Perspective
Jan. 28, 2012
Delaware court defers action on disputed contract terms
Lack of care in drafting contract provisions can be costly. By Robert S. Reder, David Schwartz and Nehal Siddiqui of Milbank, Tweed, Hadley & McCloy LLP
All too often, it seems, courts are asked to resolve disputes over the meaning of contract terms that lawyers and dealmakers may have taken for granted. A lack of care and consistency in the drafting of provisions that might be considered by some to be "boilerplate" can result in expensive, time-consuming litigation and, on occasion, unintended consequences. One recent example is the Delaware Court ...
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