“What we're doing is asking people to do a little bit more. Everyone is very busy but people also understand that we're all going to have to tighten our belt a little bit more," said Stephen Kim, chief legal officer at Avicanna.
April 14, 2022 at 09:30 AM
5 minute read
Reporter
The original version of this story was published on Corporate Counsel
As inflation worsens, legal chiefs and their in-house teams are stepping up and finding ways to help their companies tamp down a vast array of price hike fires. And a significant part of that work is reviewing contracts with service providers, clients and other business partners.
“You look at some of those agreements and see if there are areas where you can control costs, areas where you can renegotiate,” said Jay Pricher, general counsel for Best Western Hotels & Resorts in Phoenix.
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