You're facing pressure to rush contract terms. How can you ensure a thorough review?
When time is tight and contracts need signing, ensure you don't miss the fine print. To maintain diligence:
How do you handle the heat when reviewing contracts on a tight deadline?
You're facing pressure to rush contract terms. How can you ensure a thorough review?
When time is tight and contracts need signing, ensure you don't miss the fine print. To maintain diligence:
How do you handle the heat when reviewing contracts on a tight deadline?
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When pressured to expedite a contract review, you still have your maintain quality by using smart shortcuts. Start with impact: Identify the 3-4 clauses most likely to drive financial or legal risk—liability caps, indemnity, IP rights, warranties—and assess them first. Pull up similar contracts you've recently reviewed to avoid reinventing the wheel, and do a high level red flag review first. Communicate expectations clearly: flag key clauses for input and document any limits in the review due to time constraints. A clear, focused approach ensures protection even under a tight timeline so both legal and the business stakeholder are happy.
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Prioritize key clauses and ensure they are reviewed thoroughly first. Request extra time if needed. Review in stages, focusing on one section at a time. This can make the process quicker and more manageable. If needed, ask for help. Note any unclear or unresolved points, and flag them for follow-up discussions before signing.
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You're facing pressure to rush contract terms, but hasty reviews can lead to costly mistakes. Here's how to maintain diligence under pressure: 1. Create a rapid response framework with pre-approved clauses and clear escalation protocols. 2. Focus on deal-breakers first: payment terms, liability, termination rights, and compliance requirements. 3. Leverage tech wisely – use contract analysis tools and collaborative platforms to accelerate review without compromising quality. 4. Set expectations early. Communicate your timeline and process upfront. 5. Consider a "speed lane" for urgent contracts – a dedicated team ready to handle time-sensitive reviews. Remember: A rushed mistake far outweighs the time saved by skipping due diligence
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