The Argument Against Drafting Overly Ornate Contracts
Believe it or not, there are a lot of benefits to writing your legal contracts plainly.
For one, it’s an indication of purer intentions. Complex legal contracts, because of their sometimes nefarious usage over time, have a stigma attached to them. Although you should never compromise legal security, there may not be much incentive to adorn your contracts in superfluous language.
And the industry seems to be moving toward such a change. Contracts are becoming more readable and customers are taking more interest in actually reading them. By adopting a simpler approach, you may lessen the amount of inquiries you receive about contract language — and in turn, reduce your customer support requirements.
For a company that values transparency in their company strategy, such a move will undoubtedly make sense. For more information on this topic, watch the video from OpenView Labs featuring Jeremy Aber.
Greg Storey, InVision’s Senior Director of Executive Programs, on standups and standing, evening escape plans and killing elephants.