Selected Usages

One can never have enough on efforts, it seems. Here are three notes on efforts. *** First, thanks to a reader tip I learned of this post on Sheppard Mullin’s Corporate & Securities Law Blog, entitled What Are “Commercially Reasonable Efforts” in M&A Transactions? Some observations. The post says as follows: New York courts have suggested that when parties fail to … Read More

The phrase fails to (and its variants) is utterly standard in contracts, but you could always use instead does not (and its variants). Some grubby examples from EDGAR: The Indemnifying Party shall not be relieved of its obligations to indemnify the Indemnified Party with respect to such claim if the Indemnified Party fails to [read does not] timely deliver the Indemnity … Read More

The word directly comes in handy if you want to say in a contract that a party is allowed to do something, or is prohibited from doing something, directly or indirectly. Some examples from the Berkeley Pit that is EDGAR: Executive shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person … … Read More

This week I revisited my 2012 post on rethinking the “no assignment” provision (here). It reminded me that there’s a general point buried in that post. Here it is: It’s commonplace for contracts to contain something along the following lines: Neither party may assign this agreement without the consent of the other party. In Negotiating and Drafting Contract Boilerplate (Tina Stark … Read More

In everyday English, the phrase so long as means if. As in, You may go to the movies, so long as Juanita goes too. It’s used to convey that meaning in contracts too. I’m here to tell you that you should use if instead, as in the following examples that I caught in an EDGAR glue trap: During the Restricted … Read More

Via this IP Draughts post, we learn that another English court has held that if a set of statements of fact is introduced by warrants, those statements of fact do not also constitute representations giving rise to a claim for damages under the Misrepresentation Act 1967. Mark notes that this opinion is of limited interest, as it involves only a hearing of an application for summary … Read More

This week a reader asked me about including at least—yet another phrase I’d never thought about before. That phrase is unobjectionable when it’s used to express that a given set must including a minimum number, or minimum proportion, of something or other. Here are some random examples from EDGAR: … the Parties shall refer such dispute to the Chief Executive … Read More

Longtime readers will know that I make it a point periodically to prod the carcass that is the notion that different efforts standards impose obligations of different levels of onerousness. Well, it’s time to prod the carcass once more. This morning I used the phrase good reason. That led me to ponder the rhetorical function of good in that phrase—what’s the … Read More