Contract Finishing Checklist: Make Sure Your Contracts Look Spiffy

Procurement pros have a couple of tangible "things" to show our worth.  First, our metrics, like contract savings, contract turn-around time, and contract template ration.  Second, our contracts.

Contracts are our tangible work product.  When we send our contracts around for signature, they represent us and the value that we provide.  Send a contract around for signature that's crap, and one of the signatories finally takes the time to actually read one of your contracts only to find it full of issues?  That reflects on you.  These days, especially, you don't want to send out anything less than top-notch.  Thus, it's incumbent on you to make sure your work product is professional and well done.  To that end, a "contract finishing checklist" follows that can be used as a final quality check before your contract goes out the door.  P.S. If you have anything to add to the list, let me know.

___ Vendor’s correct legal identity used (Corp., LLC, LLP, GP, Ind., etc)

___ Customer’s correct legal identity used

___ Recitals reflect background and purpose

___ Pages numbered and contiguous

___ Section numbered and contiguous

___ Survival clause section numbers match

___ Spell-checked

___ Proofread

___ Proper spacing between paragraphs

___ Consistent font size / type

___ Consistent date styles, e.g., June 1, 2009 or 6/1/2009

___ All dates correct

___ All defined terms capitalized and defined

___ No terms capitalized unless defined or unless punctuation requires

___ Numbers consistently enumerated and written, e.g., sixty (60)

___ Currency figures in $0,000.00 format

___ All exhibits, schedules, addenda properly identified in master and incorporated

___ Each covenant or warranty has a corresponding remedy

___ No first person (you, them, us, we)

___ Vendor address of notice

___ Correct provision headings

___ Vendor (e..g, “Supplier,” “Vendor,” “Contractor”) consistently named throughout

___ Acronyms identified on first use

___ Defined terms identified on first use or labeled “as further described herein”


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Comments

  • 9/3/2009 7:15 AM Gordon G. Benning wrote:
    Stephen,
    Thanks for the checklist. It is particularly useful for my group since our lead attorney is very keen on having everything in order and we strive to put forth the best contracts we can. Also, it makes for more readable documents when all the items on the checklist are in order.

    Gordon

    Thanks for all your helpful information.

    Gordon
    Reply to this
  • 9/14/2009 11:01 AM Robin Netzel wrote:
    Simple elegance is probably the way I would describe this list. It is comprised of the basics which can often trip us up when we are in a rush. Thanks for posting this list.
    Reply to this
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