According to data from World Commerce and Contracting, a mere 0.007% of contracts end in serious dispute (and even fewer end in tribunal proceedings).
So why do we mostly draft contracts as tools for legal enforcement and not as tools for project management? And why do we take the same legal approach for complex multi-million dollar/pound/yen long-duration projects as we do for simple immediate transactions?
How can it possibly be in the interests of the parties to create a document with business-critical information and that manages risk in a form which users cannot access or understand?
What should you do?
Decide the critical purpose (your why) of your contract and write to focus on meeting that need.
