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Whenevver engaging [[external counsel]] ''does'' make sense, dispensing with a [[termsheet]] is a charter for ''utter disaster''.  
Whenevver engaging [[external counsel]] ''does'' make sense, dispensing with a [[termsheet]] is a charter for ''utter disaster''.  


The main commercial points of any arrangement are generally few, easily articulated, and well-suited to clipped adumbration in a table: like a [[termsheet]]. They can then haggled over, refined and beaten to a fine copper plate ''in the abstract'', by the principals, quickly and without ceremony. The women and men whose prospects depend on it should trust themselves to arrive at agreed terms without legal help, even if we forensic ''[[rentier|rentiers]]'' quail at the thought. If they do, then by the time professional advisers get a look in, the heat will have dissipated, the principles will be settled, the merchants’ [[Consensus ad idem|minds will have met]] and they will just want to get cracking with whatever they have resolved to do.  
The main points of any commercial arrangement are generally few, easily articulated and well-suited to the clipped tabular adumbration of a [[termsheet]]. There they can be haggled over, refined and beaten to a fine copper plate ''in the abstract'', by the principals, quickly and without ceremony. These women and men should trust themselves to agree terms without legal help, even if we forensic ''[[rentier|rentiers]]'' quail at the thought. If they do, then by ''we'' get a look in, the heat will have dissipated, the principles will be settled, the merchants’ [[Consensus ad idem|minds will have met]] and they will just want to get cracking with whatever they have resolved to do.  


Each will, therefore, urge its own counsel on with the following words:
Each will, therefore, urge its counsel on with the following words:


{{quote|“Look, just get on with it, would you? I am not paying you to fiddle around in the [[weeds]] here. Make sure the [[termsheet]] is adequately reflected, we haven’t missed anything obvious but in any weather be sharp about it. Do not [[due dilly|dilly dally]].”}}
{{quote|“Look, just get on with it, would you? I am not paying you to fiddle around in the [[weeds]]. Make sure the [[termsheet]] is adequately reflected, we haven’t missed anything obvious but in any weather ''be sharp about it''. Do not [[due dilly|dilly dally]].”}}


This will disappoint most [[legal eagle]]s — like all performance artists, they like to be the main event — but still it ''must'' be the most effective critical path.  
This will disappoint most [[legal eagle]]s — like all performance artists, they like to be the main event — but still it ''must'' be the most effective critical path.