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24 September 2013

Contact Drafting Matters

Definitions in a contract can clarify the meaning of a term, but sometimes the way that a term is drafted in a contract does not comport with the common meaning of the term.  And, when you are an insurance company and someone is trying to obtain insurance coverage from you, your atypical definition is binding upon you.

2 comments:

  1. Sometimes terms that have well understood meanings are best left undefined. Indeed, almost always.

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