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This checklist outlines what counsel should consider when drafting or reviewing a commercial contract. It addresses, among other terms and provisions, pricing and payment, term and termination, representations & warranties, indemnifications, limitations on liability, confidentiality, insurance, ownership and licensing rights, assignability, and dispute resolution procedures.
This checklist is industry and jurisdiction neutral and, as such, counsel should consult state and industry specific law when drafting or reviewing a commercial contract on behalf of his or her client.
Identify the Agreement, the Parties, and the Effective Date
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