Redlining a contract is the process of editing the language or clauses of an agreement during contract negotiation to reflect the goals of each transacting party. And without the right tools, it can be painful. Since redlining is one of the most critical steps in the contract management process, it’s important that it is as seamless as possible.
Google Docs is more collaborative and redline-friendly than Word and PDF contracts. It has all the functionality of Microsoft Word and the added benefit of being cloud-based rather than on-premises.
Google Docs is a dynamic, cloud-based word-processing tool available as part of Google’s suite of products. This makes it accessible to teams everywhere and doesn’t require specialized knowledge to operate.
Like Word, Google Docs allows you to make in-line edits and track changes all in one place. Unlike Word, however, Google Docs allows multiple people to edit at the same time while still keeping track of who made what changes.
It also comes built-in with functionality that allows you to view the contract’s edit history over the course of the contract’s lifetime. Plus, since Google Docs is cloud-based, there is no need to download software, and the changes are updated in real-time.
For the sake of transparency, it’s best to redline a contract in Google Docs using “Suggesting” mode, which allows edits to be proposed as suggestions. This functions much like the “track changes” function in Word and allows editors to suggest line edits and make comments where necessary.
Redline your contract in Google Docs using the following steps:
Google Docs is an excellent tool for redlining contracts. But because different versions of an agreement can easily get lost in the belly of G-Suite, an end-to-end CLM tool that integrates with your redlining tools is your best bet. Request a demo of LinkSquares today.