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The always-on legal assistant you’ve been waiting for
A large medical device company collaborates closely with physicians and specialists to create the highest quality implants for patients. As part of these collaborations, the company makes payments on more than 100 royalty relationships each quarter.
Some royalty contracts may take up to a year to finalize, and a royalty relationship can extend 30 years or more. With such complex agreements, the company’s CLM system couldn’t provide legal, finance or product development teams with a comprehensive and timely way to track obligations, ensure payment accuracy and mitigate risk.
So they enlisted the help of Pramata to consolidate, standardize and prioritize disparate royalty contract relationship documentation. With Pramata, the company was able to:
See the radically simple contract management solution that has been trusted and vetted by some of the largest companies in the world for over 15 years.
1.415.963.3544
1 Sansome Street, Suite 3500
San Francisco, CA 94104
USA
info@pramata.com