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The contract review checklist is a comprehensive list of every key component that should be examined whenever you are going to sign a contract. It functions as the bare minimum that one should do before agreeing to anything but is no replacement for a professional contract review lawyer.

Add a CommentHighlight the text of interest in the agreement body (this can be done when viewing or editing the contract)Click the Comment button that appears.Enter your comment.Click Post to save your comment.Click the Comment icon to the right of where you added the comment to view the details.

Most contracts only need to contain two elements to be legally valid:All parties must be in agreement (after an offer has been made by one party and accepted by the other).Something of value must be exchanged -- such as cash, services, or goods (or a promise to exchange such an item) -- for something else of value.

15 Steps to Take for Vendor Contract ReviewsReview the scope of services.Locate the performance standards and make sure they are adequate.Verify the duration of the contract is correct.Ensure there is a default and termination clause within the contract.Consider costs and price increase language.

6 Things to Look for During a Contract ReviewKey Clauses & Terms. Every line in a contract is important and needs to be reviewed closely, but some clauses and terms are clearly more significant than others.Termination & Renewal Terms.Clear, Unambiguous Language.No Blank Spaces.Default Terms.Important Dates & Deadlines.

6 Things to Look for During a Contract ReviewKey Clauses & Terms. Every line in a contract is important and needs to be reviewed closely, but some clauses and terms are clearly more significant than others.Termination & Renewal Terms.Clear, Unambiguous Language.No Blank Spaces.Default Terms.Important Dates & Deadlines.

Redlining requires that you go back and forth with the other side to hammer out the details of your agreement. Always think carefully before proposing edits. If you want to make substantial changes, consult a lawyer to protect yourself and other people involved in the contract.