# Contract Review Fundamentals

Contract review is the bread and butter of legal practice, and it is often the most tedious part. A 60-page master services agreement contains dozens of obligations, deadlines, and risk allocation provisions scattered across nested sections and cross-references. Missing one critical clause can cost a client millions.

AI does not get tired, does not skip pages, and does not miss cross-references. But it also does not understand what matters to your client unless you tell it. This lesson teaches you what to extract and what to flag.

What to Look For: The Contract Review Checklist

Every contract review should extract these elements:

Core Commercial Terms: - Parties and their defined roles - Scope of services or products - Pricing, payment terms, and escalation provisions - Term, renewal, and termination provisions

Risk Allocation: - Indemnification obligations (who indemnifies whom, for what) - Limitation of liability (caps, exclusions of consequential damages) - Insurance requirements - Warranty provisions and disclaimers