In short

Two hundred agreements. Three weeks. One question.

Contract due diligence review establishes what a portfolio of agreements obligates a business to do, by reconciling each agreement against its own amendments, exhibits and side letters. This matters in diligence because the terms that change valuation — change-of-control, exclusivity, assignment restrictions, uncapped liability — are frequently located in an attachment rather than the agreement being reviewed.

Where diligence breaks

What gets missed under time pressure

Not through carelessness. Through volume, and through reviewing the document that was easiest to find.

Change-of-control provisions

Buried in an amendment rather than the master. Missing one can materially change what a transaction is worth.

Assignment restrictions

A clause requiring consent to assign, added in a side letter, discovered after signing.

Uncapped liability

A cap that reads as standard in the master was removed by amendment for one counterparty.

Exclusivity

A territorial or category exclusivity granted in an exhibit constrains the combined business post-close.

Most-favoured-nation

MFN pricing in one agreement that repricing elsewhere would trigger.

Termination for convenience

Which counterparties can walk, on what notice, calculated from terms currently in force.

How it changes the work

Reviewer time on judgment, not retrieval

The bottleneck in diligence is rarely legal analysis. It is finding the clause.

Portfolio view first

Every agreement reconciled against its own attachments, with exceptions surfaced before a reviewer opens anything.

Risk categories ranked

Findings grouped by the categories that drive valuation, so the highest-consequence items are read first.

Everything cited

Each finding carries its source clause and document, so a reviewer verifies in seconds rather than searching.

Defensible record

What was reviewed, what was found and who signed off — exportable for the file.

Questions

Common questions

How large a portfolio can this handle?

It runs package by package, so scale is a question of time rather than capability. The reconciliation unit is one agreement plus everything attached to it.

Does this replace outside counsel?

No. It replaces the retrieval work that precedes legal judgment. Counsel still decides what the findings mean — with the relevant clause already in front of them.

What about agreements in poor condition?

Scans, photographs and inconsistent formats are read the same way. Where quality reduces confidence, the finding is flagged for review rather than asserted.

Can we run this on our own contracts before a process starts?

That is often the better use. Knowing what your own package says before a buyer’s counsel does is worth considerably more than discovering it in diligence.

Is the output defensible?

Every finding traces to a specific clause in a specific document, and the review trail records who saw what and when.

Related

Keep reading

Lexara overview

How contract package reconciliation works end to end, and where it sits next to a review tool.

Package reconciliation

The definition, the method, and the discrepancies that only exist between documents.

Security & trust

Encryption, access control, audit trail, and an honest account of what we are certified for.

Before someone else reads your contracts, read them properly.

Send one package. We will show you what a buyer’s counsel would find — free, in one business day.

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