When I read a contract, I go through it line by line to make sure there are no hidden fees, no costs that would be detrimental to my client, terms are clear, and there are no loopholes. Often as attorneys we use a checklist to make sure we cover all there is to cover. Call it a safety net. Note, however, that before reviewing, we have gathered all the facts about a transaction to make sure we understand the transaction and risk, so that when we work with a contract, we aren’t just putting redlines on it. Rather, we’re mindful of the transaction, its risks, the goals of the client, and the work we must do to advance our client’s interest in the transaction. While I can’t go over all the details and work that goes into a contract review, I have created a checklist you can access here to help you review key aspects of a contract even if you’re not working with an attorney right away.
If you have questions about contract formation, review, drafting, and negotiation reach out to Aida Dismondy at 734.746.5006 or at firstname.lastname@example.org