Clauses

Clauses

This subtopic includes useful boilerplate clauses for use in the variety of contracts which R&I lawyers and professionals may come across. For precedent board minutes approving an agreement, see: Board minutes approving a proposed commercial agreement.

'Boilerplate' is the term used to describe the clauses that are included in an agreement to deal with the mechanics of how it works and those legal points that are relevant to most transactions. They are generally found at the beginning and the end of an agreement.

It is key when drafting or reviewing an agreement to consider each boilerplate clause that has been included in it carefully:

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to ensure that its inclusion is appropriate in the context of the transaction
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to ensure that its scope is appropriate

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