Contents Chapter 1 Introduction 1 Overview 1 What Is a Contract? 2 Why Are Contracts Important? 4 How Can Contracts Be Improved? 4 Technology 5 Language 5 Internal Review Process 6 Signature Authority 6 Mind-set 6 Chapter 2 Contract Language 9 Introduction 9 Contract-Management Software 10 Integrated Library Systems 13 Common Contract Clauses with Things to Consider 15 Introductory Clause 15 Recitals/Background 16 Term (Duration/Renewal) and Termination 16 Transactions 19