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Improving your ability to redline a contract will save you time, headaches and lead to better results. It will improve your overall ability to draft well, and make your client love you. A redline is one party providing a draft of the proposed contract to the other party for editing. The document is passed back and forth as editing continues. In word processing software, the tool is very useful. Often, non-lawyers will redline the “business terms,” (e.g., term, pricing, service levels, etc.) and have the company’s attorney redline the “legal terms” (e.g., indemnification, liability, remedies.) In-house attorneys often are involved in all parts of the contract.
Here are four keys to a good redline: Make the deal, don’t break the deal Always remember that your job is to help your client draft an agreement that makes him money, not to sink the deal with your or by being a “tough” attorney. If you blow up the deal without a very, very good reason, you deserve to lose your client, or maybe your in-house job. Redline only what matters Just because a term seems at first glance to be in need of improvement doesn’t mean you should redline it.
Frankly, most contracts are very poorly written. But a redline may not be the best time to fix that, as it can slow the process to a crawl. Also, don’t worry about the other party’s edits if they are, upon reflection, unimportant. Focus on terms that are flat-out unacceptable, or unclear in their meaning. Barnstead Maxq 5000 Manual Lymphatic Drainage. Bamboo The Gift Of The Gods Pdf Merge. Be considerate, and communicate generously Consider the reaction your redline will create. For example, you’ll draw the other side’s ire if you delete large portions of the agreement without at least providing a comment explaining why you did it.
A quick may be very helpful to avoid confusion, or worse, hard feelings. Take a second (or third) look Slow down, re-read the contract, and yes, stress yourself out about getting it just right.