Archive: August, 2006

Five Contract Myths Debunked

When a lawyer explains how dangerous it is to draft your own contract, I’m reminded of the famous words of Mandy Rice-Davies: “Well, he would say that, wouldn’t he?”

But sometimes it pays to heed these lawyerly warnings. It might save you from the legal equivalent of stumbling blindly into the middle of a mine-field. Not somewhere you want to be.

Which brings me to a recent article, Debunking five myths about contracts, written by Simon Pigden, a partner in UK law firm, Pinsent Masons. Simon has a fair crack at explaining the value a lawyer adds to the contract drafting process, and highlights some of the risks you face with “lawyer-free” deal-making.