A Checklist outlining what counsel should consider when drafting or reviewing the standard elements of a commercial agreement, including contracting parties, scope of the agreement, obligations of the parties, payment terms, pricing, term and termination, provisions addressing risk and liability (representations and warranties, indemnification, limitations on liability, insurance, and force majeure), safeguarding corporate assets (especially intellectual property and confidential information), dispute resolution mechanisms, and miscellaneous and boilerplate provisions. This Checklist focuses on the provisions that are generally included in contracts for the supply of goods or services but may be applicable to many types of commercial agreements.