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Every day of the year buyers and sellers enter into millions of contracts covering the purchase and sale of billions of dollars worth of goods and services. Each one of these transactions requires each party to analyze the governing agreement to assess whether the agreement fits within its risk profile.
This analysis commonly is performed in one of two ways: (1) the party accepts whatever risk may be in the contract with no real analysis, or (2) a legal expert conducts an unstructured review and issues his or her opinion regarding the agreement. Continue Reading Can contract analysis operate like a utility? (225)