One of my tasks at LegalSifter is to create help text for Sifters, the algorithms tasked with spotting whether a given issue is addressed in a draft contract submitted to you by a counterparty. … Because this post relates to my work as advisor for LegalSifter, the AI document-review software, I posted it on their blog. Go here to read the rest of … Read More
When it comes to products aimed at the contracts process, the flavor of the month AI. Ever a contrarian, that has been reason enough for me to take a look at what’s new in automated contract creation, with content provided by humanoids. Recently I did this post about HelpSelf Legal. Today’s post is about DraftLens, simply because the co-founders, Steve … Read More
In a basic “further assurances” provision, the parties agree to take care of any paperwork required to complete transaction formalities that haven’t been completed by the time of the closing. The aim is primarily to prevent either party from refusing to sign a document required to transfer assets. That should be unobjectionable, but I see some problems. First, “further assurances” … Read More
Various verbs are used in efforts provisions. MSCD lists make, exercise, exert, expend, undertake, and use. Well, I’ve just spotted another one: exhaust. If you want to know why I bother paying attention to such oddities, stick around to the end of this post. But first, let’s explore exhaust. … Because this post relates to my work as advisor for LegalSifter, the AI document-review … Read More
A couple of days ago I noticed a post on LinkedIn by Ian Heptinstall. In it, he quoted a bit of contracts advice from 1916 and asked readers what they thought of it. Here’s that advice: Our custom here is to draw up a contract before having seen the lawyer and then to ask him to put it in more … Read More
In recent weeks I’ve had occasion to ruminate in public: Here’s my conversation with Casey Flaherty (@DCaseyF), recorded by LegalSifter at the CLOC 2018 Institute: Go here for Christian Lang‘s episode “Voices of CLOC 2018,” on the podcast Blacklines & Billables. (My utterances are at 6:00, 20:00, and 27:51.) And go here for this item by Spend Matters entitled Contract Expert and … Read More
Go here for my first post on LegalSifter’s blog. It’s about the different perspective that’s required when you’re reviewing rather than drafting, and it focuses on a provision you see sometimes in confidentiality agreements.
Consider the following provision, which I encountered by chance: Confidential Information will not include information that the Recipient can reasonably demonstrate … was rightfully known by it or its Affiliates prior to the date it was disclosed by the Discloser. No, we’re not going to get into nuances of confidentiality agreements. Instead, this post is about the notion of a … Read More
I’m delighted that on 16 November 2018 I’ll once again be giving a public “Drafting Clearer Contracts” seminar in Seoul with LAWnB, a Thomson Reuters affiliate. I’ll let you know when information about the seminar is online. Meanwhile, to find out more, contact Hyunmok (Nicole) Cheong, at Hyunmok.Cheong@thomsonreuters.com. To get in the mood, go here for my “Notes from the … Read More
We all like buzzwords, but in this post I return to a concept that might elicit not buzz but chirping crickets: document assembly. Yes, document assembly has been around for a while, and many don’t find it particularly exciting, but document assembly is the only way to scale up quality contract content, so it has always had my attention. Perhaps … Read More
