Draft and clause review

Step by step

1. Register counterparty Contract Manager

   Contract Manager selects the legal entity and checks its registered name before the agreement is drafted.

   • Connect the correct legal entity to the agreement.
   • Updates Counterparties, Contracts

2. Prepare draft Contract Manager

   Contract Manager chooses the template, assigns an owner and enters the contract type, value and dates.

   • Establish owner, terms and Draft status.
   • Updates Contract templates, Contracts

3. Review clauses Legal Counsel

   Legal Counsel checks the wording applied to the agreement against the clause library source and the intended variant.

   • Compare source wording with contract wording.
   • Updates Clause library, Contract clauses, Contracts

4. Resolve redlines Legal Counsel

   Legal Counsel records a disposition for each proposed change before the draft moves toward approval.

   • Record the outcome of proposed edits.
   • Updates Redlines, Contract clauses, Contracts

Contract Manager

Prepares the record; Legal Counsel checks wording; Sales Manager supplies commercial context; Procurement may coordinate supplier agreements.