Contract Mapping: Taking the Diligence Room and Contract Transparency to the Next Level
Abstract
Traditional methods of tracking contracts miss the opportunity to provide meaningful context and insight relating to the contracts of the company to management, the board members, auditors, and investors. This paper provides an approach to mapping material contracts by functional area (R&D, BD, HR, OPS, etc. ) utilizing standardized graphics to readily convey information as to the nature, materiality, and context (both to the company and amongst counterparties) of each material contract creating a navigation tool for stakeholders that sits atop traditional methods of storing and communicating contract matters resulting in greater transparency and actionable insight and possibly increasing enterprise valuation.
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