**What are the key components that should be included in a well-drafted contract to ensure clarity and enforceability?
What steps should be taken during the review process to ensure compliance with applicable laws and regulations, including industry-specific standards?
How should confidential information be protected in a contract, and what clauses are necessary to ensure confidentiality is maintained?
What are the best practices for incorporating terms related to dispute resolution, such as mediation or arbitration, into a contract?
How can potential ambiguities in contract language be identified and resolved during the drafting process to prevent future disputes?
What are the essential elements that must be included in a legally binding contract, and how do they impact the enforceability of the agreement?