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Questions and Answers
Which of the following is NOT discussed in this unit?
Which of the following is NOT discussed in this unit?
- The importance of understanding the law governing the contract
- The benefits of authoring the first draft of a contract
- The significance of ethical conduct when drafting
- The importance of becoming familiar with the underlying business deal (correct)
Who determines who will create the first draft of a contract?
Who determines who will create the first draft of a contract?
- The intended audience
- The author of the draft
- The legal counsel
- The parties entering into the contract (correct)
What is one of the factors to consider when drafting a contract for the intended audience?
What is one of the factors to consider when drafting a contract for the intended audience?
- The significance of ethical conduct
- The underlying business deal (correct)
- The law governing the contract
- The benefits of authoring the first draft
What is a starting point for drafting a contract?
What is a starting point for drafting a contract?
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What role does legal counsel play in the pre-drafting process?
What role does legal counsel play in the pre-drafting process?
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