Process

Contract Creation Is the Stepchild of the Contracts Process

The legal profession has a love-hate relationship with technology. On the one hand, lawyers are, uh, challenged when it comes to using basic technology. And technology vendors tend to grouse that selling to lawyers is a hassle. On the other hand, the legal profession is prone to spasms of enthusiasm over technology. It periodically throws money at some new technology, … Read More

The Difference Between Simplifying a Contract and Making It Clearer

Recently I posted on LinkedIn two comments (here and here) regarding the distinction between simplifying a contract and making it clearer. In those comments I say that simplification relates to what you say in a contract whereas clarity relates to how you say it. What you say falls on a spectrum between simple and complex; how you say it falls … Read More

“Evolution”? “Revolution”? Whatever, Just Fix Contracts Already

Recently I noticed blog posts written by thoughtful people under the auspices of prominent names. One is The Evolution to Modern Legal, by Jason Barnwell; it’s on the Legal Evolution blog, which is edited by Bill Henderson. The other is is here; the other is We Need a Legal Revolution, Not Reformation, by Leigh Vickery; it’s a guest post on … Read More

In Contract Drafting, It’s Better to Be Right Than Experienced

On occasion, someone who doesn’t agree with me on a given issue will blurt out, “I’ve been doing this for 30 years, and ….” Or if they wish to be more low-key about it, they might simply observe that experienced drafters take a different approach. In some activities, being experienced is a suitable proxy for being good. If I were … Read More

Why Are Templates Bad?

Recently I noticed Mark Anderson’s post entitled Why Do We Tolerate Bad Templates? Spoiler alert: Mark says it’s because people like what they’re used to and because they assume that if they haven’t encountered problems yet they won’t in the future. Bad I’ll now explore the assumption underlying Mark’s post—that many, or most, templates are bad. Is that the case? … Read More

Marking Changes on the Signature Copy of a Contract

The image above is from a hotel agreement I examined as part of my LegalSifter duties. It caused me to wonder how people go about making final changes to the signature copy of a contract. What are the alternatives, apart from marking changes by hand? It’s been forever since I last did a deal, so I have no idea. Specifically, … Read More

After a Certain Point, You Shouldn’t Make Contracts Any Less Complex

Above is my first graph in Word, and it sure looks like it. But rather than spend any more time fiddling with it, I’m going with it as is: it’s adequate to make my simple point. It’s not the case that contract value and contract complexity both start at zero and increase proportionately. Instead, contracts want to default to a … Read More

Should You Include a Duck in Your Draft Contract?

Over dinner recently, a transactional lawyer told me he makes a point of including a duck in each draft he sends to the other side. But he didn’t actually use the word “duck.” That’s my word, thanks to the great Alex Hamilton, who pointed me to this post on the Coding Horror blog, which includes the following definition of duck: … Read More

The Market for Effective Business Contracts

Business contracts are different from consumer contracts. For one thing, business contracts exhibit greater variety than do consumer contracts. But in another respect, business contracts are broadly comparable, regardless of that variety. Allow me to explain. Consumer contracts are geared to the mundane transactions you and I engage in when opening bank accounts, taking out insurance, signing up for online … Read More