Legal Due Diligence · glossary
The standard clauses readers tend to skip, usually at the back of a contract: termination, assignment, notices and governing law. The dangerous clauses often sit among them. Novapay's right to end its contract on a change of control sat eighteen clauses deep. Chapter 5
Explained in Chapter 5, The Request List and the Review, of Legal Due Diligence.
The main page for this term is Boilerplate, in Drafting Skills.
The skill is knowing where to look. The front of a contract gives the parties, the date and the defined terms, and the schedules give the money. The dangerous clauses usually sit in the back third, among the standard clauses readers tend to skip as boilerplate: termination, assignment, notices and governing law.Read Chapter 5, The Request List and the Review →
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