Code Review is a process where developers examine each other's code to ensure quality and functionality. This practice helps identify bugs, improve code readability, and maintain coding standards. By collaborating and sharing knowledge, team members can learn from one another and enhance their skills. During a Code Review, the reviewer checks for best practices, potential issues, and overall design. Feedback is provided in a constructive manner, allowing the original author to make necessary changes. This not only improves the code but also fosters a culture of teamwork and continuous improvement within the software development process.