Category 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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →