Patrick Lim Partner at Raj, Ong & Yudistra Today we look at the last two focus clauses when reviewing legal contracts – dispute resolution and governing law clauses. It goes without saying that while we have discussed the types of clauses to focus on during a legal contract audit, there

Patrick Lim Partner at Raj, Ong & Yudistra We previously looked at clauses regarding obligations a KPIs in relation clauses to focus on when carrying out a legal contract audit. Moving forward, the next two classes of clauses to look at are clauses relating to “compensation and “indemnification”. Along with

Patrick Lim Partner at Raj, Ong & Yudistra Thus far in this third volume of articles for our Legal Audits series, we have looked at 4 types of clauses that should be included during any contract review or audit. In this article, we take a look at two other types

Patrick Lim Partner at Raj, Ong & Yudistra Continuing with our look at the types of clauses to focus on when carrying out legal audits, the next two types of clauses we recommend you look at are clauses related to the duration of the agreement, and what happens if it

Patrick Lim Partner at Raj, Ong & Yudistra Proceeding with the breakdown of the types of clauses that you should look at when carrying out legal contract audits, we shall take a look at the first 2 types of clauses – Parties and Purpose. Parties When reviewing the “Parties” item

Patrick Lim Partner at Raj, Ong & Yudistra In the previous volumes of this series of articles, we took a macro look at legal contract audits, such as benefits, risks, overall strategy, and examples. In this volume, we start looking at the contracts themselves. The goal is for you to

Patrick Lim Partner at Raj, Ong & Yudistra Up to this point in this series on legal contract audits, we have covered things to consider when carrying out audits, the steps involved, the risk in the absence thereof, and personal liabilities that the management of a company may be exposed

Patrick Lim Partner at Raj, Ong & Yudistra As part of the second volume of this series on legal contract audits, we are taking the time to explore what are the personal risks incumbent on the management of companies who may not have sufficient controls, such as regular contract audits,

Patrick Lim Partner at Raj, Ong & Yudistra The recent parts of this volume of articles have identified the main risks one is faced with when there is a lack of governance and controls such as carrying out regular legal contract audits. In this article, we will explore a few

Patrick Lim Partner at Raj, Ong & Yudistra In our last article, we explored some examples of challenges that companies have faced where there is lack effective corporate governance, of which legal audits are a significant part of. Here we explore whether not having controls such as legal contract audits

Patrick Lim Partner at Raj, Ong & Yudistra Failing to conduct regular contract audits can expose a company to a variety of risks, as outlined in our previous article. These risks can include non-compliance with laws and regulations, disputes over the terms of contracts, inefficiency or ineffectiveness in contracting, and

Patrick Lim Partner at Raj, Ong & Yudistra In the last volume of this series, we explored the benefits of carrying out legal contract audits as well as the steps of carry one out. In this article, we take some time to look at the risks for not carrying out