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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.
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.


{{seealso}}
{{sa}}
*[[Highly unlikely]]
*[[Highly unlikely]]
*[[Force majeure]]
*[[Force majeure]]

Revision as of 11:36, 18 January 2020

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.

See also


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