# Contract Review

> Contract types, key clauses (indemnification, liability, termination), redlining, and negotiation strategy

- Skill: `cosmicstack-labs/contract-review` (Agent Skill)
- Install (CLI): `npx skillmds@latest add cosmicstack-labs/contract-review`
- Raw SKILL.md: https://api.skillmd.com/api/skills/cosmicstack-labs/contract-review/raw
- Safety review: pending
- Works with: Claude Code, Claude.ai, OpenAI Codex
- Category: Coding & Dev Tools
- Author: cosmicstack-labs (https://skillmd.com/u/cosmicstack-labs)
- Updated: 2026-09-17
- Page: https://skillmd.com/skills/cosmicstack-labs/contract-review

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# Contract Review

Review and negotiate contracts effectively.

## Key Clauses to Watch

### Liability & Indemnification
- **Limitation of Liability**: Cap at contract value (not revenue)
- **Indemnification**: Who pays if something goes wrong
- **Mutuality**: Both sides should have same protections
- **Exclusions**: What's NOT limited (IP infringement, death/injury)

### Termination
- **For cause**: Breach + cure period (30 days standard)
- **For convenience**: Without cause, 30-90 days notice
- **Termination fee**: Breakage costs if early termination
- **Survival**: Which clauses survive termination (confidentiality, IP)

### IP Ownership
- **Work for hire**: Company owns deliverables
- **Pre-existing IP**: Clearly listed and excluded
- **License grant**: What rights does each party get?
- **Improvements**: Who owns modifications to pre-existing IP?

## Contract Types

| Type | Use | Key Terms |
|------|-----|-----------|
| MSA | Ongoing services | Scope, pricing, liability |
| SOW | Specific projects | Deliverables, timeline, acceptance |
| NDA | Confidential information | Definition, term, exclusions |
| SaaS | Software access | SLA, data, uptime |
| Contractor | Services | IP, independence, termination |

## Redlining Best Practices
- Start with friendly language, escalate if needed
- Explain WHY you want each change
- Focus on high-risk clauses first
- Get everything in writing (email is sufficient)
- Know your walk-away points before negotiating