{"componentChunkName":"component---src-templates-blog-post-ts","path":"/2567-2/","result":{"data":{"site":{"siteMetadata":{"title":"Clausehound Blog","author":"Joshua Koudys"}},"markdownRemark":{"id":"e0fa4983-c5cf-5308-b787-015926c4ae4f","excerpt":"Prior to sending your drafted agreement to a counterparty of executing the agreement, it is important to thoroughly review the agreement for both content and…","html":"<p>Prior to sending your drafted agreement to a counterparty of executing the agreement, it is important to thoroughly review the agreement for both content and form. These are some of the key items that a drafter should keep in mind when reviewing an agreement. </p>\n<ol>\n<li>** Is the agreement operational?**</li>\n</ol>\n<p>-Are the clauses of the agreement enforceable according to law?-Are the correct parties included in the agreement?-Do the parties have signing authority?</p>\n<ol>\n<li>Are the goals of the agreement being achieved?</li>\n</ol>\n<p>-is the service/product/good correctly described?-do the numbers line up with what was agreed between the parties?-do the time lines correspond to realistic ability to perform the contract?-is the pricing clear?-does the contract contain a limit or cap on liability exposure under the agreement?-is the ‘business’ properly defined for the purposes of confidentiality, non- solicitation and non-competition purposes?</p>\n<ol>\n<li>Are references throughout the agreement correct?</li>\n</ol>\n<p>Example: The company employment policies as outlined in Schedule “A”.-Is the correct information in the referenced section/schedule?</p>\n<ol>\n<li>Are capitalized terms properly defined?</li>\n<li>Is the correct legislation referenced in the agreement? </li>\n<li>Is the numbering consistent? </li>\n<li>Is all of the ‘boilerplate’ included/applicable?</li>\n<li>Is there a governing law clause?</li>\n<li>Is there a dispute resolution or jurisdiction clause?</li>\n<li>Should time be of the essence in this agreement?</li>\n<li>Can the parties sign in counterparts?</li>\n<li>How is the agreement to be amended?</li>\n<li>Is this the entire agreement or should other documents/schedules also form part of the agreement?</li>\n<li>\n<ol start=\"8\">\n<li>Are all track changes &#x26; comments removed prior to sending to Counterparty?</li>\n</ol>\n</li>\n</ol>","frontmatter":{"title":"Tips on What to Look for When Reviewing a Legal Agreement","date":"March 22, 2017","description":"Prior to sending your drafted agreement to a counterparty of executing the agreement, it is important to thoroughly review the agreement for both content and form. These are some of the key items that...","author":{"id":"mifras@clausehound.com","first":"Mifras","last":null,"bio":null,"image":null},"tags":["mnazeer","Playbooks"]}}},"pageContext":{"slug":"/2567-2/","previous":{"fields":{"slug":"/mapping-to-checklist/"},"frontmatter":{"title":"Mapping to Checklist","tags":["mnazeer","Playbooks"],"author":{"id":"mifras@clausehound.com","first":"Mifras","last":null}}},"next":{"fields":{"slug":"/list-of-what-is-included/"},"frontmatter":{"title":"List of What is Included","tags":["mnazeer","Playbooks"],"author":{"id":"mifras@clausehound.com","first":"Mifras","last":null}}}}}}