What’s your greatest weakness in contract drafting?
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”.
Jamie Wodetzki, Founder of Exari, did. Led by his experience in document automation – just like Dante was led by Virgil – Jamie starts a fascinating trip to investigate the 7 Cardinal Sins with a focus on contract drafting. He walks us through the most common mistakes that lawyers and professionals make when writing contracts and legal documents, and explores the solutions provided by intelligent document assembly to cut costs and eliminate risk.
Originally presented as a Technology Session at Legal Tech 2009, this interesting and timely presentation is now available in seven free 2-minute clips on the Exari website, and includes stories from the front line of legal service automation at leading companies and law firms around the world.
Here is Jamie’s list of don’ts:
- Lust: Don’t lust after sexy documents and be obsessed by beautiful fonts.
- Gluttony: Don’t draft fat, excessively long contracts.
- Greed: Don’t write take-it-or-leave-it, one-sided standard form contracts.
- Sloth: Don’t make mistakes due to inaccurate, lazy drafting.
- Wrath: Don’t be caught with the wrong clauses and get aggressive.
- Envy: Don’t fail to focus on details, as well as the big things.
- Pride: Don’t find yourself guilty of excessive love for your own drafting.
The 7 Deadly Sins of Contract Drafting teaches us that a little bit of sinning is acceptable, but in a global financial crisis the cost of sinning blows up and smart companies must be able to avoid such common mistakes and have complete visibility into their contracts.
Check it out and tell us: what is your sin?
This post was guest authored by Federica Ionta