My thanks go to a Penn Law student who reminded me of the following categories-of-contract-language nuance: Consider this provision: During the Due Diligence Period, Acme may on one or more occasions cause its representatives to inspect and copy any Widget Documents located at Widgetco’s offices, on condition that they do so during Widgetco’s business hours and give Widgetco at least … Read More
For purposes of general writing, it’s best to be wary of using the passive voice. That’s even more the case when it comes to contracts. To quote MSCD 2.17: There are three drawbacks to using the passive voice. First, using the passive voice and including a by-agent unnecessarily adds a couple of extra words. Second, using the passive voice and … Read More
Unsurprisingly, most of Koncision’s confidentiality-agreement template relates to, well, confidentiality. But as with any contract, there’s a fair amount of boilerplate. That makes our template a unique source for state-of-the-art boilerplate: notices provisions, governing-law provisions, forum provisions, arbitration provisions, and so on. So if you subscribe using our upgrade-your-template option (go here [link no longer available] for more on our … Read More
Yesterday I was reminded of a contract-drafting competition for law students. It’s run by the National Academy of Legal Studies and Research in Hyderabad, India, in association with the law firm Ashurst. Go here for some background information, and go here for the fact-pattern and rules. I like the idea of a contract-drafting competition. It would, in a small way, help … Read More
Use of shall in contracts will remain a topic of discussion. Today’s entry is this post on IP Draughts by Mark Anderson. It summarizes the current state of play. And it mentions that I’m in favor of using shall for contract obligations, and only contract obligations. I actually recommend an even narrower use than that—use shall only to impose an … Read More
Do yourselves a favor and strike in no way in favor of does not or will not, as in the following examples: Borrower hereby agrees that this Amendment in no way acts [read does not act] as a release or relinquishment of the Liens and rights securing payments of its Obligations. … and such holding shall in no way [read will not] affect the validity or … Read More
Welcome to The Koncise Drafter’s first-ever caption contest! I thought it high time that I let my readers indulge their sense of humor (or snark)—I invite you to submit in the comments your proposed caption to the following photograph. Allow me to take the first crack, off the top of my head: “Cleary Gottlieb associate responsible for drafting the Google–Motorola … Read More
As I announced in this blog post, we’re now accepting nonlawyers as Koncision customers. But if you’re not a lawyer and you suspect that you’d benefit from a lawyer’s input while completing the questionnaire for our confidentiality-agreement template, here’s how that could be arranged: You could ask your lawyer to complete the questionnaire and generate the output document, for a … Read More
I think of relative value as being a function of cost in relation to benefit. Koncision isn’t giving away the confidentiality-agreement template. To some, that might make Koncision all too conventional an offering. But consider the cost-benefit relationship. Koncision would allow you to quickly create a confidentiality agreement with state-of-the-art substance and unmatched clarity. Furthermore, it would be tailored to … Read More
We’ve made several changes to Koncision. They’re significant enough that we’re describing them, collectively, as “Koncision 2.0”: Anyone may now use Koncision—not just lawyers. We’ve added a new subscription option: for $500, you may use our confidentiality-agreement template for purposes of copying language to update your own Word templates. (We’ve also increased to $100 from $50 the cost of subscribing … Read More
