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Redlining is the discriminatory practice of denying services (typically financial) to residents of certain areas based on their race or ethnicity. Under fair lending laws, these factors cannot be used for making lending or underwriting decisions.

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.

Minor modifications to a contract can be handwritten onto the document. Clearly write the changes, and sign your initials next to each change, before signing the entire document. If the other party agrees to the changes, the other party will also initial the changes and sign the document.

If a contract already exists and you and the other party want to modify some element of it -- whether it's an addition (addendum), deletion, correction, or similar change -- an amendment is an ideal solution.

How to create Redlining SuccessfullyKnow Your Redlining Software.Never Create a Redlining over another Redline while doing Contract Changes & Terms.Avoid Reading Triple Redlining.If in Doubt over another Party's Redline, Run Yours.Do not Rely on Track ChangesVery Few Changes.More items...

So when you make a contract or deal, you can stipulate that a certain condition must be met. Anytime you draw up a legal agreement, you can stipulate a requirement that has to be met for that agreement to be complete. This stipulation might put some sort of limit on the agreement.

Redlining is done on documents such as contracts. It involves marking texts in documents to indicate that there have been some additions, changes, rejections, approvals and deletions. These markings are usually in the red color and that is where the term redlining.