What does Redline mean in legal terms?

What does Redline mean in legal terms?

Redlining is the process of editing a contract when two or more parties are negotiating or working together. The goal is to produce a single document that satisfies all parties. The term redlining comes from the original, physical method of editing contracts, which involved printed papers and red pens.

How do you redline a legal document?

The easiest way of redlining a contract is by use of contract drafting and management software. Most of the software can allow you to use other colors for redlining if you are not comfortable with color red. The software in this case works by underlining the added terms and striking through the deleted terms.

How do you respond to redlines?

Your comments should include any information that would assist the other side in understanding the “why” of your redlines. Explain why you made those changes or why you’re not willing (or unable) to accept their language as-is. Give examples and share references where helpful.

What is the difference between a Redline and Blackline?

Blacklining and redlining mean the same thing! The only difference between these two terms is whether the contract is the original document with the red marks, or the copied version printed out from a copy machine, which made the red marks turn black, hence the term “blackline.”

What is redlining in a document?

Redlining is the process of tracking changes between document drafts. The name derives from those familiar red lines word processing programs add under text when they track changes. Appropriate redlining is essential to reaching a successful final document.

Where did the term redline come from?

The term “redlining” was coined by sociologist John McKnight in the 1960s and derives from how the federal government and lenders would literally draw a red line on a map around the neighborhoods they would not invest in based on demographics alone. Black inner-city neighborhoods were most likely to be redlined.

What are red line edits?

What is redlining? When you track changes in a Microsoft Word document, a redline will appear under the text that you have made the change too. This is called redlining.

What does Black lined mean?

blackline (plural blacklines) A document indicating the differences between two versions of another document.

Which of the following is an example of redlining?

Examples of redlining can be found in a variety of financial services, including not only mortgages but also student loans, credit cards, and insurance. Although the Community Reinvestment Act was passed in 1977 to help prevent redlining, critics say discrimination continues to occur.

What was the purpose of redlining?

The original purpose of redlining was to prevent further financial disaster in the wake of the Great Depression. Federal lenders wanted to create stability in the housing market, so they blocked off certain neighborhoods where borrowers were supposedly more likely to default on their loans.

How do you run a redline?

In the toolbar at the top of the screen, click the “Review” tab. This tab contains tools to help with spell checking and editing, including the “Track Changes” feature. Click the “Track Changes” button to enable Track Changes. This feature places a red line in the margins next to any edited text.

How does redlining work in Word?

What is a redlined document?

Redlining is the process of tracking changes between document drafts. The name derives from those familiar red lines word processing programs add under text when they track changes. Appropriate redlining is essential to reaching a successful final document. Here are tips to help you redline documents right.

What is a Blackline in law?

The legal blackline option compares two documents and displays only what changed between them. The documents that are being compared are not changed. The legal blackline comparison is displayed by default in a new third document.

What is the purpose of redlining?

Which of the following best defines redlining?

Redlining is a discriminatory practice that puts services (financial and otherwise) out of reach for residents of certain areas based on race or ethnicity.

What are 3 long term effects of redlining?

Redlining impacts are long-term and wide-ranging These impacts, which continue today, include the health of residents, crime, income, environmental quality, and economic opportunity, with tracts originally graded ‘A’ having significantly better outcomes, and tracts graded ‘D’ having significantly worse outcomes.

What is redlining in PDF?

The redlining process involves editing the draft document’s language to create a contract that satisfies all involved parties and is legally compliant. Before computers, this process was slow and used a lot of red ink — hence the name “redlining.”