Contracts, Business & Corporate Law Blog
The Essential Contract Review Checklist - Part 4: Representations and Warranties - Establishing the Foundation of Accountability
In this article, which is the fourth in a series of articles, I explore the critical role of representations and warranties in contracts, focusing on how they allocate risk, confirm certain facts or promises to be true, and ensure accountability between the parties. I also examine key considerations such as scope, limitations, and qualifications, discussing practical strategies for both limiting exposure and ensuring adequate protection. A thorough review of the representations and warranties is crucial to protecting your interests, ensuring accountability, and effectively mitigating potential risks throughout the life of the contract.
The Essential Contract Review Checklist - Part 3: Consideration and Payment Terms - The Lifeblood of the Agreement
In this article, which is the third in a series of articles, I delve into the core financial aspects of contract review, focusing on consideration and payment terms. From ensuring the adequacy of consideration to defining clear payment due dates and payment methods, each element plays a pivotal role in safeguarding contractual interests. By addressing these key areas, you can help ensure that your contract is not only comprehensive and enforceable but also aligned with the financial needs and expectations of all parties.