Contract risks: getting it right
It can be tempting to prioritise deal-making over the finer details of the contract. A little extra care at the drafting stage, however, will minimise the risk of expensive headaches later. By Laura Samuel
The most important features of any contract are clarity and certainty. The contract should clearly set out the rights and obligations of each party and have adequate provisions in place for dealing with unlikely events.
There are a number of risks to consider when drafting and negotiating commercial contracts. The single biggest difficulty is lack of certainty, which can result in legal disputes
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