Best practice rule. Do not use bullet points in contracts.
Bullet points are difficult to address in a conversation. For example, imagine the confusion at the following roundtable discussion: “we disagree with the obligations reflected in bullet point seven and with the fourth sub-bullet point of the second bullet point on page 3. To start with the first…”).
Indentation is only clear to two levels (i.e. bullets and sub bullets).
It is impossible to make a cross-reference to a bullet point.
Nevertheless, if you do use bullet points, use an indentation style consistent with the sections or subsections.