Good contracts should be easy to understand

08/18/2009 | Bloomberg Businessweek

Contracts have to contain a certain amount of legalese, but a well-written one should be "understandable to everyone involved," says Jonathan I. Ezor, director of the Touro Law Center Institute for Business, Law and Technology. "If the client can't read a contract and figure out what it means, it's a bad contract," he says. "Worse still, vague language will more likely lead to a lawsuit than do clear provisions, since misunderstanding is a frequent driver of disputes."

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