Understanding Commonly Used
Contract Terms: Boilerplate Clauses
(ISBN 0 9581 452 37)
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The purpose of this book
is to familiarise the reader with the
look and feel of particular contract clauses
(often called boilerplate clauses) that
are of key importance in commercial contracts.
In commercial contract negotiations,
some executives will only carefully scrutinise the commercial
or deal terms of the contract. The rest is usually left
“for the lawyers to sort out”.
However, the boilerplate clauses will usually govern
or regulate the other commercial or “deal”
clauses. Therefore, boilerplate clauses play a very
important part in the contract as a whole.
It is only through this process of familiarisation that
one can begin to understand their impacts and effects.
The important thing is to be able to identify them and
understand what they are trying to achieve by their
inclusion within the contract.
Having an understanding of the way they work and the
way they are used, will place you well ahead of most
other business executives in this area.
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