Redlining of Documents
The editing process that occurs in contracts when two (or more) parties are involved in the contract negotiating phase is referred to as redlining.
Contract redlining occurs during these periods of negotiation or when a party is amending a contract to show the other party exactly where and how they made changes.
It refers to the collaborative editing of text or modifications in a contract. As previously said, it frequently occurs during the contract negotiation process, when each party is striving to construct a finalized contract that has all of the terms and provisions with which both parties are satisfied.
How the Contract Redlining Process Works?
Multiple parties, revisions, and versions are involved in redlining. Software such as Microsoft Word is a popular choice but the most common method of redlining is to use two side-by-side versions of the same contract. One is the original, while the other is the redlined altered version. After that, the parties work on the revised version in order to produce a clean, final copy.
What we do?
The contract redline process requires analyses of whether the contract is enforceable and revise any clauses that are not legally viable. We can guide you through the redlining process, helping you alter terms to benefit or reduce risk to your company, and tracking/highlighting edited terms from the opposite side for a more efficient review process.
Why choose Wissen Research?
More than 8 plus years of experience in legal industry.
We ensure you in best track formatting changes.
Make use of software that allows proper version control.
Before sending a revision, we make sure to remove any sensitive information.
Effectively and efficiently communicate contract redlines and negotiations.
We use efficient connected tools, which means fewer errors and a shorter time to signature.
We enable for the parties involved to complete their contracts in a timely and effective manner.