Drafting Skills · glossary
The first full version of the contract, written by one side’s lawyers. It turns the business points into words that bind. It sets every default, so the side that writes it gains. Chapter 1 · see Precedent, Term sheet
Explained in Chapter 1, How to Draft a Contract from a Term Sheet, of Drafting Skills.
A deal starts as a short list of business points. A first draft is the first full version of the contract, written by one side’s lawyers. It turns those points into words that bind. This workbook follows one contract from that list to the day it is signed.Read Chapter 1, How to Draft a Contract from a Term Sheet →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Drafting Skills and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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Where this term lives
This term is part of one fictional contract, from term sheet to signing, with every document attached and a test after every chapter. Open Drafting Skills → · All terms A–Z →