In plain English
It lets people see exactly what changed between one contract draft and the one before it. This contract version makes inserted text, removed text, and other edits visibly marked.
In context
Here, "redline" means the contract version that shows the marked changes from the earlier version for review.
- Situation
- Processing amendments, renewals, extensions, suspension, and termination
- What it communicates
- links to the edit-marked version for review
Meaning limits
The term by itself does not say whether the marked changes are agreed, final, or accepted.
Examples
“At noon, they compared the redline with yesterday's contract draft to see which clauses had been added and which had been removed.”
“Before discussing the revised contract, the committee asked for the redline.”