I like to think that my recommendations regarding contract drafting fly under the radar—that most people who read an MSCD-compliant contract won’t find anything disconcertingly unfamiliar about it. But corporate resolutions are a different matter. (By corporate resolutions, I mean the resolutions that the governing body of a legal entity adopts to memorialize its decisions.) When it comes to drafting … Read More
Now that the holidays have come and gone, allow me to take the liberty of reminding you that my two seminars with West Legalworks are fast approaching. The seminars are entitled Contract Drafting—Language and Layout and address topics I discuss in MSCD. I’ll be in New York on February 7th and in Atlanta on March 7th. For more information, go … Read More
I’ve never been fond of the phrase execute and deliver, so this weekend I took the opportunity to revisit it. My conclusions are modest enough. Here they are, in case anyone’s interested. This phrase execute and deliver (and its counterpart execution and delivery) is a standard feature of English-language contracts. As in the following obligation: The Borrower shall from time … Read More
One of the joys of being a contract-drafting guy is that I don’t have to dwell on the mess that results when courts have to make sense out of contract language that’s unclear. Instead, I focus on how to avoid such problems. But it’s a good idea to look at case law every so often, if only to remind yourself … Read More
Today’s topic is warrants. By warrant, I mean an instrument granting the holder a long-term option to buy shares at a fixed price. (I discuss elsewhere the unrelated verb to warrant and noun warranty.) A warrant is an intangible right, but it’s evidenced by a document. Many drafters don’t bother distinguishing between the two, in that they refer to exercise … Read More
If you can’t get enough of the contract dispute between Rogers Communications Inc. and Aliant Inc.—the one about the comma—you should check out this article in today’s Globe and Mail. (And see here and here for my previous posts on the subject.) This article notes that the dispute has “ignited an international debate over the importance of language.” It suggests … Read More
If you roam the law blogosphere, the odds are that you know of Dennis Kennedy, a computer lawyer and legal technology consultant based in St. Louis, Missouri. Yesterday he announced on his blog the 2006 Blawggies, his “personal and highly opinionated” selection of the best law-related blogs. In explaining his choices, Dennis says, “In general, I like to see in … Read More
From Imke Ratschko’s useful New York Small Business Law blog I learned about an article in Legal Technology entitled Looking Outside the Firm for On-Point Work Product. It’s by Justin Hectus, Director of Information at Keesal, Young & Logan, a 75-lawyer California law firm. In this article, the author discusses the value of retrieving, and using as forms, contracts that … Read More
For a couple of years now, the phrase at its [or his or her] discretion has been at the back of my mind, and I’ve finally gotten around to giving it some thought. This post addresses use of at its discretion in language of discretion, as in Acme may at its discretion terminate this agreement. (I’ll deal with the other … Read More
I recently posted an item in which I explain why I favor disciplined use of shall, even as some legal-writing commentators recommend discarding it. As I mentioned in that post, usually will and must are offered as alternatives to shall. But I just hear of another suggested alternative: a participant in one of my Geneva seminars told me that he … Read More
