More Fun with Language of Discretion—”Party X Hereby Grants Party Y the Right to [Verb]”
Yesterday was devoted to grading assignments submitted by students in my Penn Law contract-drafting course. One of them unintentionally made me aware of the formula Party X hereby grants Party Y the right to [verb]. It’s language of performance functioning as language of discretion. If a contract contains the provision Acme may sell the Assets, it’s appropriate for the reader … Read More