruptions and increase the likelihood of a successful rollout.
๐๐ฉ๐ช๐ด ๐ช๐ด ๐ฑ๐ข๐ณ๐ต ๐ฐ๐ง ๐ฎ๐บ ๐ญ๐ข๐ด๐ต ๐ต๐ช๐ฑ (10) ๐ฐ๐ฏ ๐ฉ๐ฐ๐ธ ๐ต๐ฐ ๐ช๐ฎ๐ฑ๐ณ๐ฐ๐ท๐ฆ ๐บ๐ฐ๐ถ๐ณ ๐๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต๐ด ๐ฃ๐บ ๐ค๐ณ๐ฆ๐ข๐ต๐ช๐ฏ๐จ ๐จ๐ณ๐ฆ๐ข๐ต ๐๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐๐ฆ๐ฎ๐ฑ๐ญ๐ข๐ต๐ฆ๐ด. ๐๐ฉ๐ฆ๐ค๐ฌ ๐ต๐ฉ๐ฆ ๐ธ๐ฆ๐ฃ๐ด๐ช๐ต๐ฆ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ค๐ฐ๐ฎ๐ฎ๐ฆ๐ฏ๐ต๐ด ๐ต๐ฐ ๐ณ๐ฆ๐ข๐ฅ ๐ต๐ฉ๐ฆ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ต๐ช๐ฑ๐ด.
Effective communication is critical when introducing a new Contract Template
As part 2 of my tips on how to roll-out a new Contract Template as an Expert, the following:
๐๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐๐ฒ ๐ฐ๐ผ๐บ๐บ๐๐ป๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ ๐ฐ๐ฟ๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐๐ต๐ฒ๐ป ๐ถ๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐ถ๐ป๐ด ๐ฎ ๐ป๐ฒ๐ ๐๐ผ๐ป๐๐ฟ๐ฎ๐ฐ๐ ๐ง๐ฒ๐บ๐ฝ๐น๐ฎ๐๐ฒ.
To ensure effective communication, make a strategic communication and follow-up plan to convince and inform the companyโs teams to use the new contract template.
As we have learned, the top-down approach does not work. It is not sufficient to simply send out the new template and expect its adoption.
To ensure success, team members need to know the critical components for the use of the new Contract Templates:
* Why
* How
* When
* Benefits
๐ฆ๐๐ฒ๐ฝ ๐ญ: ๐๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ ๐ฟ๐ฒ๐น๐ฒ๐๐ฎ๐ป๐ ๐๐๐ฒ๐ฟ๐ & ๐๐ฒ๐ฎ๐บ๐
Before starting your communication in the company, make a thorough analysis who will use the new template the most and/or who should be informed about the new template.
It is not about just informing the most obvious stakeholders like – for example – the sales managers who will use the new client contract.
In fact, there may be teams that business owners and Legal did not initially realize needed to be informed, like HR, Finance, Compliance, Operations, Product Teams, etc. Once identified, a communication plan can be developed that includes reaching all relevant stakeholders.
In summary, to ensure success in the roll-out of your new Contract Template, communicate your new templates to a wider group than you initially first thought of.
Tip 5: Review the content of Your Templates
Introduction
This is a follow up on the previous tip 4 to make a full list of all your contract templates. If you want to read that part, follow this link here: https://amstlegal.com/tip-4-make-an-inventory-of-your-contract-templates/. Staying on the same track, we at AMST Legal strongly advise to regularly perform a detailed review of your contract templates. That is part of our tip 5 of the article series “How to Improve Contract Templates”.
Keep reading to learn more about this appraoch.
Review the contents of your templates
Leaning back on the previous tip 3, which builds on cross-departemental collaboration, legal should review the templates – of course together with business – to make sure that the templates are all legally up to date and still work for all products/services that you are offering and cover all business risks.ย That require knowledge of the content of your templates though. The solution to that is to review your contract templates on a regularly basis.
What the review can show you
Think back to when the company started. In the beginning, the company might used certain contract templates without legal alignment, i.e. templates made by the commercial team or online templates. Another scenario is that the company has changed considerably. Thus, your company’s current needs might not be reflected in the contract templates.
Due to this review you might also find out that you can potentially:
- combine templates to limit the amount of different templates,
- remove templates that are not used, or
- make new templates,
Doing this can further improve the scalability & productivity of your company.
Pro-tip
Certain large corporates that I have worked with even ask an external law firm every two years to do a full review of their templates. That concerns e.g. General Terms & Conditions and Master Ordering Agreement. This ensures that their templates are up to date. It can also show how they generally can improve the templates for the business and their customers.ย
Conclusion
If you make sure to keep an eye on your templates you can ensure that the content will be up to date, Additionally, the contracting process can be made easier if unnecessary templates are removed.
Do you want to improve your scalability and productivity? Contact us at AMST Legal for tailored advice on how to do this in a simple way.
