Contingency Scope
Defines which terms or the entire agreement require attorney approval, limiting ambiguity and focusing review on specific legal risks or sections.
Including an attorney-approval contingency preserves each party’s right to have counsel identify legal risks, negotiate modifications, and confirm enforceability before obligations begin. It reduces the risk of inadvertent acceptance of unfavorable terms and provides a clear procedural pause for review without irreversibly triggering remedies or performance obligations.
Typical users include buyers, sellers, corporate contracting teams, settlement parties, and outside counsel who require a formal review window before obligations become binding.
Defines which terms or the entire agreement require attorney approval, limiting ambiguity and focusing review on specific legal risks or sections.
Specifies the review window in clear business days and the effect if the deadline passes, avoiding open-ended approvals that delay performance.
Identifies who may give approval (named counsel, a law firm partner, or an in-house attorney) and whether approval may be delegated.
States whether approval must be in writing, via signed acknowledgement, email from counsel, or an e-signed document, and whether electronic signatures are acceptable.
Explains whether the agreement terminates, the parties may renegotiate, or the contingency is waived if counsel fails to respond.
Lists exhibits, disclosures, or legal opinions counsel may require to complete approval, such as title reports or statutory compliance confirmations.
| Field | Configuration |
|---|---|
| Approval Signature | Require signature field for counsel with date stamp |
| Approval Deadline Field | Set auto-reminder and calendar alert |
| Scope Selector | Conditional checkboxes for clauses under review |
| Document Attachments | Lock exhibits until counsel signs |
Use an eSignature platform that supports conditional fields, audit trails, and compliant signer authentication for counsel approvals.
Commonly 3–10 business days; set exact days
Date or event when contingency lapses or is waived
Specify shorter window for subsequent approvals, e.g., 2 business days
Preserve or adjust closing relative to approval date
Method and timeframe for declaring nonapproval
| Criteria | Attorney-Approval Clause | Inspection/Finance Contingency |
|---|---|---|
| Primary Purpose | legal review | physical or financing condition |
| Typical Deadline | short business window | longer, event-driven |
| Who Approves | counsel only | buyer or lender |
| Result if Not Met | renegotiate/terminate | terminate without penalty |
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | Yes, 7-day trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | Varies |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | Varies | Varies |