Charles M. Fox Quotes & Sayings

Which lawyer drafts the contract is often dictated by custom: financing agreements are drafted by lenders' counsel; acquisition agreements are drafted by purchaser's counsel; underwriting agreements are drafted by underwriter's counsel; employment contracts are drafted by employers' counsel; security agreements are drafted by secured party's counsel. The underlying principle is that the party with the most leverage or with the most to lose from an inadequately drafted contract will do the drafting. — Charles M. Fox