The problem with contracts - why we need legal standardisation
Vol. 6 - Iss. 2 pp. 38–40
Commercial contracts are broken. They are too lengthy, take too long to produce and potentially kill deals. If they don't kill them, they can delay them or damage relationships. They are simply not fit for purpose. What was a two-page document 10 years ago is now a 30-page document, filled with opaque language, confusing cross-referencing and phrases like 'notwithstanding anything else in the agreement, the following applies ...'.