Tip 4: Make an Inventory of Your Contract Templates
Introduction
Earlier, we provided tips on how legal should not be afraid to involve other departments. You can access that article through this link: https://amstlegal.com/tip-3-legal-involves-other-departments/. Moving on, we are going to dive into the next tip in the series on How to Improve Contract Templates. This tip 4 concerns making an inventory of all contract templates.
Make an inventory of your contract templates
A must when using contract templates, which we at AMST Legal highly advocate for, is to
- Regularly make a list of all contract templates that your company is using day to day.
- Make sure you know how many specific/different contract templates the company has for its products & services, countries, languages and departments.
Best is not to only ask the legal department, but to especially ask the business (e.g. Sales, Partnerships, Procurement, HR) which template contracts they are using day-to-day. Just to make sure, also ask them to send you the exact template they are using and check if they are using the right templates.
After making the list, you might be amazed how many different templates are currently in use by the company and where they are all stored. Having this list will give you a better idea which next steps you should take to improve your contract templates.
Conclusion
Organizing your contract templates, reviewing how many you have, and sorting them can be a life saver in stressful times. Oftentimes you might not even need all of the templates that you have currently. So make sure to regularly check up on the status of your contract templates.
How many contract templates do you have in your company?
If you want to become even more structure, and streamline your contracting process – contact us at AMST Legal for tailored advice. Let’s take your contracting to the next level!
Tip 3: Legal Involves Other Departmentsย
Introduction
Previously, we shared valuable tips on how to structure legal’s responsibility of the contract process. Access it here if you haven’t read it: https://amstlegal.com/tip-2-legal-in-the-lead/. Continuing, we are moving on to tip 3. That concerns making sure that Legal involves other departments when drafting and rolling out / implementing templates.
Looking back, we have seen lengthy processes when working with large corporations. There, it would typically take 3-6 months before their client contract (a relatively straightforward Services Agreement) would be negotiated, agreed and signed. When working there, we were able to reduce the time spent on this to maximum 1-2 months. Keep reading to learn how you could do the same.
How to shorten the contract process
Three tips
We were able to bring this period down to a maximum of 1-2 months by:
- sitting down with the business to discuss how the contract could be improved, not only from a legal point of view but from a business point of view;
- amending the templates accordingly; and
- strongly involving the business with the roll out/ implementation of the new templates.
This provided an overview of the contract process and having other departments that use the templates on board from the start.
Why should legal involve other departments?
I have seen this working in every company where I had the opportunity to use this strategy. It is therefore my strong belief that Legal absolutely must:
- consider the opinion of other departments of the company, and
- draft/amend the contract templates accordingly where necessary and possible.
This applies especially to commercial contracts and less for purely legal templates like NDAs (Non-Disclosure Agreements) and DPAs (Data Privacy Agreements).
Alignment with the business โ for example Sales, Products, Finance or Compliance โ is essential to make sure that the templates do not only cover the legal risks, but also cover important business risks, practical issues and all products/services of the company. Another important reason to include these departments in the creation of the templates is to create a support base. The business will be a lot more engaged if they understand and agree with the template contract and if they have helped with the creation of it.
Conclusion
Incorporating insights from other departments when drafting and implementing legal templates can significantly shorten the contract process. By involving key teams such as Sales, Products, Finance, and Compliance, Legal can create templates that not only address legal risks but also align with business needs. Ensuring cross-departmental alignment leads to more effective contracts and greater support from the business. That makes the process more efficient and streamlined.
Stay tuned for our next article on tip 4. In the meantime, contact us at AMST Legal if you want to enhance your contract process through personalized expert help.
Tip 2: Legal in The Lead
Introduction
After having advised in the previous post, which you can read here: https://amstlegal.com/tip-1-80-template-20-no-template/, that your company should work towards structuring it to the โ80% template โ 20% no-templateโ rule whenever possible, the next step is to let legal be in the lead.
Let Legal be in the lead
When you have applied the 80-20 % Rule, you are ready to take the next step. The next step that can improve your contract processes concerns creation of templates and followingly, getting the necessary personnel up-to-speed. For this, an advice from us at AMST Legal is to let legal be in the lead when creating and introducing new contract templates. This shall apply to all contract templates that are within the plan – i.e., 80 % of your contracts – according to the AMST Legal approach.
Do you find this to be unnecessary to point out?
Having legal in the lead on creating and rolling out templates might seem to be very obvious. Especially for e.g. your Terms & Conditions, DPA (Data Processing Agreement), etc. In reality, this is not always the case, as the practice may be to have legal in the lead, but ends with other rogue approaches that we will explain below. Thus, it is not always so obvious, why this is necessary to point out.
