A couple of months ago, reader Kent asked me what I thought about using parentheses in contracts. Here, belatedly, is my answer: In regular prose, parentheses (namely round brackets, like those enclosing these words) are used to offset text that constitutes an explanation or aside. The limited and stylized prose of contracts is generally not the place for explanations and … Read More
Reader David recently posed the following question: I have a question for you that has bugged me for several years. From time to time, my company shares company-related information with a third party and, before doing so, enters into a confidentiality agreement (CA) [also known as a nondisclosure agreement—KAA] with the third party. Our CA has a term of five … Read More
Reader Steven Sholk sent me a case today. I found it of interest, but not for the reason he anticipated. What caught my eye was the phrase during continuance of this agreement. A search of the SEC’s EDGAR database showed that it’s not a complete rarity: it occurs in about 200 contracts filed in the past year. Here’s what Garner’s … Read More
Reader Larry Bell pointed out to me that the April 2008 issue of Corporate Counsel’s Quarterly contains an article by the publisher’s editorial staff entitled “Best Efforts Clauses.” I’m afraid that I can’t provide a link, as I have only a hard copy. When it comes to guidance on drafting usages, I’m not particularly a fan of big-is-better, and this … Read More
I recently posted this item discussing Lexicon, a tool for organizing and checking defined terms. Lexicon’s website contains a page discussing “The Seven Deadly Sins of Defined Terms.” Among the sins described is the following: Overlapping Definitions–When one Defined Term is contained within another, confusion can arise. For example, if (1) “Company,” (2) “Company Promissory Note,” (3) “Guarantee,” and (4) … Read More
It’s that time again: I’m looking for a company that would be interested in taking part in a contract-redrafting project with my class at the University of Pennsylvania Law School. The idea is that I’ll select one contract out of those submitted by June 15. In the fall 2008 semester my class will redraft all or part of it, and … Read More
Considering having me do an in-house seminar but want to know more? Then I suggest you might want to have me give you and any other decisionmaker at your organization a run-through of whichever of my seminars interests you, “Contract Drafting—Language and Layout” or “The Structure of M&A Contracts.” We’d use GoToMeeting or WebEx so that you could see my … Read More
A few books on contract drafting have been published in the last couple of years: Butt, Peter & Castle, Richard, Modern Legal Drafting: A Guide to Using Clearer Language (2d ed. 2006). Darmstadter, Howard, Hereof, Thereof, and Everywhereof (2d ed. 2008). Haggard, Thomas R., and Kuney, George W., Legal Drafting in a Nutshell (3d ed. 2007). Kuney, George W., The … Read More
In case you’re interested, here’s the latest on MSCD2: I wasn’t satisfied with the design of MSCD, so I was ready for a fight over the design of MSCD2. But I’ve just seen some sample pages, and they look great. I’m already looking forward to seeing the finished product. I’m currently working on the last item that I have yet … Read More
The site was offline for most of yesterday due to high drama involving my server. Sorry about that; it shouldn’t happen again.
