This is part of a series of articles on transactional contract issues by professor Michael L. Bloom and students in the Transactional Lab & Clinic at the University of Michigan Law School.
In today’s competitive marketplace for legal services, minimizing costs without sacrificing quality is a primary consideration when using in-house resources and choosing outside providers. Businesses are understandably concerned about the expense of legal services. The negotiation and internal review processes for common procurement transactions can be a prime source of inefficiency.
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