Contract Review Checklist

Contract Type: _________________ Date: _________________

Other Party: _________________________________________________

⚠️ IMPORTANT: Never sign a contract you don't fully understand. When in doubt, have an attorney review it. Take your time - don't let anyone pressure you to sign immediately.

Before You Sign - Basic Review

I have read the ENTIRE contract carefully

All blanks have been filled in (no blank spaces)

I understand ALL terms and conditions

The contract matches what was verbally agreed upon

All verbal promises are written in the contract

Parties & Identification

All parties are correctly identified with full legal names

Addresses and contact information are correct

Person signing has authority to bind their company/organization

All parties are legally able to enter into this contract

Core Terms & Obligations

What each party must do is clearly stated

Deadlines and timeframes are specific and reasonable

The scope of work/services is clearly defined

Performance standards or quality measures are stated

I can realistically fulfill all my obligations

Payment Terms

Total cost/payment amount is clear and acceptable

Payment schedule is clearly defined

Payment method is specified

Late payment penalties are reasonable (if any)

Refund/cancellation policy is understood

Hidden fees, additional costs, or charges are identified

Duration & Termination

Contract start and end dates are clear

Auto-renewal terms are understood (if applicable)

How to terminate/cancel the contract is clearly stated

Notice period for termination is reasonable

Penalties for early termination are acceptable

Risk & Liability

Who is liable for what is clearly stated

Insurance requirements are understood

Limitation of liability clauses are reasonable

Indemnification clauses are understood and acceptable

Warranties and guarantees are clearly stated

Dispute Resolution

How disputes will be resolved is specified

Arbitration/mediation clauses are understood

Which state's laws govern the contract

Venue for legal proceedings is acceptable

Special Clauses to Watch For

Non-compete clauses (acceptable or too restrictive?)

Confidentiality/NDA requirements understood

Intellectual property ownership is clear

Assignment rights (can contract be transferred?)

Force majeure (acts of God) clause reviewed

Final Steps

I have compared this to similar contracts if possible

I have negotiated terms I'm uncomfortable with

All my questions have been answered

I will keep a signed copy for my records

If uncertain, I have consulted with an attorney

RED FLAGS - Do NOT Sign If:

You're being pressured to sign immediately

Terms are vague or confusing

It contains blank spaces to be "filled in later"

It contradicts what was verbally promised

You're asked to sign without reading

Legal Disclaimer: This checklist is for educational purposes only and does not constitute legal advice. For important contracts (real estate, business, employment), always consult an attorney before signing.