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Gatekeeper Contract and Vendor Management Glossary

Search common contracting language and take a deeper dive to discover what each means

Glossary > C

Contract Review

A Contract Review is the process of scrutinising a Contract and its related documents.

It is a chance to check for:

  • Completeness
  • Clarity
  • Correctness
  • Readability
  • Comprehensibility
  • Relevance
  • Fairness
  • Acceptability
  • Flexibility
  • Achievability
  • Logicality 
  • Any other measures necessary to reveal any apparent or hidden Risks.

Prioritising contract reviews is one way businesses can get the most from their renewals.

It allows them to assess current performance, alternatives on the market and inform business decisions such as supplier consolidation.