A Practical Legal Blog

Category Contract

5 things you need to know about Definitions & Interpretations clause of a contract

After a hiatus, I am back with an article on contract drafting, this time on the topic of the definitions and interpretations clause. Definitions are a ubiquitous part of a contract. Sometimes they appear right at the beginning of the… Continue Reading →

5 things on the introductory clauses of a contract

Many times, we do not focus as much on the introductory clauses of a contract as we should. We think nothing major can happen in these introductory clauses. I am talking of the clauses that precede the core contract terms… Continue Reading →

5 things about Term Sheet, Memorandum of Understanding & Letter of Intent

In this article, let’s understand the concepts of three types of pre-contractual instruments – Term Sheet, Memorandum of Understanding and Letter of Intent and learn how to draft them. Pre-contractual instruments are as vital as the main contracts because they… Continue Reading →

5 things to consider while drafting a Force Majeure clause

Before I delved right into the how’s of the many clauses of a contract, I thought of starting with the one which is on everybody’s mind these days – Force Majeure. Force Majeure, which is usually a boilerplate clause inserted… Continue Reading →

5 components of a Contract Style Guide

In our earlier articles, we have seen 5 points to note before drafting a contract and 5 signs of a well-drafted contract, Continuing therefrom, in today’s article I discuss components of a contract style guide. If you have worked in… Continue Reading →

5 points to note before drafting a contract

Whenever you are given a task to draft a contract, ditch the standard templates available the first time. Create one yourself and compare it with the available template to see how you fared. Yes, it’s extra work, but if you… Continue Reading →

5 signs of a well-drafted contract

Let us spend some time deciphering what makes a contract well-drafted so that you know which skills to learn, unlearn and relearn. Many articles have been written on what makes a contract well-drafted, eg. here and here (the first point… Continue Reading →

5 reasons to learn how to draft a contract

Learning how to draft a contract is a most essential skill that a lawyer should have in his briefcase. Whether you are an in-house counsel or an associate in a law firm, chances are that contracts form a major part… Continue Reading →

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