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Tracking contract negotiations
 

As contracts change during the negotiation process, sometimes you wonder whether the finished contract has much of the original text left. You "redline" or "blackline" the contract and send it to the other party's attorney, it comes back with more changes, and back and forth until everyone is satisfied. How can you keep track of all these changes?

Document comparison and reviewing software has become an essential tool in the contract negotiation process. By using the right tools, you can document every single change, track who made it and when, and effectively review the final contract. You can also make sure to remove all metadata, such as comments, versions, and reviewers' initials.

The following links help you use Microsoft Office System tools to make your contract negotiation process more efficient, while increasing your confidence in the final contract.

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