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Showing posts from June, 2015

Contract Formation: The Danger of Simplicity

Drafting contracts is not that simple that  a plain language and short sentences is used with disregarding of judicial proceedings and other legal considerations. Meaning interpretation, for example,  is still a significant threat that can arise with "simplicity". In other words, the purpose of using legal forms in contracts is to avoid or/and reduce misinterpretation or/and ineffectively of contracts. Due to the transnational character of many internet contracts, we need to stick to the international conventions in order to cover up most bases and to allocate the jurisdiction that the contract is governed by when conflicts raised. However, legal formed contracts goal is to minimise risks, and it is proven to be the safest way to form an agreement. To sum up, do not use the informal way as it might cost you nothing to be created, but surly they are costly and risky when applied in real life.