Last week I started three series of my online course Drafting Clearer Contracts: Masterclass for an Asian company with global operations. In the first session of Masterclass we discuss the front and back of the contract, just to get everyone used to comparing dysfunctional traditional contract language and the clearer alternative. I flashed on the screen a slide containing one … Read More
Last week I oversaw session 8—the final session—of the series of Drafting Clearer Contracts: Masterclass intended for the UK and Ireland. A couple of days later most of the group then gathered for a celebratory Zoom session—a nice idea. That’s when I took the screenshot above. No More Series Limited by Country I don’t think I’ll do another “UK & … Read More
Remember the 2002 movie Minority Report? Here’s how Wikipedia describes the premise: In April 2054 Washington, DC’s prototype “PreCrime” police department prevents murders, via three clairvoyant humans (“Precogs”) attached to a computer, who have an innate ability to “previsualize” crimes of extreme emotion and violence, before the offending suspect even begins the fatal deed. Well, you can participate in an … Read More
As I was driving in my car yesterday, the Bruce Springsteen song “Streets of Philadelphia” came on. The second line of the lyrics caught my attention: “I was unrecognizable to myself.” It wasn’t because of the imagery or anything hifalutin like that. Instead, I noted that use of the adjective unrecognizable was an interesting choice. For most utterances, you could … Read More
Revisiting this 2014 post on reading a contract reminded me of an aspect of reviewing contracts that perhaps doesn’t get the attention it deserves: factoring in the default rules. If your understanding of a transaction is limited to what’s in the contract, you might be putting yourself at a disadvantage—you might be unaware of default rules that would apply in … Read More
"Crap! We added 'pandemic' to our force majeure provisions, but no one told us to add 'Arctic outbreak' or whatever the freak you call this!" Drafters are always refighting the last FM war. Instead, play a long game and lose the parade of horribles. See https://t.co/lLkFG3UM0p https://t.co/z9T1THoHJ8 — Ken Adams (@AdamsDrafting) February 20, 2021 That’s it. That’s the post.
Finally, I’ve created three new series of Drafting Clearer Contracts: Masterclass, my course built around eight live hour-long sessions held once a week and supplemented by reading and quizzes: Masterclass (12), starting Monday, 5 April 2021, at 11 am Eastern Time (US and Canada) Masterclass (13), starting Thursday, 3 June 2021, at 11 am Eastern Time (US and Canada) Masterclass … Read More
No, you’re not dreaming! I’ve done a video critiquing a random couple of sentences plucked from EDGAR that deal with jurisdiction stuff. Well, OK, it might not be quite that compelling. But here’s what it does have going for it: it’s clear from the data that you people would rather pluck your eyeballs from your head than watch anything longer … Read More
Starting in 2018, when I joined LegalSifter as a consultant, I’ve helped design the specifications for our “Sifters”—algorithms intended to spot a given issue expressed in contracts. Although I’m now LegalSifter’s chief content officer and have an array of responsibilities to match, I still create sifter specs. It’s work that’s conducive to humility, for reasons I’ll now explain. This post … Read More
Yesterday I found this on EDGAR: It’s commonplace for contracts to contain instances of notice in writing or written notice and the like even though the notices provision says that all notices must be in writing. Whoever created the highlighted language was aware of that but decided that instead of, or in addition to, encouraging drafters to use search-and-replace to … Read More
