Know your purpose

The design of organisations and products Go Premium Making legal contracts a better experience Index — Click ᐅ to expand: Design Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

Ask big picture questions, and then widen the lens:

• What is the legal function here for?
• What is a control function here for?
• What is the bank here for?

Maximise return on risk by managing risk: whittling down all subsidiary/associated risks so what is left is what you are seeking return for taking. So, of an investment:

• minimise enforceability risk
• minimise regulatory risk
• minimise tax risk
• minimise counterparty credit risk
• reduce funding costs
• reduce transaction costs ↔ negotiation
• reduce maintenance costs