DIY Contracts
Friday, June 5th, 2009We are part of a “do it yourself” society, where “DIY” is a well-known moniker. DIY is great for many things but drafting legal documents is not one of them. There are lots of form agreements available but they rarely do the job of actually securing a deal, protecting your interests, or otherwise functioning as a truly good contract.
Every deal is different and each deal is unique. If you’re involved in a transaction that requires a contract, it’s important enough that you want the contract to be good. Form agreements may do an adequate job of touching on the major issues (term of the agreement, territory, payment) but usually ignore the details that are so important to every deal. While some forms are better than others, it is virtually impossible to have one form cover all contingencies.
We often talk to people who want to use a form (or “canned”) agreement and then have us “touch it up” or “look it over.” While this may seem to be a money-saving solution, it can take a lot of time to go through a canned agreement and figure out what is missing, where the important terms are, and what may need to be added or edited. In fact, it often takes us less time to do the entire agreement ourselves than it does to fix and fiddle with a form or pre-packaged document. Think of it like building a house: would you try and build the house yourself and then hire a contractor to come in and figure out what is missing and what needs to be changed? It’s just not efficient.
You want your contracts to protect your interests, to accurately explain the deal, and to be properly drafted from the beginning. Canned agreements rarely accomplish these goals. But we can! Feel free to contact us with any questions about your contract.
