With so many different sorts of contracts out there, you can expect to be doing contract reviews on whole host of different agreements.
All contracts will have some effect on your business. Some big, some small.
If you haven’t read it or don’t understand it, you’re exposing your business to unknown risks. Missing them means that you are putting your business at risk. Exposure to financially costly events cause unnecessary or fatal strains on your business and your relationships.
Where do you start with your contract review process when you’re confronted with a beast of a contract?
Starting from the very beginning and going through it one page after another is a mistake. You’ll 10x the time you need to get into it, understand it, find the gaps and fix them so that it works for your business.
There’s a better way.
Implement a structured process to do it.