Assessments & Tools

Authoring Tools to Look for in a CLM

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5 Questions to Ask When Drafting Your Contract Contract risk begins with the contract language itself. Here are five questions you should ask when drafting a contract to assess whether you're putting the company at risk. RISK A S S E S S M E N T Y E S N O Does the contract use language that is approved by the legal department, and does it contain all required clauses? 1 If you have modified standard clauses, have those modifications been approved by the right people? 2 Does the contract deviate from the organization's standard payment terms for this type of business? 3 Is the contract with an approved vendor/customer? 4 Is the contract approved and signed by the appropriate people? 5 See Results

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