Some examples of what AMST Legal have seen at companies are the following:ย
- With small (local) businesses, start-ups and scale-ups: the founders and/or the commercial team have downloaded templates from free online resources or made templates themselves. All very acceptable and completely understandable when starting a company, but if your company grows or becomes more mature it is important to review these old templates and make sure that you discuss this with Legal.ย
- With (large) corporations: the company has good templates, but the commercial / operational team has their own individual versions (not approved by legal) that they like to use and amend for specific products/services. Example: I once advised a company of 100 people where there were 40 versions of the same Sales Contract โ one for each product! We were able to bring it back again to 3 versions.
Therefore, make sure that Legal, i.e. an external lawyer or your internal legal department, is in the lead when making and rolling out new contract templates. We see it way too often that management or the commercial team use templates that legal have not approved. This can create various problems later on.
AMST Legal Recommends
Our recommendation in this regard is (obviously) to let Legal review and control all contract related documents.
Legal should be involved with the following contract processes:
- The obvious ones that is not only pure commercial contracts (like a sales contracts, DPA or partnership contracts), and also for
- documents where you might be of the opinion that they are purely commercial (e.g. Service Level Agreement, Pricing/Offer Documents or Engagement Letters).ย
In other words, legal is crucial for the inital contract process. Legal should control the drafting, implementation and filing of the template contracts to make sure that the templates are managed correctly by the company. However, note that this does not mean that legal have to complete and send out specific contracts made from contract templates.
Conclusion
To sum this article up, we at AMST Legal believe that it is in the company’s best interest to really let legal take the lead in contract processes. It might seem easier to create your own templates, but that can lead to other worrying moments that is best to avoid. If legal is taking the lead, the idea of improving your contract templates can improve rapidly, while requiring less help from legal.
Do you feel like your contract process align with the two problem areas we described and wish to improve your processes? Reach out to us or book a consultation with us at AMST Legal to recieve specialized advice tailored to your specific needs.
Tip 1: 80% Template โ 20% No-template
Introduction
In our previous article where we launched an introduction to the series ‘How to Improve Contract Templates – 6 Tips’, which is available here: https://amstlegal.com/how-to-improve-your-business-contracts-contract-templates-part-1-the-basics/. In that part, we highlighted some common issues companies face when it comes to effective contract template usage, especially in the tech industry. These issues include:
- limited resources to dedicate time to create great templates โ understandably, business always goes first;
- the contract templates are outdated, hard to find or difficult to use;
- the legal department / lawyer still needs to review and negotiate too many contracts because contract templates are incorrect, too difficult or can be amended too easily; and
- there are multiple versions of a contract template in use that are not aligned with Legal or the management.
This causes delays in the creation of contracts, increases risk for the company and raises the workload of your commercial and legal team to try to solve issues with your clients due to the use of incorrect templates.
To address these challenges, we introduce Tip 1 in our ongoing series on ‘How to Improve Contract Templates – 6 Tips’: The โ80% template โ 20% no-templateโ Rule (80-20 % Rule).
Tip 1: 80 % template – 20 % no-template
Why use the 80 % template – 20 % no-template rule?
One tip that we at AMST Legal always recommend for improving the overall structure of contract processes is the ’80-20 %’ rule. What does this mean you may ask. To put it simply, the rule concerns how you can strategize your contract processes. Doing this ensures faster contract processes while making work peaks less significant.
How does the 80 % template – 20 % no-template rule work?
As mentioned, our advice is to opt for working towards a contract process structure in line with this rule whenever possible. This rule is easy to apply, so we encourage you to start using this to make your contract processes smoother.
The idea of the 80-20 % Rule is that:
- you have templates for 80 % of your contracts, and
- that there is no involvement of templates for the other 20 %.
In practice, 80 % of your contracts stems from templates, while you have 20 % made from scratch.
Why is this beneficial?
Ensuring that 80 % of your contracts have templates might sound like a lot of work. Indeed, it does require time, structure and work to fulfil this. However, when you all contract templates in place, processes for those specific contracts will move quicker. At the same time you can save money, and time in the long run. I.e. from legal costs, costs due to minor errors in certain contracts etc.
The time you save from working with the more standardized contracts, that might only need minor changes, will release precious time and resources for your larger and more complex setups/clients. In other words the contracts which require you to draft and negotiate custom contracts.
If you structure your contract processes in line with the 80-20 % Rule and overall in a well organized manner, the contract process can bring all these benefits.
Conclusion
Finally, the advice on what you should do stands – incorporate the 80-20 % rule now to enchance your company. It will improve your everyday work life since you have better control, as well as the company’s financial status and ability to get solid contracts in place. We hope that this has been an eye-opener for use of contract templates. If this subject is something you want to delve into more, go ahead and read our next article in the series ‘How to Improve your Contract Templates’, here: https://amstlegal.com/tip-2-legal-in-the-lead/.
If you need specialized advice on improving contract processes, or how to implement the 80-20 % Rule, reach out to us at AMST Legal. We look forward to helping you.