Boilerplate: Difference between revisions

At the JC we define boilerplate expansively, and that is to say “anything that didn’t make it onto the cocktail napkin”. Those terms, thrashed out over Martinis and peanuts at three o’clock in the morning — ''that’s the deal'', and we [[legal eagle]]s have little to say about it, assuming it doesn’t actually break the law. The remainder, be it the classic boilerplate that fills our anatomy, or the “legally vital protections for our client” — the [[events of default]], the [[termination events]], the [[close-out netting]] provisions, the [[indemnities]], the [[security waterfall]]s — it is ''all'', in this wider sense, boilerplate: it is there simply ''[[For the avoidance of doubt|to avoid doubt]]''.