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Sample answer:
This has never happened because we always have our contracts reviewed by our lawyers. The
staff, which is involved in the project, is involved in reviewing the contract.

1. Assign the task of contract preparation to one of your staff. Review the steps
below.

a. Get specific requests of both companies.
b. Base contract draft on requests
c. Have both companies review the draft
d. Submit the draft to the company lawyer

Sample answer:
I heard that you will be handling the preparations for this important contract. Since this is your
first time to handle this job, I want to give you the steps that you have to take to finish this
task. First, you should write to our partner company and the head of our project department
to ask about specific demands and policies that they want to include in the contract. Once you
have these, you can refer to our template and archives in preparing for the contract. Your draft
should be reviewed by our company and our partner company. When both companies have
given their approval, we then submit the contract draft to our lawyer for final review. Is the
process clear to you? Do you have any questions? If there’s none, then I wish you good luck.

2. You have reviewed the contract draft of a deal you are about to close. You
noticed that some agreed-upon changes are not included in the draft. Re-
quest that the following steps be done.

a. Change the stated price due to an approved 8% discount
b. Change delivery period from 5 to 3 days
c. Change penalty from 5% to 3%

Sample answer:
I heard that you’re the one in charge of preparing the contract. I hope you’ll have some parts
reviewed carefully once more because I spotted some inaccuracies. Perhaps these were over-
looked because you can consider them as last minute changes in the agreement. For example,
we were granted an 8% discount, so this price off should be reflected in the price stated in
the contract. In addition to that, both parties have agreed to shorten the delivery period from
five to three days. Please make the necessary changes in the contract draft. The last item that
should be corrected is the one about penalty. The penalty has been decreased from 5% to 3%.
Please verify all these changes with our client. In the meantime, I hope you can start modifying
the contract. Thanks for your time!

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