Best Practices When Structuring Contracts

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The question is not whether a well-drafted contract is crucial for a successful engagement. Rather, it is how do you draft a contract that maximizes business potential and minimizes legal risk? How do you draft terms that withstand the changing dynamics of your business and the industry? And finally, is there anything you can do to ensure that it survives the duration without breakdown or falling through midway?

Ineffective contract terms fail to achieve the desired objective. On the other hand, hard-fought terms may be rendered unenforceable by the courts as being too restrictive. So, how do you walk the fine line between getting vital terms into the contract and the risk of them becoming unenforceable? How do you ensure that your contract runs successfully through its full term?

You accomplish this by ensuring that you have a contract that anticipates and overcomes the challenges in the…