What a contract review covers.
When we review a contract, we assess every clause that carries commercial or legal risk, and report back in plain language on what to change. The clauses we scrutinise most closely include:
Limitation of liability
Is your liability capped, and at a sensible level? An uncapped or badly drafted liability clause is the single most dangerous term in most agreements, and the first thing we check.
Indemnity
Which way does the indemnity run, and how wide is it? A one-sided indemnity can make you liable for the other party’s mistakes. We flag it and tell you how to narrow it.
Payment terms
Are the amounts, due dates, and late-payment consequences clear and fair? Weak payment terms are where providers lose money, and where a non-payment dispute begins.
Intellectual property
Does the IP clause assign ownership correctly? For anyone commissioning or delivering creative or technical work, an IP clause that fails to transfer ownership is a landmine, often discovered during due diligence.
Termination and exit
Can you get out, on what notice, and at what cost? We check for lock-ins, one-sided termination rights, and auto-renewal traps.
Confidentiality and non-compete
Are the restrictions reasonable and enforceable? In India, a post-employment non-compete is generally void under Section 27 of the Indian Contract Act, so we flag unenforceable or overreaching restraints.
Scope and obligations
Is it clear exactly what each side must do? A vague scope invites scope creep and disputes; we identify ambiguity before it costs you.
Dispute resolution and jurisdiction
If a dispute arises, where and how is it resolved? We check the arbitration, governing-law, and jurisdiction clauses so you are not forced to litigate on unfavourable ground.