Month: February 2016

Which is Better: Letter of Intent or No Contract?

Sarah Schutte of Schutte Consulting joined me at a blab debate and discussed whether a letter of intent was better than ‘no contract’. We covered: the requirements for a contract, the critical contents for a workable legally binding letter of intent why bother with a contract, how a letter of

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Review the Risk in Using a Letter of Intent

Although there are a number of pitfalls with letters of intent, the key risk is that the full contract is never signed. A letter of intent is used to get the project started quickly, but it is only intended to be a temporary stop-gap. So why don’t the parties get

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When Letters of Intent Go Wrong: the Client Perspective

A letter of intent is a contract to start a construction project in the form of a letter. It may also confirm the sender’s intention to award the contract for the whole project to the recipient – the contractor. The purpose of a letter of intent is two-fold: (1) to

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Improve Your Contract Writing Skills

Everyone prefers plain language – your clients expect and want it from their advisers, their business partners, their regulatory authorities and also from their lawyers. But the skills to write plainly are uncommon, and the tools and techniques need to be learnt and practiced (and bad habits erased). Bad Habits

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What Is Your Safety Net?

When writing your contract, you may be tempted to see it as a form of safety-net. Rights and remedies… This means your contract will inevitably focus on what will happen when things go wrong. Is this really a good start to a client relationship? How do you think it makes

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