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Creating a Contract Playbook Checklist

by Practical Law Commercial Transactions

Maintained | USA (National/Federal)

A Checklist that guides in-house counsel and contract negotiators in the creation of a contract playbook. It covers essential tasks and concepts, including establishing justification, communicating benefits, and coordinating internal resources. The Checklist emphasizes designing the playbook to align with business and legal strategies, distinguishing business issues from legal ones, and considering different versions for various teams. It outlines the contracting process, reviewing templates, and evaluating clauses. Additionally, it addresses preparing for negotiation, launching the playbook online, conducting training, and maintaining the playbook for continuous improvement. Finally, it suggests methods for analyzing the playbook's impact and usage to enhance risk management and contract negotiation practices.

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