The world of the contract can often feel confusing for the parties, who are used to practical performance and concrete action rather than legalities and “the party shall” requirements. One tool that offers clarity and direction for the parties, as well as a benchstick against which to measure how each party is doing in performing …
Introduction Drafting contracts can be a complex and time-consuming process, often involving an intricate web of legal terms and conditions. Contract templates serve as a potential solution to streamline this process, but like any tool, their effectiveness is highly dependent on their usage. This article explores the many different facets of contract templates, their …
Using Contract Templates: Do they really streamline Contract Drafting? Read More »
table of contents Introduction What is Confidential Information The Importance of Confidentiality in Contracts 1. Protecting Sensitive Information 2. Legal Protection 3. Building Trust Examples Example 1: Technology Companies Example 2: Mergers and Acquisitions Best Practices for Drafting Confidentiality Clauses 1. Define Confidential Information 2. Specify the Obligations 3. Set a Time Frame 4. Include …
Definition of Contract Drafting Contract Drafting is the process of creating a legally binding written Contract (or other legal document) between the parties to a transaction. By drafting, negotiating, and executing a Contract, the parties deliberately place formalities around their agreement to protect each party better and establish their rights and obligations as well as …
The importance of Intellectual Property In today’s knowledge-focused economy, Intellectual Property (IP) has become an increasingly valuable asset for most organisations. Without their proprietary rights in IP, organisations would not be able to function, make a profit, or provide their services legitimately. And without protection for their Intellectual Property Rights, those same organisations would likely …
Intellectual Property in Contracts: Protecting and Managing your IP Rights Read More »
Indemnity Clauses: What You Need to Know Before Signing a Contract Contracts can be intimidating, especially when they contain legal terms that are difficult to understand. One challenging provision is the indemnity clause. This type of clause is common in contracts, and is one of the most clauses that places the highest risk on …
How to understand an Indemnity Clause [for Non-Lawyers] Read More »
Mistakes are often made when Drafting a Contract As everyone who drafts Contracts (whether Contracts Lawyers or Contracts Professionals) knows, it is easy to make a mistake. Mistakes in Contract Drafting can have minor conseqences (eg a typo that is easily corrected by the reader to the obvious meaning) or major consequences (eg a typo …
What is a Contract Drafting Course? A Contract Drafting Course teaches its students how to draft contracts effectively. These courses are usually targeted at Lawyers and cover topics such as understanding Contract Law, drafting contract clauses, and negotiating contracts. Rare courses, such as those run by Blaze Professional Learning, teach Contracts Professionals with no Law …
Introduction Indemnity clauses can be confusing and overwhelming, and there’s at least one in every contract. The natural temptation is to skim past clauses containing indemnities and hope they won’t bite you down the track, or that the other contracting party won’t have recourse to an indemnity in their favour. But indemnity provisions …
What is Indemnity (and what does Indemnities mean in 2023)? Read More »
A core skill for Contract Lawyers is knowing how to draft a contract clause. This post contains the best tips to help you with your contract drafting.
It’s becoming harder and harder for law students and lawyers of all levels to gain practical and real-world skills in contract drafting. When you add in the number of freelance contract drafters who may not have substantial experience and skills in contract drafting, but are receiving payment for doing so (often at much lower prices …
How Can I Learn Practical Contract Drafting Skills In 2023? Read More »
