There's a lot of debate on whether and / or how to use
Standard Form Templates for drafting contracts.
My views are ambivalent on the subject - will try to delve into
issues from both sides.
Using standard templates for drafting commercial contracts could
offer several benefits, including:
Efficiency and Expediency. Standard templates can save time and
effort by providing a pre-defined structure and language for most
common contract elements. This streamlines the drafting process and
allows for faster turnaround times. Everyone seems short of time
for work, while they have time for social media!
Consistency. Standard form templates ensure that contracts
across different transactions or parties maintain a consistent
format, sequence, language, and legal terms. This can help in
creating a more standardised approach within an organisation and
reduce the risk of inconsistencies or errors.
