CONTRACT CHECKLIST

A MUST-HAVE FOR
ALL ORGANIZATIONS

Contract Checklist
Are you tired of signing contracts without fully understanding the terms and conditions? Do
you want to make sure you're protected from any unforeseen legal issues down the road?
Introducing the Contract Checklist - the ultimate tool for reviewing and understanding
contracts!

A Contract Checklist can help you organize and track the important elements of any
contract, ensuring that you don't miss any crucial details before signing on the dotted line.
Here are some of the key items to include in your Contract Checklist:

Check & Tick

Tick TITLE Description

1. Title, Date of Make sure these details are accurate and clearly stated in the
Execution, Details of contract. Ensure that all parties are correctly identified and

the Parties and accurately represented in the contract.

Effective Date:

2. Recitals: These provide context and background information
about the contract and its purpose.

3. Scope of Work: Clearly define the scope of work, including deliverables,
timelines, and any specific requirements.

4. Definitions and Ensure that all key terms are clearly defined and that the
Interpretation: interpretation of the contract is unambiguous.

5. Obligations/ Outline the obligations and covenants of each party
Covenants of the involved in the contract.
Parties:

6. Consideration and Clearly outline the payment terms, including the
Mode of Payment: amount, due date, and mode of payment.

7. Default: Identify the conditions under which a default occurs and

the remedies available to the non-defaulting party.

8. Representations Outline the representations and warranties made by

and Warranties: each party and ensure they are accurate and truthful.

9. Term and Identify the term of the contract and the conditions
Termination: under which it can be terminated.

10. Confidentiality: Ensure that any confidential information is clearly

identified and protected.

11. Intellectual Clearly outline ownership and usage rights for any
Property Rights: intellectual property related to the contract.

12. Indemnification: Identify any indemnification clauses and ensure that

they are fair and reasonable.

13. Governing Law Clearly identify the governing law and jurisdiction for
and Jurisdiction: any disputes related to the contract.

14. Breach and Identify the consequences of breaching the contract

Consequences of and the remedies available to the non-breaching party.
Breach:

15. Dispute Outline the process for resolving any disputes related to
Resolution: the contract.

16. Waiver: Identify the conditions under which a party can waive
their rights under the contract.

17. Non-compete and Identify any non-compete and non-solicit clauses and
Non-solicit: ensure they are fair and reasonable.

18. Assignment and Identify the conditions under which the contract can be
Severability: assigned and ensure it is severable.

19. Amendment and Identify the conditions under which the contract can be
Entire Agreement: amended and ensure that it represents the entire
agreement between the parties.

20. Change of Identify the conditions under which a change of control

Control: of one of the parties would affect the contract.

21. Notices: Identify the conditions under which notices must be

given and ensure they are accurate and timely.

22. Jurisdiction: Clearly identify the jurisdiction for any disputes related
to the contract.

23. Limitation of Identify the limitations on liability and any liquidated
Liability and damages provisions.
Liquidated Damages:

24. Force Majeure: Identify the conditions under which the contract can be
terminated due to force majeure events.

25. Exclusivity: Identify any exclusivity clauses and ensure they are fair
and reasonable (if required).

26. Third-Party Identify any third-party rights and ensure they are
Rights: accurately represented (if required).

27. No Partnership: Clearly state that the contract does not create a
partnership or joint venture between the parties (if
required).

28. Counterparts and Ensure that all parties have signed the contract and that
Signature Sections: it has been executed in counterparts.

29. Insurance: Identify any insurance requirements related to the
contract and ensure they are reasonable.

30. Governing Identify the governing language of the contract and
Language: ensure that all parties understand it.

31. Time of the Determine whether time is of the essence for any aspect
Essence: of the contract and ensure that all parties agree.

32. Schedule or As required
Annexures

By using a comprehensive Contract Checklist like this, you can ensure that you have
covered all the essential elements of any contract before signing it. Remember, taking the
time to review a contract carefully before signing it can save you from a lot of trouble and
expenses in the long run. Happy contracting!