Here’s how a recent Kirland M&A Update (here; another version is here) begins: Most commercial and corporate contracts provide that the agreement is binding on a party’s “successor and assigns”. This boilerplate clause, coupled with the legal consequences of a stock purchase or merger, covers most corporate transaction scenarios and ensures that the agreement remains with, and binding on, the … Read More
Go here for John Gillies’s review on Slaw of the fourth edition of A Manual of Style for Contract Drafting. John has long been a Canadian ally in the struggle for rational contracts. Now he devotes most of his time to cheerier activities, including making music, but I’m pleased that he remains sufficiently interested in the subject to have done … Read More
The most prevalent defense of traditional contract language is that it has been “tested” by the courts. Heck, I even encountered an ardent proponent of the notion on my recent trip to Saudi Arabia. So I wasn’t surprised to encounter this comment on LinkedIn that endorses the notion. But I was intrigued that the comment was by the general counsel … Read More
Today I noticed this post on LinkedIn by Nir Golan, a legal-tech guy based in Israel. He opens his post by saying “It is time for simple legal docs.” I assume that by “docs,” he primarily means contracts. He also says this: Instead of spending millions of dollars developing tech to help us understand complicated legal docs, why not finally … Read More
