Template Contracts Are a Cheaper Alternative to Automated Electronic Contracts and Still Greatly Improve Efficiency

Posted by Bray Dohrwardt | Apr 03, 2024 | 0 Comments

Are you tired of spending countless hours drafting new contracts from scratch? Perhaps you've found yourself repeatedly drafting the same consulting or sales agreements. If you're not ready to automate your processes due to costs, there's still a solution that can make your contracting process more efficient. Template agreements are ready-to-use contracts that save you significant time, allowing you to focus on other essential aspects of your business.

When you hire a law firm to negotiate and draft a contract, do you get just one contract? Or do you ask for the contract to complete a deal and provide a basic version you can use as a template for similar future deals? It makes efficient sense to consider each agreement as a template for future deals when remembering that the last executed contract is a moment in time highlighting your organization's risk tolerance and operational capability. As the thought goes, you were comfortable with the terms and how to operationalize them, so you should be able to do it again. Template contracts provide numerous benefits that save you time, money, and legal headaches. Contact the Dohrwardt Law Firm If you would like to talk about how template contracts can improve your business.

First and foremost, template contracts can help you ensure consistency and accuracy in your legal agreements. Using a standardized template, you can be confident that your contracts include all the necessary provisions and are legally sound. Utilizing consistent terms also empowers your salespeople with an understanding of the contracts and company risk tolerances and the ability to advise customers on whether a proposed change to typical contract terms will be acceptable to the company.

Additionally, a template can significantly reduce the time it takes to draft a new contract. Instead of starting from scratch each time, you can modify the template to fit your needs. This can be done through various low-cost technology solutions. Having prepared contracts with multiple provisions and terms to select from can automate your process and get the contract in your customer's hands as quickly as possible. This can save you hours of effort and allow you to focus on other essential tasks.

Template contracts can be a game-changer for your business, especially if you're looking for a cost-effective solution. Instead of paying a lawyer to draft a new contract every time, you can ask your attorney to generate a template for each similar transaction. This can work for sales, consulting, employment contracts, and other contracts typically used in a business. For small companies and startups with limited budgets, this can be a particularly beneficial option.

Using a template can be a proactive step toward avoiding legal disputes. By ensuring that your contracts are consistent and legally sound, you can significantly minimize the risk of disagreements with clients, partners, or vendors. If you do business in several states, you can add state-specific terms and provisions, ensuring your business complies with local rules. This risk mitigation aspect of template contracts can be a valuable asset for your business.

In summary, the benefits of using template contracts are transparent. They can save you time, money, and legal headaches while ensuring consistency and accuracy in your legal agreements. So, next time you draft a new contract, consider making it a template to streamline the process. Contact the Dohrwardt Law Firm if you would like to discuss how to build a template library.


The information provided is only for general information and is not meant to be legal advice. Information on this website, including third-party links, may be less up-to-date, so you should contact your attorney to discuss your situation. Third-party links are provided for convenience only and are not an endorsement by the Dohrwardt Law Firm.

About the Author

Bray Dohrwardt

As an accomplished attorney with over 22 years of experience, Bray Dohrwardt has built an impressive career, enabling business growth and commercial success for many companies from start-ups to large corporations and nonprofits. He focuses his practice on business law and energy law.


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Bray Dohrwardt is licensed to practice law in Minnesota and Texas. Please contact the Dohrwardt Law Firm to discuss how the firm can help you get business done.