Contracts, Business & Corporate Law Blog
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.
The Essential Contract Review Checklist - Part 2: Primary Duties and Obligations - The Core of the Contract
Clear and precise delineation of duties and obligations is essential for any successful contract. This section serves as the operational blueprint, defining what each party is responsible for and how their performance will be measured. In this article, which is the second in a series of articles, I explore how to structure these obligations with specificity, establish measurable performance standards, and set realistic timelines to ensure accountability and minimize disputes. By carefully reviewing these key elements, you can create a contract that protects your interests while fostering a productive and long-lasting business relationship.