Starting my first job fresh out of law school back in the 1990s, I was handed my first task: drafting a software license agreement. With a binder full of complex provisions, I stumbled through the process, unsure of the right approach.
But times have changed. Today, I have a smarter strategy. Instead of reinventing the wheel, I leverage previously drafted contracts as a starting point, focusing on the unique aspects of each transaction.
Finding a "form" agreement is easy. They're everywhere online, even free. But the key lies in knowing where they fall on the one-sidedness scale, which provisions to modify, add, or delete.
Here's my advice for selecting and using standard forms effectively:
· Look for forms that are:
(1) state-specific (US) or country-specific
(2) industry-specific
(3) annotated
· Polish the language for better readability and style.
· Update for substance and current law.
· Consider deal-specific nuances and address them accordingly.
· Consult an expert for clarification on unfamiliar terms.
· Assess what additional provisions should be included.
· Compare forms from reliable sources and be mindful of their credibility.
· Refrain from altering the language within a form, unless you intend to modify its meaning throughout.
Ready to elevate your contract drafting game? Let's connect and discuss how I can help you streamline your legal processes, save time, and protect your business. Together, we'll ensure your contracts reflect your unique needs and set you up for success.