What Is An Agreement Checklist?
An agreement checklist is a step-by-step list that serves as a guide on the contract's key parts before finalizing the full details. One of its purposes is to help reduce the chance of having miscommunication and sets the expectation for both parties. It is also important for your business agreement transaction for it removes vagueness and directly points on the terms that you want to include in your contract.
How To Create Agreement Checklist
Since there are many types of contracts, an agreement checklist becomes even more important. Sometimes people don't usually recognize that a warranty, consulting agreements, or a bill of sale are also types of contracts. That is why, if you intend to use an agreement checklist on your business, make sure to check on our templates above. Below this, we also provided steps on how you can start having one.
1. Elaborate The Details
Same as a contract, an agreement checklist also provides specific terms and condition. An agreement checklist should contain these necessary items: the offer, parties that are involved, mutuality of obligation, mutuality of agreement and valuable consideration. Just make sure that you outline the necessary information or terms that you want to include in your sample checklist.
2. Keep It Straight
Avoid the risk miscommunication as much as possible. When you write your contract checklist, make sure that you will keep a straight-on-point tone. Create a short yet clear paragraph. You can also make use of bullets or numbers if you need to.
3. Set Liability Limitations
This part is very vital in your agreement checklist. You need to include having a statement or term of who is accountable for any trouble during the course of the simple contract. Make sure that both parties are aware of the consequences and responsibilities that they could possibly face when they breach the agreement. This is could be also used as a legal defense when legal liabilities arise.
4. Add Timeline
You need to also include having a specific timeframe for the completion of your specified agreement. Make sure that you include relevant quantities, dates and/or prices. Also, ensure that the dates should include a start and end, as well as a term. Prevent delays as much as possible. For your timeline, make use of a Gantt Chart.
5. Provide Signatories
An agreement checklist is considered as a legal document. Leave an ample space below your checklist for the parties to sign their names. Doing this can set the legitimacy and legality of your agreement.
6. Consult Legal Experts
To avoid legal yourself from any legal liabilities. It would be best for you if you seek legal assistance from your lawyer. Lawyers can help you build an effective and efficient agreement checklist. Additionally, they also can give you a guide on how to handle a situation where an agreement could be breached.
7. Plot Your Checklist
If your agreement checklist is ready, make sure that you will find a tool where you can layout your list. Again, we provided above a list of agreement checklist templates that is ready for you to use. The templates above are also available in a different editing format that would best fit your preference.