Contract Evaluation
/ˈkɒntrækt ˌɛvəˈluːeɪʃən/
Definitions
- (n.) The systematic review and analysis of a contract’s terms, obligations, and legal implications to assess risks and ensure compliance.
The legal team completed the contract evaluation before advising the client to proceed.
Forms
- contract evaluation
- contract evaluations
Related terms
See also
Commentary
Contract evaluation is a key step in contract lifecycle management, often preceding negotiation or execution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.