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10 Aug 2015

Commercial Law Briefing: Getting the Boilerplate Right

This is a good basic guide to b2b contracts under English law, together with references to recent legal cases.\r
Most commercial contracts have a long list of standard 'boilerplate' clauses. They can be overlooked when drafting and negotiating commercial agreements but a failure to give them the attention they deserve can have serious consequences - a party may find it has difficulties terminating the contract, or where unforeseen events occur it may find itself in breach of contract, despite being unable to overcome the 'force majeure' event in question. Or there may be a dispute and the court may find that assurances given before the contract was signed are binding, despite the parties spending time documenting what they thought was the entire agreement.

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