Contract review is a judgment process, a normal analysis for contract. Contract review process consist of: make clearing of contract related facts, forecast of contract risks and measure of the possibility of contract. The purpose of the contract review is for controlling the legal risk.
Contract review can be classified into three. They are the following:
• Prior Review and Post Review
• Operation Review and Legal Review
• Formal Review and Substantive Review
To attain success in business is very hard. Main strategy to attain success in business is to make sure you properly implement the contract review. A thorough review of your contracts and related costs will often expose several easy cost savings choices.
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