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{{a| | {{a|contract|{{image|Cocktail napkin|jpg|All that is not [[boilerplate]], yesterday.}}}}{{d|Cocktail napkin|/ˈkɒkteɪl/ /ˈnæpkɪn/|n| | ||
}}All that is not [[flannel]], [[boilerplate]] or [[verbiage]]. Succinct, meaningful, ''consequential'' text. | |||
The key terms, that you hacked out in that still, small moment of clarity, or weakness, when the inspiration struck you and your counterparty, in some nasty bar in a bad part of town in the early hours, while a janitor mopped the floor, a bellhop stacked chairs and the bartender shot you daggers, but through which ''you clenched the deal''. | |||
The cocktail napkin is that terse memorial you both sign ''before'' the throwaway remark that consigns your hopeful — and, yes, partly inebriated — aspirations of commercial elegance and clarity to the meat-grinder: “the [[lawyer]]s can pin down the details later”. | |||
Sometimes called a “[[termsheet]]”, the cocktail napkin is the ''concentrated essence of your deal''. ''Everything'' of importance — everything you need, to confirm that your respective [[Consensus ad idem|idems reached a consensus]] is there: you’re done, you are locked, loaded, and all you now need are the [[legal eagle]]s to wheel in the stirrups and the machine that goes “ping” and smother the whole thing in acres of [[boilerplate]]. | |||
Now here is a curious refutation of a truth that is otherwise universal: the ''Game of Thrones'' diktat, that everything before the “but” is bullshit, does not apply. | |||
''Everything'' on the cocktail napkin goes ''before'' the “but” — that is its very definition — but here it contains all the distilled, unvarnished essence of your engagement. It is the ''antithesis'' of bullshit. At the exact point where the napkin ends — its torn & lipstick-smudged edge — ''that'' is where the “but” begins. But note the rude inversion: this time, it is everything that comes ''after'' the “[[cocktail napkin|but]]” — and make no mistake, ''torrents'' will come after it — ''that'' will be bullshit. | |||
But hold on for dear life: within nine months you’ll be live! | |||
Converse: [[Let’s go straight to docs]] | |||
{{sa}} | {{sa}} | ||
*[[ClauseHub]] | *[[ClauseHub]] | ||
*[[Semantic code project]] | |||
*[[Boilerplate]] | |||
*[[Let’s go straight to docs]] | |||
{{Technical Tuesday|22/12/20}} | |||
{{Cheeky Thursday|11/3/21}} | |||
{{c|The Devil’s Advocate}} | |||
*[[Side letter]] | |||