Legal Contract Risk Checklist
324+ comprehensive questions to identify risks in supplier contracts, NDAs, service agreements, and other legal documents.
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About This Legal Contract Risk Checklist
This comprehensive contract risk assessment checklist contains 324+ carefully curated questions designed to help legal professionals, procurement teams, and business managers identify potential risks in legal contracts. The questions cover 15 major categories including:
- Legal Framework: Governing law, mandatory laws, regulatory compliance, and document hierarchy
- Validity & Formation: Contract formation, signatory authority, voidability, and severability
- Scope & Obligations: Deliverables, acceptance criteria, deadlines, dependencies, and documentation
- Pricing & Payment: Pricing structure, payment terms, invoicing, guarantees, and cost controls
- Liability & Risk: Liability caps, exclusions, indemnities, insurance, and damages
- Data Protection: Personal data processing, GDPR compliance, confidentiality, and security
- Performance & SLA: KPIs, SLAs, monitoring, reporting, and remedies
- Termination: Termination rights, notice periods, exit management, and survival clauses
- Decision Rights: Governance structure, approvals, veto rights, and escalation
- Change Management: Change process, approvals, costs, and documentation
- Dispute Resolution: Dispute mechanisms, arbitration, jurisdiction, and enforcement
- Edge Cases: Force majeure, assignment, subcontracting, and waivers
- Meta Analysis: Assumptions, operational risks, worst-case scenarios, and tracking
- Subcontracting & Third-Party Risk: Subcontractor management, liability, compliance, and exit
- Placeholders & Deferred Terms: Undefined terms, TBD clauses, resolution process
How to Use This Checklist
Review each category relevant to your contract type. For supplier agreements, pay special attention to liability, payment terms, and service level agreements. For NDAs, focus on confidentiality scope, exceptions, and term duration. For service contracts, examine scope definitions, change management, and termination provisions.
Why Contract Risk Assessment Matters
Thorough contract review helps organizations avoid costly disputes, ensure compliance with regulations like GDPR, protect intellectual property rights, and establish clear expectations with business partners. Our checklist is based on industry best practices and covers risks commonly found in B2B contracts.
Related Help Resources
- Contract Analysis Help Center - Complete guide to using the analysis tool
- Understanding Risk Levels - What Low, Medium, High, and Critical mean
- Getting Started Guide - How to upload and analyze your first contract
- Troubleshooting - Common issues and solutions