Start using this Workflow
Contract Review Checklist
Legal and Compliance Review
Verify the contract complies with local, state, and federal regulations.
Ensure all necessary licenses and permits are documented.
Check for any clauses that may create legal liabilities.
Confirm the contract includes appropriate dispute resolution mechanisms.
Ensure the contract complies with industry-specific regulations.
Financial and Payment Terms
Review pricing and payment terms for accuracy.
Ensure there are clear terms for late payments and penalties.
Confirm any advance payment requirements.
Verify any discounts or promotional terms are clearly defined.
Check for any hidden fees or additional charges.
Service Level Agreements (SLAs)
Ensure SLAs are clearly defined and measurable.
Confirm the availability and uptime commitments.
Review response and resolution times for support.
Check for performance metrics and reporting requirements.
Ensure there are penalties for not meeting SLA requirements.
Termination and Renewal Clauses
Verify the terms for contract termination by either party.
Ensure there are clear conditions for contract renewal.
Check for any automatic renewal clauses.
Confirm any notice periods required for termination or renewal.
Review any exit strategies or transition plans.
Intellectual Property and Confidentiality
Ensure the contract includes confidentiality agreements.
Verify the ownership of intellectual property created under the contract.
Check for any licensing agreements for use of IP.
Ensure there are measures for protecting sensitive information.
Review the terms related to data security and privacy.
Dispute Resolution and Governing Law
Confirm the governing law and jurisdiction for the contract.
Ensure there are clear procedures for dispute resolution.
Check for any arbitration or mediation clauses.
Verify the process for escalating disputes.
Review the terms for legal fees and costs in case of disputes.
