ABA Section of Business Law
eSource
The Big Deal About the Fine Print: Negotiating & Drafting Contractual Boilerplate.
- The term "boilerplate" connotes standardized one-size-fits-all provisions. Yet many of the provisions often referred to as boilerplate are anything but. For example, the representations, warranties, covenants, and conditions in one acquisition agreement may seem similar to those in another acquisition agreement. Nonetheless, an understanding of the legal and business effect of these provisions reveals that the differences are far more important than the similarities.
