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I'd agree with spindles, John Henry.
For what you describe it sounds like you need a Document management system.
You can revert to old versions and always use them for reference. With it you can also use the many change analysis tools to verify changes between 2 documents.
These are primarily used by law firms. A lot of them are crap.
spindles is also right about sharepoint. It's MS's first real foray into the document management system and although it does more than just that, MS want to get into this highly lucrative area.
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