Clauses

This subtopic includes Precedent clauses which Restructuring & Insolvency (R&I) lawyers may require or come across in their work.

'Boilerplate' is the term used to describe the clauses that are included in an agreement to deal with the mechanics of how it works and those legal points that are relevant to most transactions. They are generally found at the beginning and the end of an agreement.

It is key when drafting or reviewing an agreement to consider each boilerplate clause that has been included in it carefully:

1. •

   to ensure that its inclusion is appropriate in the context of the transaction

2. •

   to ensure that its scope is appropriate in the context of the transaction

3. •

   to understand what the position