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Contract Basics: What to Check First

A checklist of essential clauses before signing a B2B agreement.

Before signing, verify parties are identified correctly: legal name, tax ID or passport data, bank details, and signatory authority.

Review scope, term, payment terms, liability, and termination. Pay attention to penalties — they should be proportionate to the obligation.

For personal data or intellectual property, add dedicated sections or schedules. When in doubt, put verbal agreements in writing.