When drafting an agreement, many people will concentrate on the core commercial terms rather than the boilerplate clauses. Some see the word "boilerplate" as referring to "unimportant" contract terms. This is very dangerous as a failure to consider all the provisions of a commercial agreement can have serious consequences. A boilerplate clause sometimes deals with important operational issues such as the law of the contract or how notices may be sent. On other occasions, the clause deals with commercial issues that may not seem important, until a problem arises. For example, a force majeure...
When drafting an agreement, many people will concentrate on the core commercial terms rather than the boilerplate clauses. Some see the word "boilerpl...
