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The purpose of the Contract Review Form is to create a complete electronic document file for University Contract records and communication. This form is to be completed and included with all contracts, renewals, and related documents.
What Is Contract Review? Contract review is a process of reading and understanding a written agreement, often on a line-by-line basis. When a lawyer reviews a contract, they deeply analyze whether a contract is fair. They also look for loopholes to make sure you are protected once you sign the contract.
A contract review is a contractual process used to identify and analyse the key provisions within an agreement. A legal professional will read each contract thoroughly to understand the terms and conditions and highlight risks or relevant information.
The purpose of a contract review is to make sure your interests are protected and that you are not being taken advantage of. Because contracts are designed to be legally enforceable agreements, it is important to look at a contract from a legal perspective as well as a business perspective.
Contract review is a process in which specific product or process requirements are reviewed to ensure a supplier has the proper staff, approval, and equipment capability to produce the product or process.