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Oh, the fertile, febrile mind of a transactional lawyer. | {{a|drafting|}}Oh, the fertile, febrile mind of a [[Mediocre lawyer|transactional lawyer]]. | ||
Part of the paranoid delight of transactional drafting is catering for unforeseen [[contingencies]]. To do this, the [[draftsperson]] has many tools at her disposal: [[force majeure]] clauses, [[indemnities]], [[termination rights]], and a propensity to draft ornate, byzantine [[valuation dispute]] clauses. | |||
But there remains in all of these a guiding principle: one should only address contingencies ''now'' that cannot predictably be resolved ''later'' — that is to say, in the unlikely event they arise. For those contingencies, one has a simpler approach: ''[[amendment]]''. For the certainty gained by catering for these contingencies comes at the cost of length, complexity, aggravation and, well, ''cost'' of finalising your contract. | |||
{{ | {{sa}} | ||
*[[Highly unlikely]] | |||
*[[Force majeure]] | |||
*[[Chicken Licken]] | *[[Chicken Licken]] | ||
*[[Indemnity]] | *[[Indemnity]] | ||
*[[The | *[[The farmer and the sheep]] | ||
Latest revision as of 21:26, 19 September 2022
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Oh, the fertile, febrile mind of a transactional lawyer.
Part of the paranoid delight of transactional drafting is catering for unforeseen contingencies. To do this, the draftsperson has many tools at her disposal: force majeure clauses, indemnities, termination rights, and a propensity to draft ornate, byzantine valuation dispute clauses.
But there remains in all of these a guiding principle: one should only address contingencies now that cannot predictably be resolved later — that is to say, in the unlikely event they arise. For those contingencies, one has a simpler approach: amendment. For the certainty gained by catering for these contingencies comes at the cost of length, complexity, aggravation and, well, cost of finalising your contract.