Contract check list

1 Parties  

Are the parties clearly identified, and are the signatories authorized to commit to the agreement? 2️⃣ Scope of Work   Is the scope of work clearly defined and comprehensively described? 3️⃣ Acceptance   Has the offer been formally accepted by the relevant party? 4️⃣ Consideration and Responsibility   Does the contract state the consideration (what each party will get in return) and outline the responsibilities of each party? 5️⃣ Delivery   Does the contract specify delivery timelines, including dates and milestones? 6️⃣ Payment Terms   Are the payment terms and conditions clear and defined? 7️⃣ Variation/Change Orders   Does the contract outline the process for requesting and approving changes or variations to the scope of work? 8️⃣ Dispute Resolution   Are there clear steps for resolving disputes, including negotiation, mediation, or legal recourse? 9️⃣ Force Majeure   Does the contract address what happens in the event of unforeseeable circumstances that prevent contract performance? 🔟 Expiry Dates   Does the contract mention the contract duration or expiry dates? 1️⃣1️⃣ Renewal Terms   Are there provisions for contract renewal? 1️⃣2️⃣ Penalties/Fees   Does the contract define penalties or fees for non-compliance or failure to meet obligations? 1️⃣3️⃣ Insurance and Warranty   Are the necessary insurance and warranty provisions included and clearly defined? 1️⃣4️⃣ Default Clause   Does the contract outline specific breaches or default circumstances? 1️⃣5️⃣ Termination Clause   Are the conditions for contract termination specified, along with available remedies for the non-breaching party? 1️⃣6️⃣ Confidentiality Clause   Is there a confidentiality agreement included, and are the penalties for breaches specified? 1️⃣7️⃣ Arbitration Clause   Does the contract include clear arbitration procedures, including the selection of arbitrators? 1️⃣8️⃣ Choice of Law Clause   Does the contract address governing law, particularly if cross-jurisdictional issues arise? 1️⃣9️⃣ Limitation of Damages   Are the types and amounts of recoverable damages clearly defined?