The Initial Assessment

5. Contracts Review

Hand in hand with the Financials, the company's contracts are examined, to assess legal positioning and risk as well as areas for possible improvement. Also, a business can often be greatly optimized by refining forms and contracts to automate processes in the operation, thereby cutting costs, saving time and providing better reporting capabilities for constructive analysis and profitability improvements. In the Contracts Review, MEC generally reviews the following documents and topics:

• Investor and stockholder agreements
• Existing client contracts
• Addendums & Change Orders
• The quoting process
• Proposals and the proposal generation process
• Lead management forms
• Surveys and questionaires
• The sales process
• Warranties and guarantees
• Licensing agreements
• Long-term lease contracts
• Loan agreements
• Alliance agreements
• Subcontractor agreements
• Employee contracts
• Non Disclosure Agreements
• Internal forms, checklists, reports

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