How to Manage Contracts in Lexzur

Objectives

• Insert a contract/document in the database
• Correct/Revise/Update/Approve/Sign contracts

Steps

In LEXZUR, you can easily and efficiently manage your contracts & documents.

First, you have to add contracts/documents to your database. You do that quickly from the Create button in the main menu. 

We have two options to generate a contract/document: 

1. Create a contract/document from Template

2. Upload Contract/Document

You can click on the Contract name or Contract ID to open its page and edit or capture more information. You can capture information regarding Contract details, dates, people, and notes.

You can also create and manage the Folder structure and Upload Documents through the Attachments Tab. The LEXZUR Editor is an efficient tool to help you manage document versions related to a specific contract. 

Once done, make sure to change the "To Be Approved" and "To Be Signed" options to "yes" so that your contract is now ready for approval and signature.

The next step is to identify the list of approvers and signees. This can be done manually from the Approval Center and Signature Center. However, the list of approvers and signees can be configured based on predefined business rules from the Legal Team.

The Approvers can start a negotiation, and approve or reject the contract.

Once the contract is approved by everyone, it should be signed. The list of signees could use DocuSign, Adobe Signature, or other signature workflow. Once signed, the contract is saved and can be retrieved easily.

Another important feature available in Contra is the Milestones which will help you log the milestones and deliverables of every contract. There are also two workflows for every milestone: a general one and a financial one.

In addition to the above, there is a task tool where task management is smooth and intuitive when several people are working in parallel on the same object.

Moreover, you can log time, add expenses, and set all the reminders related to this contract, and the concerned people will receive notifications before the due date.

Furthermore, you can now send your contracts by Email and track all the related email conversations.

Last but not least, any given Contract could be linked to an existing Matter or litigation Case and it also could be associated with an existing contract.

For more information about LEXZUR, kindly reach out to us at help@lexzur.com.

Thank you!