A Contract Due Diligence Checklist is a tool used to help ensure that all the necessary steps have been taken when it comes to entering into a contractual agreement. This list helps make sure that nothing important has been overlooked and prevents any potential misunderstandings or liabilities in the future. It includes aspects such as understanding the legal obligations, researching relevant laws and regulations, verifying ownership and title details, checking for undisclosed debt or claims, and assessing the quality of the performance of the parties involved. By taking the due-diligence process seriously, one can limit their exposure to legal and financial risks associated with contracts.