After communication and negotiation, it's the time to write down all the terms parties aligned and agreed. In order for a contract to be valid, it needs to fulfill the requirements for a valid contract. These requirements are set forth by state and federal laws. A legal contract should meet the following requirements:
From the above requirements, you can see the keys when drafting a contract: clear on terms, words, definitions, explicit on considerations including obligations and rights.
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Sample Clauses and DocumentsThere is rarely any need to construct a contract or other agreement from scratch. There are banks of sample language available to accomplish many tasks. You can use these banks to find examples of language to attain your objectives. You own firm may have its own clause database so be aware of what's already available to you in your own workspace Don't Reinvent the Wheel! |
Here is an example of the options available from Intelligize:
Here is Bloomberg's Transactional Drafting Page: