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Anyone else experiencing pencils down?
Additional Posts in Corporate Transactional Law
Who’s planning on leaving after getting their bonus?
Does anyone want to be my M&A coach? Will pay.
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Nah, I actually really like them. Always easier to cut then add.
I’ve always found them very user friendly.
Of course you have to tailor them. If templates could be used “off the shelf,” lawyers wouldn’t be needed. The forms typically have all provisions that are potentially relevant and, as the attorney, you are expected to determine which provisions are unnecessary to your particular transaction and delete them. It’s easier to delete provisions than it is to identify relevant provisions that are missing and draft those provisions for inclusion .
My “not just that you have to tailor them” comment was to say I know you have to tailor them and that is not a reason I think they are not great for commercial deals (distribution agreements and the like). It is more than all the typical deleting and massaging. They are clunky and then I personnally find even after all that… it wiuld have been better to start with something else.
The privacy ones are pretty good.
I really like them
The longer ones trip over themselves some times, i feel like their saas agreement is that way. But mostly good - what templates are you referring to?
Tripping over themselves is a good characterization. Thank you. All the ones related to distribution and supply and tangents to that.
I definitely find the practical law templates to be commercially unworkable. For me, they are often too complex, too long, and require quite a bit of tailoring before they can be used. On more than one occasion I have started with a different template, made the necessary adjustments, and ended up with something that I find more useful.