Sinning, we know, is human. And we all know what Capital Vices are. But no one before has applied the 7 Deadly Sins to contract drafting, and explained how common errors in writing legal agreements can lead to “eternal contractual damnation”.
If you manage a corporate legal department, there are three telltale signs that you might get significant value from automating the creation of your day-to-day business contracts.
My post on drafting contracts to be understood mentions the importance of typography (the layout and appearance of printed material) for clear communication. In a recent post, lawyer Sam Glover reinforces the point with five typography tips for lawyers. But it’s Sam’s sixth tip, a non-typographical one, that I’m most interested in.
Company culture is heavily influenced by the views of its leaders, particularly the people who’ve been around since ‘Day 1′. Exari co-founder and Chief Technology Officer, Dr. Justin Lipton, is one such person.
Everyone who deals with legal documents can point to unintelligible agreements. Many would argue that this is the aim of the drafter.That may sometimes be the case. But, more often, the drafter(s) in question simply know no better. Most lawyers are NEVER taught how (or why) to draft in Plain English.
In 2002 Gartner predicted that, by 2007, there would be a $20 billion market for Contract Lifecycle Management software and services.
Tim Cummins - CEO of the International Association for Contract & Commercial Management (IACCM) - has written a post suggesting why market growth hasn't met those expectations.
If you work with legal documents, you've probably had to contend with MS Word's outline numbering. In which case you may have also suffered the pain of your numbering spontaneously going haywire. Sound familiar? Then read on.
I just read Richard Susskind's take on Rio Tinto's legal process outsourcing (LPO) deal, which he describes as "ground-breaking."
In an effort to reduce it's annual legal bill by 20% (or around US$20M), Rio Tinto is outsourcing legal work to India. According to The Times, the work will include "tasks such as reviewing documents and drafting contracts."