Do you feel like you learned a lot about contract law in law school, but very little on how to actually draft one? You’re not alone. Check out these principles of contract structure and organization, and you’ll have no problem drafting your next contract.
First, there are some basic principles of contract construction to keep in mind:
- You have many audiences. A contract is a form of communication that a diverse audience will read and use: the client, the other party or parties to the contract, all parties’ attorneys, the persons who must perform under the contract, a judge or a jury (if the contract becomes the subject of litigation), successors in interest to the original parties (e.g., trustees in bankruptcy, executors, receivers, new management), and possibly other third parties (e.g.,lenders).
