Contract Review And Redlining

State:
Multi-State
Control #:
US-0233BG
Format:
Word; 
Rich Text
Instant download

Description

A contract is a binding agreement between two or more parties. This agreement creates one or more obligations. Each party to a contract is legally bound to do, or to refrain from doing, certain acts. The essence of a contract is that by mutual agreemen
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FAQ

To redline your document with the automated Track Changes feature, follow these steps:Open your document. To begin, open the document you want to edit or change.Turn on the redlining feature.Choose the proper markup.Find the "Strikethrough" button.Find the font color button.Use these features as you change text.27-Sept-2021

Redlining is the process of editing a contract when two or more parties are negotiating or working together. The goal is to produce a single document that satisfies all parties. The term redlining comes from the original, physical method of editing contracts, which involved printed papers and red pens.

Redlining contracts as we know it today in the legal profession refers to the act of performing edits to a document and/or comparing mark ups. Redlining also can refer to a form of document comparison (usually contracts) that is generally done by computers.

One party would take the document and cross out words and add edits in red ink. This document would then go to the next editor, who would do the same thing. The red ink made it easy for everyone to see the exact changes that were made. Eventually, everyone would agree on one version of the contract.

About This ArticleClick the Review tab.Click Track Changes.Click Simple Markup.Click All Markup.Click Show Markup.Select options to show.Highlight text and select New Comment.Edit the document and click Accept.04-Jun-2020

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Contract Review And Redlining