We're currently working on minimizing the number of supplier agreements that necessitate legal review, especially considering that many of them pose low risk and may not warrant the time investment. I'm curious to know if others have implemented similar measures and, if so, which types of supplier agreements have been permitted to bypass formal legal review.
Anna LozynskiFreelance General Counsel, Innovation Consultant & Tech Influencera year ago
Hi. I've done this in-house in the past. We used a $ materiality threshold as the predominant line in the sand, but there were some exceptions, as always! It worked in reducing the workload though.
Anna Lozynski, Freelance General Counsel, Innovation Consultant & Tech Influencer at Anna Lozynski Advisory & inCite Legal Tech | Gartner Peer Community
Hi. I've done this in-house in the past. We used a $ materiality threshold as the predominant line in the sand, but there were some exceptions, as always! It worked in reducing the workload though.