What is the difference between drafting & Reviewing a Contract?

What is the difference between drafting & Reviewing a Contract?
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Understanding the difference between drafting and reviewing a contract is crucial in legal contexts. This comprehensive video clarifies the disparities between these two processes and provides valuable insights into each. It explains that drafting a contract involves creating an initial agreement from scratch, considering the needs and objectives of the parties involved. The video further emphasizes the importance of clear and precise language, accurate representation of the intended agreement, and compliance with relevant legal requirements. On the other hand, reviewing a contract focuses on analyzing an existing contract, identifying potential issues, and suggesting revisions to ensure clarity, fairness, and legal compliance. By comprehending these distinctions, individuals can navigate the contract lifecycle more effectively, whether they are initiating new agreements or assessing and negotiating existing ones.
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