![]() These templates allow you to customize your contracts on the front end instead of facing significant redline revisions down the road. įor agreements you send out frequently, you can create workflow templates with Ironclad Workflow Designer. You can use the word processor with which you’re comfortable without worrying about incompatible systems. The cloud-based solution is DOCX-native and supports both Microsoft Word and in-browser editing. If you want to improve your redlining workflows, Ironclad Editor can help. The right tool will track the changes automatically until the document is approved, giving you a clear view of what changes were made, by whom, and when. With a cloud-based collaboration and negotiation tool, you can also neatly track document changes. The document is stored in a central location, which neatly avoids the problems of incompatible file formats and platforms. By using a cloud-based redlining editor, everyone involved can look at the contract at any time to edit it or approve or deny changes. While that’s not always possible in person, it can be easily accomplished through digital contracting. The easiest way to redline a document is for both parties to work on it together. Giving them the right tools can help streamline the contract workflow and significantly reduce the time spent on redlining. Your legal team needs to track each of these changes and work with clients and vendors to come to a satisfying agreement. These issues are problematic, but they can be resolved by using the right tool for the job.ĭepending on your business, contract redlining can involve dozens of revisions. That dramatically slows down the contract finalization process. Slow return time: Depending on how you’re sending your drafts, you may not get the redlined document back for days or weeks. That can break your contract’s formatting or even corrupt it entirely. Incompatible file types: There are so many different versions of Microsoft Word that you can quickly run into incompatible file types when you try to edit documents with other people. That forces you to spend extra time returning it to your preferred appearance. If either party forgets to track their changes, errors can slip through the cracks.īroken formats: When too many people make changes to a document over time, you may find that the formatting is broken. A few problems you can run into during redlining include:Ĭonfusing changes: If you redline your agreements through a traditional word processor, it can quickly become difficult to spot differences and read the resulting text. With the wrong tool, redlining can quickly lead to a mess instead of a cohesive agreement. Redlining is helpful, but it can still have its challenges. That can help you speed up your contract negotiation process by days or even weeks. Your legal team doesn’t need to worry about sending physical copies back and forth to manage version control. With a cloud-based contract management solution like Ironclad, you can redline contracts in real time. ![]() ![]() A clean document was then produced to become the final agreement. Eventually, everyone would agree on one version of the contract. The red ink made it easy for everyone to see the exact changes that were made. ![]() This document would then go to the next editor, who would do the same thing. One party would take the document and cross out words and add edits in red ink. The term redlining comes from the original, physical method of editing contracts, which involved printed papers and red pens. The goal is to produce a single document that satisfies all parties. Redlining is the process of editing a contract when two or more parties are negotiating or working together. ![]()
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