Template Contract Requisition Form

Dear In-House Counsel:

Save yourself from the back and forth of understanding the proposed terms of engagement with a counterparty by designing a simple contract requisition form/questionnaire that is accessible from your intranet or sent to the business team before a contract is drafted. It gives them an overview of commercial and non-commercial issues they need to have covered.

It is important to constantly discuss your contracting process with the business (new and existing members) and set expectations with them regarding their roles, and what you need from them to make the process as seamless as possible for everyone. It will take teamwork from both legal and the business to make the process work.

A contract requisition form not only makes the job of an in-house counsel seamless, it's also a professional way of getting requisite information.