Legal contract review checklist

Using a checklist helps to ensure that contract reviews, conclusions and recommendations are reported in a consistent manner.  This contract review checklist for use during legal due diligence records the review of contracts provided during the due diligence process.

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When do I use this document?

  • as a template for the review of different types of contract provided during due diligence
  • to help achieve a consistent approach to the contract review and reporting process
  • to enable conclusions and recommendations from contract reviews to be presented in a common format

What are the key features?

  • checklist to be completed by the reviewer of a legal contract
  • introductory section, requiring completion of forms including:
    • name of reviewer
    • purpose of review
    • document name
    • key issues arising
    • recommended action(s)
  • tabular checklist of contract terms to be reviewed and completed by the reviewer, including comments arising

What else do I need to know?

A legal contract review checklist will help achieve a consistent approach to the due diligence review and reporting process. The investor and its advisers may adapt a common document review checklist for use by the reviewers of documents.  The review results and any recommended actions can then be presented in a consistent manner.

Legal due diligence is likely to involve the review of a number of legal agreements or other legal documents relevant to the subject of the transaction.

For an investment transaction, the subject company will have entered into numerous contracts dealing with different topics and activities, including:

  • purchase and sale of goods
  • acquisition of assets
  • provision of services
  • leasing of property and equipment
  • development/licensing of intellectual property
  • loans and other finance
  • employment contracts
  • agreement with the company’s founders and shareholders

When do I use this document?

  • for a company’s statutory registers, also known as statutory books or company books.
  • for a private limited company.
  • for company registers which will be stored electronically.

What are the key features?

  • easy to complete statutory register template.
  • registers of:
    • members (shareholders).
    • share allotments.
    • share transfers.
    • directors.
    • company secretary.
    • directors’ residential addresses.
    • charges.
    • people with significant control (PSC Register).

What else do I need to know?

Companies Act 2006 requires a company to prepare and maintain certain statutory registers, including:

  • a register of directors and secretary and a separate register of directors’ residential addresses.
  • a register of members.
  • a register of charges (if created prior to 6 April 2013).
  • unless exempt, a register of people with significant control (a PSC Register).

These registers, often called the company’s statutory books, must be kept either at the company’s registered office or at another specified address.

Most of these registers can be inspected by the public on payment of a fee. The register of directors’ residential addresses is not available for public inspection.

The registers can be held in electronic form.

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As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Updated by a lawyer on 02/07/2025

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