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Another example of the need for standardized contract-language ‘Lego blocks’

A couple of days ago, at a client’s request, I reviewed what should have been a very simple contract draft for a very standard type of business transaction. The draft had been provided by a counterparty.

The draft was, charitably, not well done: Apart from overreaching more than a little, it had all kinds of little problems with language.

The experience reminded me again of why I started the FirstDrafter project: Simple contracts should be able to be assembled from standardized parts.