An eagerly anticipated second edition of this established and highly regarded text teaches the key practice skill of contract drafting, with emphasis on how to incorporate the business deal into the contract and add value to the client's deal. Features: More exercises throughout the book, incorporating More precedents for use in exercises Exercises designed to teach students how to read and analyze a contract progressively more difficult and sophisticated New, multi-draft exercises involving a variety of business contracts New and refreshed examples, including Examples of well-drafted boilerplate provisions More detailed examples of proper way to use shall Multiple well-drafted contracts with annotations Revised Aircraft Purchase Agreement exercise to focus on key issues, along with precedents on how to draft the action sections and the endgame sections. Expanded explanations of endgame provisions, along with examples and new exercises

Like previous editions of this landmark title, the Third Edition of Drafting Contracts: How and Why Lawyers Do What They Do, emphasizes the importance of accurately memorializing the business deal while also advancing your client's interests. New co-author Monica Llorente builds on the foundation and insights of Tina Stark's landmark text with detailed introductions to the six building blocks for drafting contracts that pave the way for understanding any type of business contract. Reader-friendly text illustrated by examples and sample provisions demonstrates the mechanics, strategy, and precision of real-world contract drafting. In line with Tina Stark's legacy of building a bridge between law school and practice, co-author Monica Llorente solicited significant input from law professors, practitioners, and law students in the course of her work on the Third Edition. NEW TO THE THIRD EDITION Covid's effect on contract drafting, including force majeure provisions Expanded and updated coverage of use of qualifiers, standards, and risk allocation Expanded and updated coverage of endgame mechanisms, such as limitations on liability, specific indemnity tools, and provisions All-new coverage of Professional Responsibility Part summary chapters that provide a capsule overview of all topics in those chapters Online materials and updates on using AI and technology in drafting, available on CC Resources page and Aspen website Professors and students will benefit from Using drafting concepts as the building-blocks for understanding and writing business contracts Clear descriptions of the purpose and format of every part of a contract Guidance for developing drafting skills Hands-on exercises for practice and self-assessment Best-practice recommendations for drafting clearly and unambiguously Integrated coverage of strategy, risk management, ethical considerations Online materials and updates for using AI and Technology in contract drafting

Drafting and Analyzing Contracts (called Drafting Contracts in its first two editions) has three major parts: Part I is organized around the topics that are studied in the first year Contracts course. Part II teaches the skills of contract drafting. Part III teaches how to read a contract. The purpose of this book is to apply the principles of contract law to the drafting of agreements. Each chapter discusses the substance of contracts as applied to drafting and suggests language that may be employed to accomplish the purpose. Drafting and Analyzing Contracts uses drafting to: exemplify the principles of contract law illustrate the principles in a planning context develop the skills of a lawyer. Part I (How the Principles of Contract Law are Exemplified in Drafting) contains 14 chapters that illuminate the substantive law. For example: Chapter 7 demonstrates the problems that can arise from ambiguity and how to cure them; and Chapter 10 makes clear how drafters can use the concept of conditions to accomplish their goals. This Part is particularly useful to supplement the first-year Contracts class. Part II (How the Principles of Drafting are Exemplified in Contracts) teaches techniques for contract drafting, including Drafting in Plain Language and Drafting with a Computer. This Part reinforces the substantive law and is particularly useful for upper-division classes that teach drafting. Part III (How to Read and Analyze a Contract) shows how attorneys rely on forms and models where there is no opportunity for drafting. Therefore, attorneys must first read a contract before re-drafting it or explaining it to a client. Students who follow the "5 passes" process for reading contracts will develop and deepen their analytical skills. A thorough Teacher's Manual (available only to professors) provides guidance on teaching drafting, commentary on all parts of the book, solutions to all the problems, additional problems, and a bibliography.

"This book is a practical, to-the-point text covering the fundamental working parts of a contract and how one should be prepared. It provides an overview of the issues and processes involved in drafting contracts and transactional documents. It enables students to analyze the basic structure of contracts and other deal documents and develop the macro and micro techniques used to efficiently create those documents with precision and clarity. It provides the principles necessary for an understanding of the common structures of transactional documents and their provisions that can then be applied to specific transactions. This book also covers some of the substantive laws that may affect contracts."--Publisher's website.

Contract Drafting: Powerful Prose in Transactional Practice presents an overview of the stages in the contract process and offers a comprehensive introduction to the substantive areas addressed in transactional documents. In fourteen lessons, readers will learn how to work from prior documents to produce effective and complete legal documents that protect the client's interests.