Precise Contingency Drafting

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Explore:  Contingency Clauses
Contracts look to the unknown future. Rare, then, is the contract that does not have to address some degree of uncertainty in its language. As lawyers drafting a contract, our task often includes dealing with two or more possible outcomes of this or that element of uncertainty in a comprehensive yet reasonably concise manner. Drafting contingency clauses that adequately and clearly cover the permutations of uncertainty is usually challenging. Unfortunately, there are a number of ways to fumble the challenge; adding ambiguity or See more +
Contracts look to the unknown future. Rare, then, is the contract that does not have to address some degree of uncertainty in its language. As lawyers drafting a contract, our task often includes dealing with two or more possible outcomes of this or that element of uncertainty in a comprehensive yet reasonably concise manner. Drafting contingency clauses that adequately and clearly cover the permutations of uncertainty is usually challenging. Unfortunately, there are a number of ways to fumble the challenge; adding ambiguity or contradiction on top of uncertainty, is, to say the least, no service to the client or the objective of the contract. See less -

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Topics:  Contingency Clauses

Published In: General Business Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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