Month: March 2013

Reminder: My April “Drafting Clearer Contracts” Seminars in Europe

My thoughts are turning to my April “Drafting Clearer Contracts” seminars in Geneva, Hamburg, and Copenhagen. There’s still time to sign up. For more information, go here; to register, go here. Each participant is given, at no extra charge, a copy of the third edition of A Manual of Style for Contract Drafting. Why would you want to attend? To … Read More

The Contract-Drafting Error That Gave Tommy Lee Jones an Extra $10 Million

To be filed under “There but for the grace of God go I”: Via @Deadline, I came upon this story in the Hollywood Reporter. Here’s the opening paragraph: A California appeals court has affirmed Paramount’s win in a legal dispute with a Morgan Stanley-backed film-finance entity that alleged it was forced to pick up some of the tab when one of … Read More

“One Year and a Day”

While rooting around on EDGAR, I spotted a kind of provision that uses the phrase “one year and a day.” Here are three examples: Each of Folio and PMI hereby covenants and agrees that it will not institute against, or join or assist any other Person in instituting against, PFL any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other … Read More

Would Contract Drafters Benefit from Using WordRake?

WordRake describes itself as “The first legal editing software for lawyers.” Here’s how it works: Compose in Word, hit the “RAKE” button, and in seconds, WordRake editing software for attorneys suggests edits for a more powerful statement. You’ll instantly see that WordRake law office software saves time and money, and gives you the confidence your brief, contract, or memorandum is … Read More

“Except as Provided Below”

In the dispute addressed in the recent opinion of the Second Circuit in In re Lehman Bros. Holdings (here), the following contract language was at issue: Nothing in this Agreement shall create or be deemed to create any third party beneficiary rights in any Person or entity not a party to this Agreement except as provided below. One of the litigants … Read More

Who’s More More Delusional About Their Writing, Transactional Lawyers or Litigators?

In his recent column in the ABA Journal entitled Why Lawyers Can’t Write, Bryan Garner describes how lawyers generally think they’re great writers yet are in fact depressingly inept. No news there. But what caught my eye was Garner’s suggestion that this delusion “is significantly higher among transactional lawyers than it is among litigators.” He goes on: Transactional lawyers have … Read More

Sidley Newsletter on “Revocable” and “Irrevocable” in License Agreements

I recently noticed a Sidley Austin “practice note” (here) on use of revocable and irrevocable in license agreements. That’s something I hadn’t thought much about previously, so I found it of interest. The main takeaway: Always include either “revocable” or “irrevocable” within the license grant. If any of you licensing types have any observations, I’d be happy to hear them. … Read More