A More Collaborative Approach to Drafting Contracts

Author: Mirjam Ros and Deepika Jeyakodi
Published: 23.08.2022
Imagine discussing a collaboration or innovation project with a partner. You would say, “First let’s do this. If it succeeds, then we could do that. If not, we could try a different thing. If everything works out by this time, then we can proceed to take that next step.” Sounds simple right? Now that you’ve decided on most of these things, you want to formalize this in a contract. Some days later, you have a 40-page document that contains a lot of what you agreed embodied in blocks of text. After some time negotiating the agreement with your partner, you…