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When drafting contracts, many businesses treat governing law clauses as a mere formality. However, these clauses play a critical role in determining which jurisdiction’s laws will apply in the event of a dispute. In an increasingly globalized economy, the choice of governing law can have far-reaching implications for your business. This article explores the importance of governing law […]
Introduction The COVID-19 pandemic brought the force majeure clause into the spotlight like never before. This once-overlooked boilerplate provision became a lifeline for businesses navigating unprecedented disruptions. But what exactly is a force majeure clause, and how has its role evolved in a post-pandemic world? In this article, we’ll break down the key concepts, analyze real-world cases, and provide practical […]
Severability clauses (also known as salvageability or separability clauses) act as a safety net and ensure that if one part of a contract is found to be unenforceable, the rest of the agreement remains intact.
Introduction Boilerplate clauses are often seen as standard, non-negotiable provisions in contracts. Among these, the “Entire Agreement” clause is one of the most common. Its purpose is to ensure that the written contract represents the complete and final agreement between the parties, excluding any prior discussions, promises, or representations. However, this clause is not as foolproof as […]
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Introduction In the realm of contract negotiations, having a strategic advantage can be the difference between securing a favorable deal and enduring unfavorable terms that hinder your business growth. One powerful tool that can provide this advantage is BATNA—Best Alternative to a Negotiated Agreement. For startups and business owners, understanding and effectively utilizing BATNA can […]
Introduction In the competitive landscape of modern business, Intellectual Property (IP) serves as a cornerstone for innovation, branding, and strategic advantage. For startups and business owners, effectively managing IP through contracts is crucial to safeguarding creations, monetizing assets, and fostering sustainable growth. Central to this management are licensing and ownership clauses, which delineate the rights […]
Introduction In the intricate tapestry of business operations, contracts serve as the foundational threads that bind agreements between parties. However, even the most meticulously crafted contracts can encounter disagreements or unforeseen circumstances that require resolution. This is where dispute resolution clauses come into play. These clauses outline the methods by which parties will address and […]
Introduction In the dynamic landscape of business, relationships are constantly evolving. Whether entering into partnerships, service agreements, employment contracts, or vendor relationships, the ability to end these agreements gracefully is paramount. This is where exit strategies in contracts play a crucial role, primarily through the incorporation of termination clauses. For startups and business owners, understanding […]
