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The art of drafting contracts
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Posted on Thu, Apr 5, 2012 at 10:27 IST (last updated: Sun, Apr 29, 2012 @ 07:35 IST)
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- A proper title that defines the essence of the contract.
- Date of entering into the contract.
- Proper description of the parties of the contract, including their authorized signatories.
- A preliminary statement of purpose which briefly describes what the contract is about and what each party seeks to give the other party in consideration of the promises made.
- Clauses that spell out the mutual promises and consideration.
- Remedial clauses or clauses that specifically spell out remedies available to each party and the proper forum to approach in the event of dispute or breach of terms.
- Common duties and liabilities
- Definitions of terms and phrases which may be ambiguous.
- A proper termination clause defining either the duration of the contract or any condition or event which terminates it.
- Other standard clauses as may be needed.
In this series
- Why Contempt of Court ought not be diluted or removed
- In favour of retaining criminal defamation laws
- Supreme Court upholds freedom of speech
- The slippery slope of "Justice"
- The concept of preliminary objections in Law
- The Art of being in Two Places at once
- Interpreting Law and its pitfalls
- Drafting legal pleadings - an overview
- The art of drafting contracts
- Two methods of learning in the legal profession
- பாரம்பரிய அறிவும், அறிவுசார் சொத்துரிமைச் சட்டமும்
- வீண் பேச்சால் விபரீதம்
- Law and paperwork go together like bread and butter
- ஒரு வழக்கை நடத்துவதற்கு ஏன் வழக்கறிஞர் தேவை?
- The 3 Ds of the legal profession
- Is occasional swift justice a failure of law?
- Contempt of Court - an overview
- Chemical pollution caused by industries: why they invite heavy sanctions
- Business law - the most boring aspect of law
- Legal ethics: how can a lawyer defend the guilty?
- Criminal jurisprudence and the presumption of innocence
- Is tolerance a legal virtue?
- Road accident cases - how to deal with emergencies
- Blogging in anger and its legal implications
- Common wrong assumptions by amateur internet "lawyers"
- On Legal Opinions
The blog owner has closed further commenting on this entry.
It's a bit hard to relate when not in the law profession.
Comment by Dion Moult (visitor) on Mon, Apr 9, 2012 @ 06:29 IST #
Comment by Hari (blog owner) on Mon, Apr 9, 2012 @ 08:43 IST #
Comment by Dion Moult (visitor) on Sat, Apr 14, 2012 @ 20:51 IST #
Comment by Hari (blog owner) on Sat, Apr 14, 2012 @ 21:12 IST #