Please review the following checklist to ensure a thorough review of any contract agreements. Check the box as you complete each item to ensure all aspects of the contract are reviewed in detail.
Verify the contract details such as date, parties involved, and type of agreement.
Confirm that the involved parties are correctly identified with their legal names and addresses.
Check if all annexes, exhibits, and schedules are included as referenced in the contract.
Ensure the contract's purpose and scope align with the firm's strategic objectives.
Determine the legality of the contract to ensure that it does not contravene local or international laws.
Analyze potential risks associated with each clause and draft risk mitigation strategies.
Identify any clauses that could trigger disputes and suggest modifications.
Evaluate the termination clauses to ensure they are fair and enforceable.
Assess confidentiality agreements for adequacy in protecting the firm's sensitive information.
Review indemnification clauses to ensure they are clearly defined and protect the firm as intended.
Verify compliance with relevant labor laws and regulations.
Check adherence to industry-specific regulations and standards.
Confirm that the contract is in line with [Your Company Name]'s ethical policies.
Ensure the environmental compliance clauses are met, if applicable.
Double-check for compliance with data protection laws, especially GDPR if operating in or dealing with the EU.
Assess the pricing structure and payment terms to ensure they are clear and beneficial to [Your Company Name].
Verify any penalties for late payments or breaches, ensuring they are reasonable and enforceable.
Check for the presence of any financial audit rights.
Ensure that financial liabilities are capped in accordance with the agreement negotiated.
Review any provisions for financial dispute resolution.
Ensure all parties have reviewed the final draft and provided feedback.
Obtain final approval signatures from authorized persons.
Archive the executed contract in both digital and physical formats as per the firm's protocol.
Distribute copies to all relevant internal departments such as finance, legal, and operational teams.
Set reminders for any critical dates or obligations arising from the contract.
Templates
Templates